Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing the past-producing Santa Fe gold and silver mine in Nevada, a jurisdiction that regained the Fraser Institute’s top global mining ranking in 2025. The company’s August 2026 resource update outlined 2.385 million ounces of pit-constrained gold equivalent, a 22% increase from the 2024 estimate. This resource growth underscores the potential of Santa Fe, which benefits from established infrastructure including power, water, and road access, as well as its history as an open-pit, heap-leach operation.
Nevada’s top ranking, supported by strong scores for regulatory stability, taxation, infrastructure, and permitting, provides a favorable environment for mining development. Lahontan is now pursuing Nevada state permitting for a Phase One oxide mine plan, while simultaneously updating its economic assessment to incorporate sulfide resources. Construction is targeted for 2027, marking a clear near-term path to production.
The company controls four gold and silver properties in Nevada’s Walker Lane, one of the world’s most productive and mining-friendly regions. Three of these properties are 100%-owned, and one is controlled via a low-cost option to acquire full ownership. With a focus on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects, Lahontan is positioning itself as a notable player in the Nevada mining sector.
For investors, the resource increase and permitting progress could signal potential value creation. The Santa Fe project’s existing infrastructure may reduce capital expenditures and shorten the timeline to production, enhancing project economics. As Nevada continues to attract mining investment, Lahontan’s advancements could contribute to the state’s mining output and economic activity.
Lahontan Gold is a Canadian mine development and exploration company. 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.
MiningNewsWire, a specialized communications platform focused on the global mining and resources sectors, is one of 75+ brands within the Dynamic Brand Portfolio at IBN. It delivers access to a vast network of wire solutions via InvestorWire, article and editorial syndication to 5,000+ outlets, enhanced press release enhancement, and social media distribution to millions of followers. For more information, visit MiningNewsWire. 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.
