Curated News
By: NewsRamp Editorial Staff
October 13, 2026
Lahontan Gold Advances Nevada Santa Fe Mine with 2.385 Moz Resource
TLDR
- Lahontan Gold's Santa Fe mine offers 2.385 million ounces of gold equivalent, a 22% increase, positioning investors to capitalize on Nevada's top-ranked mining jurisdiction.
- Lahontan Gold is advancing the Santa Fe mine through state permitting for a Phase One oxide plan while updating economic assessments to include sulfide resources, targeting 2027 construction.
- Lahontan Gold's development of the Santa Fe mine in Nevada supports local jobs and responsible resource extraction, contributing to economic growth and community development.
- Nevada regained the Fraser Institute's top global mining ranking in 2025, and Lahontan Gold's Santa Fe mine is a past-producing operation with existing infrastructure.
Impact - Why it Matters
This news matters because it highlights the continued attractiveness of Nevada as a top-tier mining jurisdiction, which can lead to economic growth and job creation in the region. Lahontan’s progress toward production at Santa Fe demonstrates the potential for revitalizing past-producing mines, offering investors a near-term opportunity in a stable, mining-friendly environment. As gold and silver prices remain volatile, projects with existing infrastructure and clear permitting pathways, like Santa Fe, could provide significant value and contribute to domestic resource independence.
Summary
Lahontan Gold (TSX.V: LG) (OTCQB: LGCXF) is making significant strides in advancing its past-producing Santa Fe gold and silver mine in Nevada, a jurisdiction that reclaimed the Fraser Institute’s top global mining ranking in 2025, thanks to high marks for regulatory stability, taxation, infrastructure, and permitting. The project benefits from established infrastructure—power, water, and road access—and an existing open-pit, heap-leach operation. In August 2026, Lahontan released an updated resource estimate showing 2.385 million ounces of pit-constrained gold equivalent, a 22% increase over the 2024 estimate. The company is now focused on securing Nevada state permitting for a Phase One oxide mine plan while updating its economic assessment to include sulfide resources, with construction targeted for 2027.
Lahontan Gold is a Canadian mine development and exploration company with a portfolio of gold and silver assets in Nevada’s prolific Walker Lane. Through its U.S. subsidiaries, it controls four properties—three fully owned and one under a low-cost option. The company is committed to unlocking oxide gold and silver value from these infrastructure-rich, past-producing sites. For more details, visit www.LahontanGoldCorp.com. The latest updates are available in the company’s newsroom at http://ibn.fm/LGCXF.
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Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Advances Nevada Santa Fe Mine with 2.385 Moz Resource
