I-80 Gold prioritizes Mineral Point open-pit project in updated Nevada development plan
IAUX•I-80 Gold moved the Mineral Point open pit ahead of Granite Creek in its updated Nevada development plan. The company kept its production target at 150,000 to 200,000 ounces from 2028 and expects Mineral Point to lift output to 400,000 to 500,000 ounces from 2031.
1. Updated project sequence
I-80 Gold moved the Mineral Point open pit ahead of the Granite Creek open pit in its updated Nevada development plan. A March 2025 preliminary economic assessment outlined about 280,000 gold-equivalent ounces of annual production at Mineral Point.
2. Schedule and output targets
The company kept Archimedes underground and the Lone Tree plant refurbishment on schedule. Production mining at Archimedes is expected to start in the fourth quarter of 2026, with Lone Tree construction set for that quarter. The Lone Tree capital estimate remains $430 million, about 10% of its contingency has been used, and first gold pour is targeted for the fourth quarter of 2027. I-80 Gold’s production target remains 150,000 to 200,000 ounces from 2028, rising to 400,000 to 500,000 ounces from 2031 with Mineral Point.
