🟢 i-80 Gold is trading 5.1% up today on $1,500/oz processing cost reduction at Lone Tree

i-80 Gold is trading 5.1% up at $1.33 after the company provided an update on advancing early works at its Lone Tree autoclave and CIL plant in Nevada.

• The update highlighted a significant operational milestone with a projected reduction in processing costs of approximately $1,500 per ounce.
• The stock is notably outperforming the broader materials sector, which is currently seeing general weakness.
• Investors are reacting positively to the cost-cutting progress, which is viewed as a key driver for the company's long-term margin improvement.