The high-grade drill results and on-schedule development at Archimedes support the near-term production catalyst (first gold in Q4 2026). The delay of Granite Creek and Cove feasibility studies to Q3 2026 is a minor negative but does not affect the Phase 1 Archimedes timeline. Traders should watch for the Archimedes feasibility study in Q1 2027 and the Lone Tree Plant refurbishment progress as key catalysts.
Price Chart
Executive Summary
i-80 Gold released final high-grade assay results from the completed 2025-2026 infill drill program at the Archimedes underground project, including 16.2 g/t Au over 56.4 meters. The company also extended the timing of feasibility-level technical studies for Granite Creek and Cove underground projects from Q2 2026 to Q3 2026. Archimedes development remains on schedule for first gold in Q4 2026.
Key Facts
- Remaining assay results from the 2025-2026 infill drill program at Archimedes include 16.2 g/t Au over 56.4 meters in hole iAU26-09 and 21.9 g/t Au over 20.2 meters in hole iAU26-11.
- The 2025-2026 drill program at Archimedes was completed on schedule and budget, totaling approximately 8,500 meters across 40 drill holes.
- Archimedes development remains on schedule to achieve first gold in Q4 2026.
- Timing of feasibility-level technical studies for Granite Creek and Cove underground projects extended from Q2 2026 to Q3 2026.
- A new infill drilling program of approximately 55,000 meters across 140 drill holes has commenced at Archimedes in support of a planned feasibility study in Q1 2027.
- As of December 31, 2025, Archimedes hosts an Indicated Mineral Resource of 1.8 million tonnes containing 436,000 ounces of gold grading 7.6 g/t Au and an Inferred Mineral Resource of 4.2 million tonnes containing 988,000 ounces of gold grading 7.3 g/t Au.
Financial Impact
No financial results reported. The PEA outlined an approximate 10-year mine life with average annual gold output of ~100,000 ounces, with an after-tax NPV(5%) of $127 million and after-tax IRR of 23% at $2,175/oz Au (from prior filing referenced in the press release).
Risk Factors
- Delay of Granite Creek and Cove feasibility studies to Q3 2026 suggests potential sequencing or resource allocation challenges.
- Archimedes feasibility study not expected until Q1 2027, leaving uncertainty on reserve conversion and mine plan economics.
- Company remains in exploration stage with no mineral reserves declared under S-K 1300, adding execution risk.
- Permitting for Archimedes below the 5,100-foot level not expected until mid-2027, limiting longer-term expansion visibility.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-291921 |
| Document: d133490d8k.htm | 0001193125-26-291921 |
| Document: 0001193125-26-291921-index-headers.html | 0001193125-26-291921 |
| Document: 0001193125-26-291921-index.html | 0001193125-26-291921 |
| Document: 0001193125-26-291921.txt | 0001193125-26-291921 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $1.50 | awaiting T+60 | — | $1.46 (−2.67%) |
Oct 15, 2026 11d ago | 8-K | $1.53 | awaiting T+60 | — | $1.46 (−4.58%) |
Sep 22, 2026 4w ago | 8-K | $1.87 | awaiting T+60 | — | $1.46 (−21.93%) |
Sep 22, 2026 4w ago | 8-K | $1.87 | awaiting T+60 | — | $1.46 (−21.93%) |
Aug 20, 2026 9w ago | Insider Cluster | $1.81 | awaiting T+60 | — | $1.46 (−19.34%) |
Aug 10, 2026 10w ago | Press Release | $1.66 | awaiting T+60 | — | $1.46 (+12.05%) |
Jul 1, 2026 16w ago | 8-K | $1.45 $1.73 | ▲ +19.31% | ▲ +16.35% | $1.46 (+0.69%) |
Jun 24, 2026 17w ago | 8-K | $1.39 $1.79 | ▲ +28.78% | ▲ +25.05% | $1.46 (+5.04%) |
May 12, 2026 23w ago | 8-K | $0.9800 $0.9140 | ▼ −6.73% | ▼ −11.17% | $1.46 (+48.98%) |
Apr 14, 2026 27w ago | 8-K | — | awaiting T+60 | — | — |
US Market Status
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