I-80 Gold (TSX: IAU; NYSE-A: IAUX) is building a Nevada hub-and-spoke complex anchored by a refurbished Lone Tree autoclave as it targets roughly 600,000 oz. of annual gold production by the turn of the decade, CEO Richard Young said.
The plan is to use the company’s large resource base across five brownfield assets in Nevada. Granite Creek is producing, with underground development advancing at the Archimedes deposit on the Ruby Hill property, roughly 275 km from Reno.
“Having our own autoclave lets us monetize the refractory underground deposits rather than rely on costly toll milling,” Young said last month during the Mining Forum Americas in Colorado Springs, Colo.
The autoclave is one of only two such facilities run by a Nevada operator. Engineering on the refurbishment is expected to achieve first processing in 2028 under a staged build. Management forecasts 30,000 to 40,000 oz. this year as Granite Creek ramps up and heap-leach ounces from Ruby Hill and Lone Tree supplement output.
Watch the full chat below with The Northern Miner’s Western Editor, Henry Lazenby.
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