Dec. 31 at 5:28 PM
$IAUX i-80 Gold Corp. (NYSE-A: IAUX) (TSX: IAU) has announced refurbishment plans for its Lone Tree Plant in Northern Nevada with a capital cost estimate of
$412 million , plus
$18 million in capital spares, featuring nameplate capacity of 2,268 tonnes per day with integrated pressure oxidation and carbon-in-leach circuits. The engineering study highlights a potential short payback period of 12 to 24 months depending on grade and gold price, with commissioning anticipated at the end of 2027.
"The Lone Tree Plant is a cornerstone asset within phase one of i-80 Gold's development plan," said Richard Young , President and CEO. "Refurbishing the Lone Tree Plant marks a major step forward in our goal of creating a mid-tier gold producer by enabling us to transition from toll-milling to an owner-operator processing model. This change is expected to significantly increase margins and free cash flow generation."