i-80 Gold (IAUX) announces that it 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, U.S., Archimedes 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 processing facility. Archimedes is expected to begin contributing to production in the fourth quarter of 2026.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IAUX: