Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is moving forward with plans to restart its past-producing Santa Fe Mine in Nevada, according to a recent CEO.CA interview with CEO Kimberly Ann. The company has been engaged in the permitting process for approximately three and a half years and expects an updated preliminary economic assessment to provide the final engineering details required for its mine permit application. Permitting is targeted for the second quarter of 2027, with construction and a return to production also slated for 2027.
The Santa Fe Mine is the flagship asset within Lahontan’s portfolio of four gold and silver projects located in Nevada’s prolific Walker Lane. The 28.3 km² project is central to the company’s strategy to become a producing miner. As part of its development efforts, Lahontan recently signed a definitive agreement to acquire Emergent Metals Corp. This acquisition would give Lahontan 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. The deal simplifies the company’s ownership structure and consolidates its land position in the region.
In addition to permitting and acquisition activities, Lahontan is conducting exploration drilling at West Santa Fe, aiming to deliver an initial mineral resource estimate by year-end. The company is also advancing financing and engineering plans for the Santa Fe restart. These parallel workstreams are designed to ensure the project is fully funded and technically ready for construction once permits are in hand.
The news matters for investors and the mining industry because it signals progress toward restarting a past-producing mine in a tier-one jurisdiction. Nevada is widely regarded as mining-friendly, and the Walker Lane is a prolific gold and silver belt. A successful restart would contribute to domestic precious metals production and could create economic benefits for the region. For Lahontan, the acquisition of Emergent Metals and the elimination of future payments reduce financial obligations and streamline development.
Lahontan Gold is a Nevada-focused mine development company. Its primary focus is the restart of the Santa Fe Mine, 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.
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