Each one in plain English, with the numbers worked through for a shareholder.
1 July 2026drilling result● NeutralMajor
i-80 Gold reported further strong Archimedes infill assay results (including 16.2 g/t gold over 56.4 metres) as development remains on schedule for first gold in Q4 2026, but pushed back the feasibility-level studies for Granite Creek Underground and Cove Underground by a quarter, from Q2 to Q3 2026.
New Archimedes assay results (including 24.6 g/t gold over 23.6 metres) confirmed continuity of high-grade mineralization; the project's resource has grown substantially since its February 2025 PEA to 436koz indicated at 7.6 g/t and 988koz inferred at 7.3 g/t, with construction proceeding on schedule.
New assay results from 40 drill holes at Granite Creek Underground reinforced the case for expanding the deposit north and at depth, building on its existing 261koz measured-and-indicated resource at 10.5 g/t gold.
i-80 Gold published a first resource estimate for its non-core FAD property: a high-grade polymetallic deposit (indicated 86koz gold, 4.0Moz silver plus lead and zinc; inferred 446koz gold, 16.6Moz silver plus more lead and zinc) that also carries meaningful critical-metal by-products (gallium, indium, antimony, tin) in its zinc concentrate.
i-80 Gold received its construction permits and broke ground on Archimedes, its second planned underground mine, targeting first gold in Q4 2026; the company laid out a three-phase development plan aiming for 600,000 oz/year of gold output by the early 2030s across its five Nevada projects.
i-80 Gold released the first wave of its "hub-and-spoke" economic case: an updated Cove PEA (after-tax NPV $271M, 30% IRR, 100koz Au/yr), a first Archimedes underground PEA (NPV $127M, 23% IRR, 100koz Au/yr), and a first Mineral Point open-pit PEA (NPV $614M, 12% IRR, ~280koz gold-equivalent/yr, flagged as the portfolio's likely flagship) - laying out the economics behind a plan to feed several mines into the central Lone Tree autoclave.