--- title: "i-80 Gold advances Ruby Hill drilling and development" type: "News" locale: "en" url: "https://longbridge.com/en/news/291443990.md" description: "i-80 Gold Corp announced successful infill drilling at its Ruby Hill Archimedes project, delivering high-grade gold intercepts and confirming expanded mineralization. The campaign supports plans for a 2026 mining start to supply the Lone Tree plant. Development remains on budget and schedule, with first gold targeted for Q4 2026. A new 55,000-meter drilling phase is underway to upgrade resources. Analyst ratings are mixed, with TipRanks suggesting a Buy but AI analysis citing weak financials." datetime: "2026-07-01T16:27:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/291443990.md) - [en](https://longbridge.com/en/news/291443990.md) - [zh-HK](https://longbridge.com/zh-HK/news/291443990.md) --- # i-80 Gold advances Ruby Hill drilling and development ### End of Quarter Sale - 70% Off - Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. - Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. An announcement from i-80 Gold Corp ( (TSE:IAU) ) is now available. i-80 Gold reported on June 25, 2026, that its 2025-2026 infill drilling campaign in the upper 426 zone of the Archimedes Underground Project at Ruby Hill delivered additional high-grade gold intercepts, including 16.2 grams per tonne over 56.4 meters, confirming wide, continuous mineralization and expanding beyond the current resource model. The campaign, totaling about 8,500 meters across 40 holes and completed on schedule in April 2026, also outlined significant oxide intervals that could offer lower-cost processing options, supporting plans to start mining in 2026 and eventually supply the refurbished Lone Tree plant, even as feasibility study timelines for Granite Creek and Cove were pushed to the third quarter of 2026 and Archimedes’ feasibility work advances toward 2027. i-80 Gold said development of Archimedes remains on budget and on schedule, with first gold targeted for the fourth quarter of 2026 and existing permits covering mining above the 5,100-foot level while permitting for deeper zones progresses toward an expected mid-2027 completion. A new 2026 drilling phase of roughly 55,000 meters in the lower 426 and Ruby Deeps zones is underway using up to seven underground rigs to upgrade and expand resources, refine the oxide-sulfide boundary, and underpin an updated mine plan and feasibility study that aim to secure long-term feed for the Lone Tree plant and reinforce the company’s growth profile in northeastern Nevada. The most recent analyst rating on (TSE:IAU) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on i-80 Gold Corp stock, see the TSE:IAU Stock Forecast page. **Spark’s Take on IAU Stock** According to Spark, TipRanks’ AI Analyst, IAU is a Neutral. The score is primarily held back by weak financial performance (persistent losses, cash burn, and increased leverage). Technicals also lean negative with the stock trading below key short-to-mid-term moving averages and a negative MACD. The earnings call provides a partial offset due to strong liquidity and clear, funded growth execution plans with improving revenue/gross profit, while valuation remains constrained by negative earnings and no dividend support. To see Spark’s full report on IAU stock, click here. **More about i-80 Gold Corp** i-80 Gold Corp. is a Nevada-focused gold mining and development company listed on the NYSE and TSX, with a portfolio centered on underground deposits such as Archimedes, Granite Creek and Cove. The company’s strategy is to build a long-life production base by feeding multiple high-grade underground mines into its Lone Tree processing complex, including both oxide and sulfide circuits, while also utilizing third-party toll milling in the interim. **Average Trading Volume:** 1,580,140 **Technical Sentiment Signal:** Buy **Current Market Cap:** C$1.77B Learn more about IAU stock on TipRanks’ Stock Analysis page. ### Related Stocks - [IAUX.US](https://longbridge.com/en/quote/IAUX.US.md) - [IAUX+.US](https://longbridge.com/en/quote/IAUX+.US.md) ## Related News & Research - [i-80 Gold Provides Update on Lone Tree Plant Refurbishment; Project Remains on Schedule and on Budget | IAUX Stock News](https://longbridge.com/en/news/294046982.md) - [i-80 Gold says Lone Tree plant refurbishment stays on schedule, targets first gold pour in late 2027](https://longbridge.com/en/news/294376132.md) - [WTM: Aggressive drilling at a major NSW gold discovery is unlocking multi-million-ounce potential](https://longbridge.com/en/news/294748786.md) - [Minnova reports high-grade drill results at Manitoba PL Gold Mine as restart plans advance](https://longbridge.com/en/news/294250927.md) - [1911 Gold reports 36.44 g/t gold intercept at new Baker target at True North project](https://longbridge.com/en/news/294354610.md)