i-80 Gold Corp. — Form 8-K

i-80 Gold reports the Lone Tree autoclave plant refurbishment in Nevada is progressing on schedule and on budget. As of mid-July 2026, ~50% of procurement packages ($-value unspecified) are awarded, ~40% of capital committed against total $430M estimate (12% contingency included), with detailed engineering ~30% complete. Major construction starts Q4 2026; first gold pour expected late 2027. Once operational, the refurbished facility is projected to reduce processing costs and increase margins by $1,000–$1,500/oz gold depending on grade and gold price, transitioning the company from toll milling to owner-operator model.