Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has released an updated Preliminary Economic Assessment (“PEA”) for its flagship Santa Fe Mine in Nevada’s Walker Lane, projecting estimated net cash flow of US$1.68 billion before taxes and US$1.32 billion after taxes over an 11-year active mine life. The study, dated October 14, 2026, also outlines a post-tax net present value at a 5% discount rate of US$820 million and an internal rate of return of 40.1% at base-case prices of US$3,600 gold and US$49 silver.
The PEA indicates that output steps up to roughly 112,500 gold-equivalent ounces per year from Year 4 through Year 11, with four years of the plan topping 120,000 ounces. The projections arrive as gold holds over US$4,100 an ounce through mid-October, a level few mine plans were built around. However, higher prices do not produce new ounces on their own; new mines take years to permit, finance and build, and projects best placed to benefit are those with credible production plans, defined capital requirements and economics that can withstand a retreat in metal prices.
Nevada accounted for about 64% of U.S. gold mine production in 2025, according to the U.S. Geological Survey, underscoring the strategic location of the Santa Fe Mine. The Walker Lane trend is a prolific gold belt, and Lahontan’s dual listing on the TSX Venture Exchange and OTCQB provides access to both Canadian and U.S. investors. The company’s newsroom at ibn.fm/LGCXF offers the latest updates relating to LGCXF.
The announcement was disseminated on behalf of Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) and may include paid advertising. The full story is available via Read More>>.
For readers, the PEA provides a detailed economic framework that can be used to assess the project’s potential. The after-tax NPV of US$820 million and IRR of 40.1% at US$3,600 gold highlight robust economics even below current spot prices. The plan’s ability to generate significant cash flow over an 11-year mine life could appeal to investors seeking exposure to gold production in a stable jurisdiction. The project’s development timeline and capital requirements, while not fully detailed in the release, will be critical factors in moving toward production.
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