Project UpdateJul 30, 2026, 09:42 AM
i-80 Gold Lone Tree Plant Refurbishment On Schedule, On Budget
AI Summary
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 on budget. The refurbishment is a key step in transitioning to an owner-operator processing model, expected to reduce processing costs by an estimated $1,000 to $1,500 per ounce of gold. Early works and pre-construction activities are well underway, with major construction anticipated to begin in Q4 2026 and the first gold pour expected in late 2027.
Key Highlights
- Lone Tree Plant refurbishment remains on schedule and on budget.
- Approximately 50% of procurement packages, by value, have been awarded.
- About 40% of project capital has been committed as of mid-July.
- Detailed engineering is approximately 30% complete.
- Major construction is expected to commence in Q4 2026.
- First gold pour is anticipated by late 2027.
- Refurbishment expected to reduce processing costs by $1,000-$1,500 per ounce of gold.
- Total capital cost estimate is $430 million, including contingency.
Price Impact
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