Lahontan Gold Corp. Advances Santa Fe Mine Toward 2027 Restart with Proven Production History

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing its Santa Fe Mine project toward a planned restart in early 2027, building on the property's demonstrated production capabilities rather than theoretical potential. The mine previously operated successfully from 1988 to 1995, producing 359,202 ounces of gold and 702,067 ounces of silver through open-pit mining and heap leach processing, which remains the lowest-cost production method for oxide gold deposits.

The mine's closure in 1995 resulted purely from economic factors, as gold prices at $340 per ounce made operations uneconomical at the time. However, the cessation of mining left substantial mineralization in the ground, creating the foundation for Lahontan's current development strategy. The company controls a significant asset with Canadian National Instrument 43-101 compliant Indicated Mineral Resources of 1,539,000 gold equivalent ounces and Inferred Mineral Resources of 411,000 gold equivalent ounces, all pit constrained.

Lahontan CEO Kimberly Ann confirmed the accelerated timeline during a recent interview, stating "We have enough to have mine again now and we're fast tracking it." The company began the permitting process approximately two and a half years ago, recognizing the lengthy timeline required for responsible development. Ann emphasized that the company is "deep in the weeds of it and we'll be breaking ground in early 2027, if not sooner."

The Santa Fe Mine project represents one of four top-tier gold and silver exploration properties Lahontan holds through its U.S. subsidiaries in the mining-friendly Walker Lane region of Nevada. The flagship property spans 26.4 square kilometers and benefits from existing infrastructure and proven processing methods. The company plans to continue advancing the Santa Fe Mine toward production while updating the Preliminary Economic Assessment and drill testing its satellite West Santa Fe project during 2025.

This development has significant implications for the mining industry and investors, as it demonstrates how historical mining operations with proven production records can be revitalized under favorable market conditions. The project's advancement reflects the growing confidence in gold's long-term value proposition and the strategic importance of Nevada's mining jurisdiction. For more technical details, investors can review the Preliminary Economic Assessment available at https://lahontangoldcorp.com.

The restart of the Santa Fe Mine could contribute to domestic gold production and create economic opportunities in the region while showcasing how responsible mining development can reactivate previously productive assets. The project's progression through permitting and toward production will be closely watched as an indicator of the mining sector's ability to bring historical assets back online efficiently and sustainably.