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i-80 Gold Corporation Updates on New Development Strategy

On July 8, 2025, i-80 Gold Corp. (TSX: IAU; NYSE American: IAUX) provided a comprehensive update detailing the advancement of its new development plan, which aims to position the company as a prominent mid-tier gold producer within the Nevada mining landscape. The strategy includes several essential elements and updates to specific projects that signify a pivotal point in the company’s operations.

Overview of the Development Plan

The new development plan emphasizes a structured approach to accelerate the progress of i-80 Gold's various gold projects situated in Nevada, one of the most prolific gold-producing regions in the world. As part of this initiative, the company released Preliminary Economic Assessments (PEAs) for five key projects in the first quarter of 2025. The team's actions now involve advancing permitting processes, technical evaluations, and focused development work across its diverse portfolio.

Strategic Progress on Key Projects

Granite Creek Underground

Granite Creek stands out as i-80's inaugural gold operation. The mine is currently in the process of ramping up to achieve steady production levels. An innovative hydrogeological model has been implemented for proactive management of underground water, alongside infrastructure developments aimed at enhancing dewatering processes.

Infill drilling in the South Pacific Zone has already commenced, with plans for over 40 holes totaling approximately 14,000 meters to gather critical geological data. Furthermore, a feasibility study is underway, with an updated mineral resource estimate set to reflect insights gleaned from ongoing drilling activities. This study, although delayed, is expected to be completed by the first quarter of 2026.

Lone Tree Autoclave Processing Facility

The Lone Tree facility is undergoing optimization efforts to enhance its operational effectiveness. Collaborating with Hatch Ltd., known for its expertise in autoclave technology, i-80 aims to deliver a revised feasibility study by the end of 2025. This update will integrate fresh engineering insights and financial estimates pertinent to the refurbishment initiatives of the facility, ultimately accelerating the timeline for development and production.

Archimedes Underground at Ruby Hill

The second planned underground mine, Archimedes, is nearing final stages of permitting, with anticipated approvals by the third quarter of 2025. This permitting process is particularly focused on mining activities above the 5100-foot elevation. Surface infrastructure construction has already been completed, setting the stage for initial underground exploration and infill drilling, expected to propel the project into production by late 2026 or early 2027.

Cove Underground

As i-80's third underground project, Cove's infill drilling phase has been successfully completed, and feasibility work is now active, aiming for a study completion in the first quarter of 2026. The company is also diligently collaborating with the Bureau of Land Management to align environmental permitting activities.

Granite Creek and Mineral Point Projects

In addition to the underground operations, Granite Creek Open Pit is undergoing technical evaluations to transition toward pre-feasibility or feasibility studies, while the Mineral Point oxide heap leach project is in its early stages, slated for a significant boost in production anticipated for the second half of 2031.

Conclusion

i-80 Gold Corp's commitment to advancing its development plan reveals a well-thought-out strategy aimed at establishing a solid foundation for growth in the Nevada gold sector. As the company moves forward with ongoing projects and strategic partnerships, it remains focused on maximizing its production capabilities and shareholder value. By leveraging its high-grade resources and operational efficiencies, i-80 Gold is on track to redefine its role within the gold mining industry, while proactively managing risks and embracing opportunities for sustainable development.