Curated News
By: NewsRamp Editorial Staff
August 21, 2025
Lahontan Gold Revives Nevada Santa Fe Mine with 2027 Production Target
TLDR
- Lahontan Gold Corp. offers investors a strategic advantage by restarting the proven Santa Fe Mine with existing infrastructure and low-cost heap leach processing for gold and silver.
- Lahontan Gold Corp. is advancing the Santa Fe Mine through permitting and development, targeting production startup in early 2027 using established open-pit mining methods.
- Lahontan Gold Corp.'s responsible mine development creates economic opportunities and utilizes efficient processing methods to minimize environmental impact while producing essential metals.
- The Santa Fe Mine previously produced over 359,000 ounces of gold before closing in 1995, leaving substantial mineralization for Lahontan Gold Corp. to develop.
Impact - Why it Matters
This news is significant because it highlights the resurgence of a previously productive gold mine in a mining-friendly jurisdiction like Nevada, which could contribute to global gold supply amid fluctuating prices and economic uncertainty. For investors, it represents a tangible opportunity in the junior mining sector, with a company leveraging historical data and existing infrastructure to reduce development risks and timelines. The project's advancement could also create jobs and stimulate local economies, while its success might signal a broader trend of revisiting past-producing mines as gold prices remain elevated compared to the 1990s. Environmentally, the use of heap leach processing—a lower-cost method—emphasizes efficiency, though it must be managed responsibly to avoid ecological impacts, making Lahontan's commitment to proper permitting crucial for sustainable development.
Summary
Lahontan Gold Corp. (TSX.V: LG, OTCQB: LGCXF) is poised to revitalize the Santa Fe Mine in Nevada, leveraging its competitive advantage of controlling an asset with proven 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 cost-effective open-pit mining and heap leach processing before closing due to unfavorable gold prices at $340 per ounce. This cessation left substantial mineralization in place, forming the foundation for Lahontan's current development strategy under CEO Kimberly Ann, who emphasizes fast-tracking responsible operations with plans to break ground by early 2027.
The company's flagship Santa Fe Mine project boasts a Canadian NI 43-101 compliant Indicated Mineral Resource of 1,539,000 gold equivalent ounces and an Inferred Resource of 411,000 gold equivalent ounces, all pit-constrained. Lahontan Gold Corp. aims to advance the project toward production, update its Preliminary Economic Assessment, and drill test the satellite West Santa Fe project in 2025, as detailed in their technical report available on the company's website and SEDAR+. For more insights, readers can explore the full article at https://ibn.fm/XfAUG or visit the InvestorBrandNetwork for additional context on this developing story.
MiningNewsWire, part of the Dynamic Brand Portfolio at IBN, provides extensive coverage and distribution for such mining sector developments, ensuring broad reach through wire solutions, editorial syndication, and social media. This platform highlights why Lahontan's progress matters to investors and industry stakeholders, offering a clear view of the project's potential and timelines without overhyping unverified facts.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Lahontan Gold Revives Nevada Santa Fe Mine with 2027 Production Target
