i-80 Gold Advances Lone Tree Plant Refurbishment on Schedule and Budget — i-80 Gold Corp.

Event summary

i-80 Gold's Lone Tree plant refurbishment remains on schedule and budget, with major construction set to begin in Q4 2026.
Approximately 50% of procurement packages have been awarded as of mid-July 2026.
First gold pour is anticipated by year-end 2027, transitioning the company from toll milling to an owner-operator model.
Project capital costs are estimated at $430 million, with expenditures between $140 million and $160 million in 2026.

The big picture

i-80 Gold's refurbishment of the Lone Tree plant is a strategic move to reduce processing costs and increase cash margins by $1,000 to $1,500 per ounce of gold. This initiative aligns with the company's goal of becoming a mid-tier gold producer through a hub-and-spoke regional mining and processing strategy. The project's success could position i-80 Gold as a key player in Nevada's gold mining industry, competing directly with Nevada Gold Mines Inc.

What we're watching

Execution Risk: Whether i-80 Gold can sustain the current pace of demolition and engineering activities without delays.
Cost Management: How effectively the company manages capital expenditures within the projected $430 million budget.
Operational Transition: The impact of transitioning from toll milling to an owner-operator model on processing costs and cash margins.