Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is moving forward with plans to restart its past-producing Santa Fe Mine in Nevada, with CEO Kimberly Ann outlining key development milestones and a targeted 2027 construction timeline during a recent CEO.CA interview. The company has been working through the permitting process for approximately three and a half years and expects an updated preliminary economic assessment to provide the final engineering details needed for its mine permit application, with permitting targeted for the second quarter of 2027.
The timeline is significant for investors because it provides a clearer path to potential production. The Santa Fe Mine, located in Nevada’s prolific Walker Lane, was previously a producing operation, and a restart could generate near-term cash flow in a stable mining jurisdiction. The company’s focus on permitting and engineering demonstrates a methodical approach to de-risking the project, which is crucial for securing financing and maintaining stakeholder confidence.
In a separate but related move, Lahontan recently signed a definitive agreement to acquire Emergent Metals Corp., which would give it full ownership of the West Santa Fe project, eliminate approximately $1.73 million in future payments and certain royalty obligations, and add the adjoining New York Canyon project. This acquisition consolidates the company’s land position in the district and simplifies its ownership structure, potentially enhancing the economics of the Santa Fe restart. The elimination of future payments and royalties reduces financial obligations, which could improve project viability and free up capital for development.
Meanwhile, Lahontan is conducting exploration drilling at West Santa Fe, targeting an initial mineral resource estimate by year-end, while advancing financing and engineering plans for the Santa Fe restart. Exploration success at West Santa Fe could add to the company’s resource base and support future growth, making the company more attractive to investors. The dual focus on exploration and development underscores Lahontan’s strategy to build a comprehensive gold-silver business in Nevada.
For more details on the company’s plans, visit https://ibn.fm/w6doX. Lahontan Gold is a Nevada-focused mine development company advancing a portfolio of four gold and silver projects in mining-friendly Nevada’s prolific Walker Lane. The company’s primary focus is the restart of its flagship, the 28.3 km² Santa Fe Mine project, with a targeted return to production in 2027. For more information, visit the company’s website at www.LahontanGoldCorp.com.
The latest news and updates relating to LGCXF are available in the company’s newsroom at http://ibn.fm/LGCXF. This announcement is disseminated by MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors, which is part of the Dynamic Brand Portfolio at IBN. IBN provides wire solutions via InvestorWire and editorial syndication to 5,000+ outlets, among other services.
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer.
