Filing Flows › i-80 Gold (IAUX) › Takeover & LBO
Is i-80 Gold (IAUX) a takeover target?
A leveraged buyout does not work for i-80 Gold on its latest figures: it has no positive EBITDA to borrow against (−$158M over the last 12 months, on revenue of $131M). Historically 4.8% of companies with its figures were bought within a year (0.95× the average).
Why a leveraged buyout does not fit
A leveraged buyout is paid for mostly with debt that the company's own cash flow repays. i-80 Gold's EBITDA over the last 12 months was −$158M on revenue of $131M, so there is nothing to lend against and nothing to repay a loan with: a buyer would have to pay almost entirely with its own money. That is the kind of deal another company — a strategic buyer that wants the products, the pipeline or the technology — makes, not a private-equity fund. The model therefore gives no buyout price.
What a takeover could cost
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, i-80 Gold would cost about $2.11 a share, $1.8B for all its shares.
| Premium | % | Price a share | All shares |
|---|---|---|---|
| Low end (a quarter of deals paid less) | 20% | $1.91 | $1.7B |
| Median | 32.5% | $2.11 | $1.8B |
| High end (a quarter paid more) | 51.8% | $2.41 | $2.1B |
The odds, from history
Historically 4.8% of companies with its figures were bought within a year (0.95× the average). Its figures put it in decile 5 of 10 (10 = the most likely to be bought). The odds come from a model of every merger proxy, tender-offer response and going-private statement filed on EDGAR since 2011, set against each company's size, margins, debt, cash flow and growth the year before.
i-80 Gold's latest quarter
i-80 Gold, Q3 2026: revenue $32.7M (+2% year over year), operating margin -132.4%, net loss $48.4M, operating cash flow −$32.5M. The chart follows the revenue to costs, profit and cash.
Questions
Is i-80 Gold being acquired?
No headline, 8-K or 13D about a sale is on file in the last year.
Could private equity buy i-80 Gold?
A leveraged buyout does not work for i-80 Gold on its latest figures: it has no positive EBITDA to borrow against (−$158M over the last 12 months, on revenue of $131M). With no cash flow to repay a loan, a buyer would pay almost entirely with its own money: a deal for another company (a strategic buyer), not for a private-equity fund.
What would a takeover of i-80 Gold cost?
Takeovers on record paid a median premium of 32.5% over the share price before the deal (the middle half 20% to 51.8%), according to the 1,437 merger proxies and tender-offer responses on EDGAR that state a premium. At the median, i-80 Gold would cost about $2.11 a share, $1.8B for all its shares.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.