i-80 Gold Provides a Development Update; Archimedes Underground and Lone Tree Plant Refurbishment Remain on Track and Mineral Point Open Pit Prioritized in Updated Development Plan
Key Highlights
- ➤150,000-200,000 ounces annual gold production targeted beginning in 2028
- ➤Mineral Point could add approximately 280,000 gold equivalent ounces annually over 17 years
- ➤Lone Tree refurbishment remains on schedule for first gold pour in Q4 2027
- ➤Lone Tree refurbishment carries $430 million total capital cost estimate
- ➤Mineral Point prioritized ahead of Granite Creek open pit in updated plan
Expert Statements
Richard Young, President & Chief Executive Officer of i-80 Gold
“We are pleased with the continued progress across our operating and near-term development projects as we continue to achieve each major milestone on schedule”
Richard Young, President & Chief Executive Officer of i-80 Gold
“Granite Creek underground is ramping up production, and its measured and indicated mineral resources increased by approximately 230% in the September 2026 feasibility study((2) )compared with the March 2025 PEA.”
Richard Young, President & Chief Executive Officer of i-80 Gold
“Thanks to the dedication of our project teams, Archimedes underground remains on track to begin production mining in the fourth quarter of 2026, while the Lone Tree Plant refurbishment continues to advance on schedule toward its first gold pour target in the fourth quarter of 2027.”
Paul Chawrun, Executive Vice President and Chief Operating Officer of i-80 Gold
“Ongoing drilling and technical work continue to reinforce our confidence in the resource expansion potential at Granite Creek and Archimedes underground, and their potential to supply refractory feed to the Lone Tree Plant for longer than previously contemplated.”
Paul Chawrun, Executive Vice President and Chief Operating Officer of i-80 Gold
“This creates an opportunity to sequence Cove underground later in the development pipeline as a future source of refractory feed and prioritize Mineral Point open pit, our largest growth project, to drive the next stage of production growth.”
Paul Chawrun, Executive Vice President and Chief Operating Officer of i-80 Gold
“We believe this updated development plan positions us to unlock Mineral Point's substantial value while aligning capital allocation with feed supply and processing capacity.”
Paul Chawrun, Executive Vice President and Chief Operating Officer of i-80 Gold
“It also continues to support organic growth toward a target of 500,000 to 600,000 ounces of average annual gold production under our broader development plan, and our goal of becoming a mid-tier gold producer in Nevada.”
i-80 Gold Provides a Development Update; Archimedes Underground and Lone Tree Plant Refurbishment Remain on Track and Mineral Point Open Pit Prioritized in Updated Development Plan PR Newswire
All amounts are expressed in United States dollars unless otherwise stated.
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