Spencer Lehman's questions to I-80 Gold Corp (IAUX) leadership • Q2 2024
Question
Spencer Lehman, an independent analyst, questioned whether a friendly or unsolicited takeover might be a possibility, given the rising price of gold and the company's stock price, as an alternative to a joint venture.
Answer
CEO Ewan Downie acknowledged the active M&A environment and the strategic value of i-80's assets, which attract constant interest. He noted that while the company could sell non-core projects, he would not favor a takeover of the entire company at its current depressed valuation. Downie emphasized that the focus is on building value and that now is not the time for the company to be acquired.