Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF)
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Current Initiatives
- Advancing the Santa Fe Mine toward production through ongoing engineering, permitting, and environmental baseline studies targeting a return to production in 2027.
- Growing the Santa Fe resource with continued exploration focused on expanding near surface oxide gold mineralization and increasing the project’s mine life and overall economics.
- Completing key technical studies, including an updated Mineral Resource Estimate and Preliminary Economic Assessment (PEA), to further define project economics and development plans.
- Advancing the West Santa Fe Project, where recent drilling has identified high-grade oxide gold mineralization with the potential to become a satellite deposit that could complement future operations at Santa Fe.
- Evaluating additional value opportunities, including historical heap-leach pads and other near-mine targets that may provide low-cost production upside.
Investment Considerations
- Near-term production pathway: Lahontan is transitioning from exploration to mine development, with a targeted restart of gold production at the Santa Fe Mine in 2027.
- Large, expandable oxide gold resource: The Company hosts nearly 2 million ounces of gold equivalent resources with significant upside through ongoing drilling and resource expansion.
- Nevada jurisdiction: Santa Fe is located in Nevada’s Walker Lane trend, one of the world’s premier mining jurisdictions with established infrastructure and a long history of successful gold production.
- Past-producing asset: Existing infrastructure, historical mining data, and previous heap-leach operations reduce technical risk compared to many greenfield exploration projects.
- Multiple value catalysts: Investors can expect a steady flow of news from exploration results, permitting milestones, technical studies, updated resource estimates, and economic assessments.
- Experienced leadership: Lahontan’s management and technical team has extensive experience discovering, financing, permitting, developing, and operating successful mining projects.
- Strong leverage to gold prices: As a large oxide gold development project approaching production, Lahontan offers meaningful exposure to higher gold prices while continuing to add value through exploration success.
Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is a Nevada-focused mine development and mineral exploration company advancing its flagship Santa Fe Mine toward a targeted return to production in 2027. Located in Nevada’s prolific Walker Lane, one of the world’s premier gold jurisdictions, Santa Fe is a past-producing open-pit, heap-leach gold-silver mine with excellent existing infrastructure and significant expansion potential.
The Company’s NI 43-101 Mineral Resource Estimate outlines 1.539 million ounces of gold equivalent (Indicated) and 411,000 ounces of gold equivalent (Inferred), establishing Santa Fe as one of the largest undeveloped oxide gold projects in Nevada. Recent exploration drilling has continued to expand mineralization while identifying new near-surface oxide gold zones with strong potential to further enhance future mine economics.
Lahontan has entered an important phase of project advancement, with environmental baseline studies, permitting activities, metallurgical optimization, engineering work, and resource expansion programs progressing simultaneously. The Company also continues to unlock additional value through exploration at the nearby West Santa Fe satellite project and evaluation of historical heap-leach pads for potential residual gold and silver recovery.
Backed by an experienced management and technical team with a proven history of discovering, developing, financing, and operating successful mining projects, Lahontan is executing a clear strategy to transition from exploration to production. With a strong treasury, active drilling programs, and multiple near-term catalysts including an updated Mineral Resource Estimate, Preliminary Economic Assessment, ongoing permitting milestones, and continued exploration success Lahontan is positioned to become Nevada’s next oxide gold producer.
Projects
Santa Fe Mine Project
- The Santa Fe Mine Project is Lahontan Gold Corp.’s flagship asset and is located in Nevada’s highly prospective Walker Lane gold belt. A past-producing open-pit, heap-leach gold-silver operation, Santa Fe historically produced more than 359,000 ounces of gold and 702,000 ounces of silver, providing valuable infrastructure, geological understanding, and a proven mining history.
- Today, Lahontan is advancing Santa Fe toward a targeted return to production in 2027 through engineering studies, environmental baseline work, permitting, and continued resource growth. The project hosts a large oxide gold resource with excellent potential for expansion through ongoing drilling and optimization.
West Santa Fe Project
- Located approximately 13 kilometers southwest of the Santa Fe Mine, the West Santa Fe Project represents Lahontan’s primary exploration growth opportunity. Recent drilling has confirmed broad intervals of near-surface oxide gold mineralization, demonstrating the potential for a significant satellite deposit.
- Exploration at West Santa Fe is focused on expanding known mineralization, identifying additional high-grade zones, and evaluating opportunities to complement future production at the Santa Fe Mine. The project’s proximity to Santa Fe provides potential operational synergies while offering meaningful resource growth potential.
Market Opportunity
Lahontan Gold operates in Nevada, consistently ranked the top global mining jurisdiction by the Fraser Institute due to its transparent permitting process, legal stability, and established infrastructure. Nevada produces over 4.5 million ounces of gold annually, generating approximately $9 billion in value, and ranks fifth globally in total gold production.
According to the World Gold Council, total gold demand in Q1 2025 reached 1,206 tonnes, up 1% year-over-year, marking the strongest first quarter since 2016. Central banks added 244 tonnes to reserves, a slight slowdown from the prior quarter but well within the strong buying range observed over the past three years. Meanwhile, silver demand is supported by strong industrial usage in solar panels, electric vehicles, and semiconductors, with long-term deficits forecast in the physical silver market.
With macro-driven demand for gold, technology-driven silver consumption, and strong institutional buying across both metals, Lahontan is uniquely positioned to capitalize through its portfolio of oxide-focused projects in a top-tier jurisdiction—offering near-term production potential and longer-term resource expansion.
Leadership Team
Kimberly Ann, Founder, CEO, President & Executive Chair, is a veteran mining executive with a track record of founding and scaling junior resource companies. She has raised over $210M in financing and led the $340M buyout of Prodigy Gold. Her prior roles include CFO of PPX Mining and founder of Latin America Resource Group, which merged with Carube Copper to form C3 Metals.
Brian Maher, Founder and VP of Exploration, is an economic geologist with more than 45 years of experience. He previously led Prodigy Gold as CEO, where he helped develop the Magino gold project before its $341M acquisition. His career includes senior roles at ASARCO, Hochschild Mining, and PPX Mining, where he oversaw exploration and production in the Americas.
John McNeice, Chief Financial Officer, is a Chartered Professional Accountant with three decades of experience in public company reporting. He has served as CFO for seven public resource companies and played a key role in Ur-Energy Inc.’s TSX IPO and $150M in financings. He also serves as CFO for Gold79 Mines, C3 Metals, and Northern Graphite Corp.
