Lahontan Gold Announces Updated Santa Fe Preliminary Economic Assessment Featuring an Eleven-Year Mine Life and Post-Tax NPV5 of US$820 Million
Original announcement by orestocks on
- Company
- Lahontan Gold Corp.
- Ticker
- LG.V
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-10-14 15:19:12 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lahontan Gold announced highly positive results from an updated Preliminary Economic Assessment (PEA) for its Santa Fe Mine gold-silver project in Nevada. The PEA outlines a post-tax NPV5 of US$820 million and an IRR of 40.1%, representing a fourteen-fold increase from the prior 2024 PEA, based on base-case metal prices of US$3,600/oz gold and US$49/oz silver. The project projects an 11-year mine life with average annual production of approximately 91,900 gold-equivalent ounces and initial capital costs of US$172.0 million.
Reasoning: The updated Preliminary Economic Assessment for the Santa Fe Mine project shows significantly improved economics, with a post-tax NPV5 of US$820 million and an IRR of 40.1%, representing a fourteen-fold increase from the previous PEA. This is driven by higher metal prices and the inclusion of sulfide resources, although the study remains preliminary and includes Inferred resources.
Positive factors
- Post-tax NPV5 of US$820 million and IRR of 40.1% demonstrates strong project economics.
- NPV5 increased more than fourteen-fold compared with the 2024 PEA.
- Projected LOM net cash flow of US$1.68 billion before taxes.
- Manageable initial capital requirements of US$172.0 million with a 3.7-year payback period.
- Significant upside sensitivity to higher metal prices, with NPV5 increasing to US$1.13 billion at spot prices.
- NI 43-101 compliant study by reputable consultants.
- Average annual production of approximately 91,900 gold-equivalent ounces.
Negative factors
- PEA is preliminary in nature and includes Inferred Mineral Resources, which are considered too speculative for economic considerations.
- No Mineral Reserves have been defined for the project.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 23
Classification and evidence
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 22. Some facts used in scoring do not have a stored record.
Resource Estimates (20)
indicatedSanta Fe Mine · goldTonnes: 10000000Grade: 0.65Grade Unit: g/tContained Metal: 209Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:ef51e97cf311af8192db
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 0.65
- Grade Unit
- g/t
- Contained Metal
- 209
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated oxide gold resource of 10 Mt at 0.65 g/t Au contributes to the project's economic assessment.
Positive factors
- Indicated resource category provides reasonable geological confidence.
Evidence · table
“0.65”
Context: 10,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · silverTonnes: 10000000Grade: 5Grade Unit: g/tContained Metal: 1608Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:ef51e97cf311af8192db
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- indicated
- Tonnes
- 10000000
- Grade
- 5
- Grade Unit
- g/t
- Contained Metal
- 1608
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated oxide silver resource of 10 Mt at 5.00 g/t Ag contributes to the project's economic assessment.
Positive factors
- Indicated resource category provides reasonable geological confidence.
Evidence · table
“5.00”
Context: 10,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · goldTonnes: 12000000Grade: 0.7Grade Unit: g/tContained Metal: 270Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:e6e491c7a93f431bd54d
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- transitional
Resource Data
- Category
- indicated
- Tonnes
- 12000000
- Grade
- 0.7
- Grade Unit
- g/t
- Contained Metal
- 270
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated transition gold resource of 12 Mt at 0.70 g/t Au contributes to the project's economic assessment.
Positive factors
- Indicated resource category provides reasonable geological confidence.
Evidence · table
“0.70”
Context: 12,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · silverTonnes: 12000000Grade: 6Grade Unit: g/tContained Metal: 2315Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:e6e491c7a93f431bd54d
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- transitional
Resource Data
- Category
- indicated
- Tonnes
- 12000000
- Grade
- 6
- Grade Unit
- g/t
- Contained Metal
- 2315
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated transition silver resource of 12 Mt at 6.00 g/t Ag contributes to the project's economic assessment.
Positive factors
- Indicated resource category provides reasonable geological confidence.
Evidence · table
“6.00”
Context: 12,000
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · goldTonnes: 25532000Grade: 0.75Grade Unit: g/tContained Metal: 616Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:e0056f3c3f6001aa5fad
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 25532000
- Grade
- 0.75
- Grade Unit
- g/t
- Contained Metal
- 616
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated sulfide gold resource of 25.532 Mt at 0.75 g/t Au contributes to the project's economic assessment.
Positive factors
- Indicated resource category provides reasonable geological confidence.
Evidence · table
“0.75”
Context: 25,532
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · silverTonnes: 25532000Grade: 5.5Grade Unit: g/tContained Metal: 4515Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:e0056f3c3f6001aa5fad
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- indicated
- Tonnes
- 25532000
- Grade
- 5.5
- Grade Unit
- g/t
- Contained Metal
- 4515
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated sulfide silver resource of 25.532 Mt at 5.50 g/t Ag contributes to the project's economic assessment.
Positive factors
- Indicated resource category provides reasonable geological confidence.
Evidence · table
“5.50”
Context: 25,532
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · goldTonnes: 47532000Grade: 0.72Grade Unit: g/tContained Metal: 1095Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:200b2517a5c9ae347212
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 1095
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Indicated gold resource of 47.532 Mt at 0.72 g/t Au is a significant component of the project's value.
Positive factors
- Total Indicated gold resource provides a strong base for economic studies.
Evidence · table
“0.72”
Context: 47,532
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · silverTonnes: 47532000Grade: 5.55Grade Unit: g/tContained Metal: 8438Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:200b2517a5c9ae347212
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 5.55
- Grade Unit
- g/t
- Contained Metal
- 8438
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Indicated silver resource of 47.532 Mt at 5.55 g/t Ag is a significant component of the project's value.
Positive factors
- Total Indicated silver resource provides a strong base for economic studies.
Evidence · table
“5.55”
Context: 47,532
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · goldTonnes: 15000000Grade: 0.5Grade Unit: g/tContained Metal: 241Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:191e47a7b69ea17e96aa
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 15000000
- Grade
- 0.5
- Grade Unit
- g/t
- Contained Metal
- 241
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred oxide gold resource of 15 Mt at 0.50 g/t Au provides exploration upside but has lower confidence.
Negative factors
- Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“0.50”
Context: 15,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · silverTonnes: 15000000Grade: 2Grade Unit: g/tContained Metal: 964Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:191e47a7b69ea17e96aa
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
Resource Data
- Category
- inferred
- Tonnes
- 15000000
- Grade
- 2
- Grade Unit
- g/t
- Contained Metal
- 964
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred oxide silver resource of 15 Mt at 2.00 g/t Ag provides exploration upside but has lower confidence.
Negative factors
- Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“2.00”
Context: 15,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · goldTonnes: 18000000Grade: 0.6Grade Unit: g/tContained Metal: 347Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:01d2f92d3d2c8d224603
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 18000000
- Grade
- 0.6
- Grade Unit
- g/t
- Contained Metal
- 347
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred transition gold resource of 18 Mt at 0.60 g/t Au provides exploration upside but has lower confidence.
Negative factors
- Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“0.60”
Context: 18,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · silverTonnes: 18000000Grade: 2.5Grade Unit: g/tContained Metal: 1447Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:01d2f92d3d2c8d224603
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- transitional
Resource Data
- Category
- inferred
- Tonnes
- 18000000
- Grade
- 2.5
- Grade Unit
- g/t
- Contained Metal
- 1447
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred transition silver resource of 18 Mt at 2.50 g/t Ag provides exploration upside but has lower confidence.
Negative factors
- Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“2.50”
Context: 18,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · goldTonnes: 27605000Grade: 0.65Grade Unit: g/tContained Metal: 577Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:3220483a19ea0b6329b3
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 27605000
- Grade
- 0.65
- Grade Unit
- g/t
- Contained Metal
- 577
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred sulfide gold resource of 27.605 Mt at 0.65 g/t Au provides exploration upside but has lower confidence.
Negative factors
- Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“0.65”
Context: 27,605
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · silverTonnes: 27605000Grade: 2.7Grade Unit: g/tContained Metal: 2400Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:3220483a19ea0b6329b3
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- sulphide
Resource Data
- Category
- inferred
- Tonnes
- 27605000
- Grade
- 2.7
- Grade Unit
- g/t
- Contained Metal
- 2400
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred sulfide silver resource of 27.605 Mt at 2.70 g/t Ag provides exploration upside but has lower confidence.
Negative factors
- Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“2.70”
Context: 27,605
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · goldTonnes: 60605000Grade: 0.59Grade Unit: g/tContained Metal: 1165Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:06c6a92e4351a4aba2eb
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 1165
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Inferred gold resource of 60.605 Mt at 0.59 g/t Au provides significant exploration upside but has lower confidence.
Negative factors
- Total Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“0.59”
Context: 60,605
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · silverTonnes: 60605000Grade: 2.4Grade Unit: g/tContained Metal: 4811Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:06c6a92e4351a4aba2eb
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 4811
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Inferred silver resource of 60.605 Mt at 2.40 g/t Ag provides significant exploration upside but has lower confidence.
Negative factors
- Total Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“2.40”
Context: 60,605
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · goldTonnes: 47532000Grade: 0.72Grade Unit: g/tContained Metal: 1095Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:5456ce40d22a98e1b590
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 1095
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 1205
- Metal Eq. Unit
- koz AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Indicated gold resource of 47.532 Mt at 0.72 g/t Au is a significant component of the project's value. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Total Indicated gold resource provides a strong base for economic studies.
Evidence · table
“0.72”
Context: 47,532
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
indicatedSanta Fe Mine · silverTonnes: 47532000Grade: 5.55Grade Unit: g/tContained Metal: 8438Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:5456ce40d22a98e1b590
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 5.55
- Grade Unit
- g/t
- Contained Metal
- 8438
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 1205
- Metal Eq. Unit
- koz AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Indicated gold resource of 47.532 Mt at 0.72 g/t Au is a significant component of the project's value. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Total Indicated gold resource provides a strong base for economic studies.
Evidence · table
“5.55”
Context: 47,532
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · goldTonnes: 60605000Grade: 0.59Grade Unit: g/tContained Metal: 1165Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:ef8da68e80ad8d078056
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 1165
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 1230
- Metal Eq. Unit
- koz AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Inferred gold resource of 60.605 Mt at 0.59 g/t Au provides significant exploration upside but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Total Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“0.59”
Context: 60,605
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
inferredSanta Fe Mine · silverTonnes: 60605000Grade: 2.4Grade Unit: g/tContained Metal: 4811Contained Unit: kozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm, Caleb Cook, Thomas Dyer
- Resource group id
- resource:ef8da68e80ad8d078056
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 2.4
- Grade Unit
- g/t
- Contained Metal
- 4811
- Contained Unit
- koz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 1230
- Metal Eq. Unit
- koz AuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The total Inferred gold resource of 60.605 Mt at 0.59 g/t Au provides significant exploration upside but has lower confidence. (Expanded from multi-commodity resource table for completeness.)
Negative factors
- Total Inferred resource category is speculative and cannot support economic studies alone.
Evidence · table
“2.40”
Context: 60,605
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Metallurgical Results (2)
heap leachSanta Fe Mine · goldRecovery: 45 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- crush, heap leach, ADR plant, smelting
- Sample
- York Transition
Recovery
- Recovery
- 45 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Kappes, Cassiday & Associates
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery of 45% for York Transition material is relatively low, indicating potential processing challenges for this ore type.
Negative factors
- Recovery of 45% for transition material is on the lower side for heap leaching.
Evidence · table
“45%”
Context: York Transition
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
heap leachSanta Fe Mine · silverRecovery: 0 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG.V
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- crush, heap leach, ADR plant, smelting
- Sample
- York Transition
Recovery
- Recovery
- 0 %
- Recovery Basis
- actual_test
Lab
- Consultant
- Kappes, Cassiday & Associates
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Zero silver recovery for York Transition material is a significant negative, indicating that silver is not recoverable via heap leaching from this ore type.
Negative factors
- Zero silver recovery indicates no economic silver extraction from this material via heap leaching.
Evidence · table
“0%”
Context: York Transition
Tags used in scoring
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: processing_route matches the heap_leach signal
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 0% is below the weak band (75%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.