ISHARES GOLD TRUST (IAU) Company Report

Analyst Coverage

Research analysts covering ISHARES GOLD TRUST.

Recent press releases and 8-K filings for IAU.

i-80 Gold Provides Lone Tree Refurbishment Update and Financing Plan

IAU

New Projects/Investments

Debt Issuance

i-80 Gold provided an update on the refurbishment of its Lone Tree plant, which is a cornerstone asset central to its hub-and-spoke mining and processing strategy in northern Nevada.
The total estimated capital cost for the project is $430 million, inclusive of a 12% contingency and $18 million in capital spares.
The plant's autoclave is designed to process up to 2,268 metric tons per day (2,500 imperial tons), delivering a total annual throughput of approximately 827,800 metric tons at 85% plant availability.
Construction is targeted to begin in the second half of 2026, with plant commissioning anticipated towards the end of 2027.
The company is advancing a recapitalization plan, including senior debt, a royalty sale, and a non-core asset sale, and expects to secure funding by the end of Q2 2026 or earlier.

4 days ago

i-80 Gold Provides Lone Tree Refurbishment Update

IAU

New Projects/Investments

Debt Issuance

Guidance Update

i-80 Gold provided an update on the refurbishment of its Lone Tree plant, a cornerstone asset for processing high-grade refractory and oxide feed, which is expected to improve margins by between $1,000 and $1,500 per ounce of gold.
The total estimated capital cost for the project is $430 million, which includes $412 million (inclusive of a 12% contingency) and $18 million in capital spares.
The plant is designed to process up to 2,268 metric tons per day (2,500 imperial tons). Early works commenced in Q3 2025, with a construction decision expected by mid-2026 or sooner, and plant commissioning anticipated towards the end of 2027.
The company is advancing a recapitalization plan to fund the project, including senior debt, a royalty sale, and a non-core asset sale, with funding expected by the end of Q2 2026 or earlier.
The company projects gold production to rise from less than 50,000 ounces in the current year to over 600,000 ounces by the time phase three is completed in the early 2030s.

4 days ago

i-80 Gold Updates on Lone Tree Refurbishment and Financing Plan

IAU

New Projects/Investments

Debt Issuance

Guidance Update

i-80 Gold provided an update on the Lone Tree plant refurbishment, a cornerstone asset for its hub-and-spoke mining strategy, which is expected to improve margins by $1,000 to $1,500 per ounce of gold and drive stronger free cash flow once commissioned.
The total estimated capital cost for the project is $430 million, including $412 million for the refurbishment (inclusive of 12% contingency, owner's cost, and first fills) and $18 million for capital spares.
The project timeline anticipates construction to begin in the second half of 2026, with plant commissioning expected towards the end of 2027. A construction decision is contingent on securing necessary financing by mid-2026 or sooner.
The company is advancing a recapitalization plan to fund development and restructure approximately $200 million in existing debt, involving senior debt, a royalty sale, and a non-core asset sale, with funding expected by the end of Q2 2026 or earlier.
The Lone Tree plant's autoclave is designed to process up to 2,268 metric tons per day (2,500 imperial tons) of sulfide ore from its three underground mines, with oxide ore processed during maintenance outages.