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i-80 Gold Corp. provided an update on the refurbishment of its Lone Tree autoclave and carbon-in-leach processing…
IAUXi-80 Gold Corp.
i-80 Gold Corp. provided an update on the refurbishment of its Lone Tree autoclave and carbon-in-leach processing plant in Nevada, confirming the project remains on schedule and within budget. Major construction is expected to commence in the fourth quarter of 2026, with first gold pour anticipated by year-end 2027. The company reported that approximately 50% of procurement packages have been awarded and detailed engineering is 30% complete. Total capital costs are estimated at $430 million, inclusive of contingency, owner’s costs, and spares, with expenditures for the current phase guided between $140 million and $160 million. The refurbishment aims to transition the company from toll milling to an owner-operator model, potentially increasing cash margins by $1,000 to $1,500 per ounce of gold. i-80 Gold Corp. operates in the gold mining industry, developing assets in Nevada.