Early-stage development is currently underway at the site, with demolition of legacy components and procurement of new equipment proceeding as planned. Approximately 50% of procurement packages have been awarded, and the project has maintained financial discipline with nearly 40% of capital committed by mid-July. The total capital expenditure for the refurbishment is estimated at $430 million, aligning with the company's December 2025 engineering study.
i-80 Gold Advances Lone Tree Plant Refurbishment in Nevada
Construction at the Lone Tree processing facility remains on schedule and within budget, marking a pivotal shift for i-80 Gold as it moves toward an owner-operator model. The company expects to begin major construction in the fourth quarter of 2026, aiming for an initial gold pour by the end of 2027.
Once completed, the Lone Tree plant will serve as the central processing hub for the company's Nevada-based underground mines. By transitioning away from toll milling, i-80 Gold anticipates significant improvements to its operating margins, projecting an increase of $1,000 to $1,500 per ounce of gold depending on price and ore grade. Paul Chawrun, Executive Vice President and COO, noted that the project remains a low-risk initiative backed by a management team with extensive experience in autoclave facility operations.
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