Archimedes Project Receives All Required Construction Permits

RENO, NV – i-80 Gold Corp. has received all required permits and commenced construction at the Archimedes project as planned. The environmental permits secured from both the Nevada Division of Environmental Protection and the Bureau of Land Management allow the Company to proceed with underground mining activities. Located on the Ruby Hill property in Nevada Archimedes. It is the Company’s second planned underground mine and lies approximately 180 kilometers from the Company’s wholly owned Lone Tree autoclave and carbon-in-leach (CIL) processing facility. Archimedes is expected to begin contributing to production in the fourth quarter of 2026.
“The receipt of permits and commencement of construction at Archimedes marks a major milestone for i-80 Gold as we advance Phase One of our growth strategy in Nevada; Phase One is expected to increase annual gold output from less than 50,000 ounces to a target range of 150,000 to 200,000 ounces of gold by 20281,” stated Richard Young, President & CEO. “We are excited about the exploration potential at Archimedes. The lower zone remains open to the north and south, offering substantial exploration potential that we believe can extend the current 10-year mine life. We have accelerated the infill drill program covering both the upper and lower zones to support a feasibility study anticipated in the first quarter of 2027, ahead of the original timeline included in the preliminary economic assessment.”