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 globenewswire on
- Company
- Lahontan Gold Corp.
- Ticker
- LG
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Other, Resource update, Metallurgy
- Extracted
- 2026-10-14 16:36:01 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lahontan Gold Corp. announced a highly positive updated Preliminary Economic Assessment for its Santa Fe Mine gold-silver project in Nevada, featuring a post-tax NPV5 of US$820 million and an IRR of 40.1% over an 11-year mine life. This represents a fourteen-fold increase in NPV5 compared to the 2024 PEA, driven by projected life-of-mine production of over 1 million gold equivalent ounces and manageable pre-production capital costs of US$172 million. The study, prepared to NI 43-101 standards, highlights the project's significant economic potential and cash flow generation.
Reasoning: The updated PEA demonstrates robust project economics with a post-tax NPV5 of US$820 million and an IRR of 40.1%, representing a significant improvement over the previous assessment and outlining a clear path to production.
Positive factors
- strong_npv_irr
- short_payback_period
- significant_increase_from_prior_pea
- high_lom_production
- manageable_capital_costs
- ni_43_101_compliant
Negative factors
- preliminary_economic_assessment
- inferred_resources_included
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 21
Classification and evidence
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The document is a Preliminary Economic Assessment (PEA) which is an early-stage economic study.
Evidence · text
“Preliminary Economic Assessment (" PEA ")”
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: The PEA and MRE were prepared in accordance with Canadian National Instrument 43-101.
Evidence · text
“in accordance with Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects (" NI 43-101 ")”
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: The PEA and MRE were prepared by named Qualified Persons (Caleb Cook, Thomas Dyer, Michael Lindholm).
Evidence · text
“The qualified persons are Caleb Cook, P.E. of Kappes, Cassiday & Associates; Thomas Dyer, P.E. and Michael Lindholm C.P.G. of RESPEC; each of whom is an independent “Qualified Person” under NI 43-101.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The PEA shows a significant increase in NPV5 compared to the 2024 PEA, implying a positive change in project scale or economics.
Evidence · text
“The base-case post-tax NPV 5 of US$820 million represents an increase of more than fourteen-fold compared with the 2024 PEA (US$56.5 million)”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: The processing method described is conventional heap leaching.
Evidence · text
“Mineralized material from the Santa Fe, Calvada, Slab and York deposits will be processed by conventional heap leaching methods.”
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The PEA includes Inferred Mineral Resources, which are considered speculative.
Evidence · text
“The PEA is preliminary in nature, includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves”
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: The MRE includes a significant Indicated Mineral Resource component.
Evidence · text
“NI 43-101 compliant Indicated Mineral Resource of 1,195,000 oz Au Eq”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades for the resource estimate are clearly stated.
Evidence · text
“Mineral resources are reported using a cut-off grade of 0.10 g/t Au Eq for oxide and transitional resources which are reported together, and 0.30 g/t Au Eq for sulfide resources.”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 4 distinct composites were tested
Extracted facts
Stored fact records: 20. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedSanta Fe Mine · goldTonnes: 47532000Grade: 0.72Grade Unit: g/tContained Metal: 1195000Contained Unit: ozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm
- Resource group id
- resource:5456ce40d22a98e1b590
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 0.72
- Grade Unit
- g/t
- Contained Metal
- 1195000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 0.78
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The project has a substantial Indicated Mineral Resource of 1.195 million gold equivalent ounces, compliant with NI 43-101 standards.
Positive factors
- indicated_resource
- ni_43_101_compliant
- qp_signed
Evidence · text
“NI 43-101 compliant Indicated Mineral Resource of 1,195,000 oz Au Eq (47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq)”
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/tView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm
- Resource group id
- resource:5456ce40d22a98e1b590
- Mining method
- open_pit
Resource Data
- Category
- indicated
- Tonnes
- 47532000
- Grade
- 5.55
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 0.78
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The project includes a significant silver component within the Indicated Mineral Resource, compliant with NI 43-101 standards.
Positive factors
- indicated_resource
- ni_43_101_compliant
- qp_signed
Evidence · text
“NI 43-101 compliant Indicated Mineral Resource of 1,195,000 oz Au Eq (47,532,000 tonnes grading 0.72 g/t Au and 5.55 g/t Ag, together grading 0.78 g/t Au Eq)”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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: 1190000Contained Unit: ozView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm
- Resource group id
- resource:ef8da68e80ad8d078056
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 0.59
- Grade Unit
- g/t
- Contained Metal
- 1190000
- Contained Unit
- oz
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 0.61
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The project has a large Inferred Mineral Resource of 1.19 million gold equivalent ounces, compliant with NI 43-101 standards, but this category is speculative.
Positive factors
- ni_43_101_compliant
- qp_signed
Negative factors
- inferred_resource
Evidence · text
“Inferred Mineral Resource of 1,190,000 oz Au Eq (60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq)”
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/tView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael S. Lindholm
- Resource group id
- resource:ef8da68e80ad8d078056
- Mining method
- open_pit
Resource Data
- Category
- inferred
- Tonnes
- 60605000
- Grade
- 2.4
- Grade Unit
- g/t
- Cutoff Grade
- 0.1
- Cutoff Unit
- g/t Au Eq
Prior Estimate
- Resource Date
- 2026-10-01
Metal Equivalent
- Metal Eq. Grade
- 0.61
- Metal Eq. Unit
- g/t Au Eq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: The project includes a silver component within the Inferred Mineral Resource, compliant with NI 43-101 standards, but this category is speculative.
Positive factors
- ni_43_101_compliant
- qp_signed
Negative factors
- inferred_resource
Evidence · text
“Inferred Mineral Resource of 1,190,000 oz Au Eq (60,605,000 tonnes grading 0.59 g/t Au and 2.40 g/t Ag, together grading 0.61 g/t Au Eq)”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 (16)
heap leachSanta Fe Mine · goldRecovery: 71 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Santa Fe Oxide
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for Santa Fe Oxide material is strong at 71% for a heap leach operation.
Positive factors
- high_recovery
Evidence · table
“71%”
Context: Santa Fe Oxide
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 · goldRecovery: 49 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Santa Fe Transition
Recovery
- Recovery
- 49 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for Santa Fe Transition material is weak at 49% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“49%”
Context: Santa Fe 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 · goldRecovery: 68 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Santa Fe Sulfide
Recovery
- Recovery
- 68 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for Santa Fe Sulfide material is moderate at 68% for a heap leach operation, especially with pre-oxidation.
Positive factors
- moderate_recovery
Evidence · table
“68%”
Context: Santa Fe Sulfide
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 · goldRecovery: 71 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Calvada Oxide
Recovery
- Recovery
- 71 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for Calvada Oxide material is strong at 71% for a heap leach operation.
Positive factors
- high_recovery
Evidence · table
“71%”
Context: Calvada Oxide
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 · goldRecovery: 45 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Calvada Transition
Recovery
- Recovery
- 45 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for Calvada Transition material is weak at 45% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“45%”
Context: Calvada 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 · goldRecovery: 52 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Slab Oxide
Recovery
- Recovery
- 52 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for Slab Oxide material is weak at 52% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“52%”
Context: Slab Oxide
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 · goldRecovery: 60 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- York Oxide
Recovery
- Recovery
- 60 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for York Oxide material is moderate at 60% for a heap leach operation.
Positive factors
- moderate_recovery
Evidence · table
“60%”
Context: York Oxide
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 · goldRecovery: 45 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- York Transition
Recovery
- Recovery
- 45 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Gold recovery for York Transition material is weak at 45% for a heap leach operation.
Negative factors
- low_recovery
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: 30 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Santa Fe Oxide
Recovery
- Recovery
- 30 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for Santa Fe Oxide material is moderate at 30% for a heap leach operation.
Positive factors
- moderate_recovery
Evidence · table
“30%”
Context: Santa Fe Oxide
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: 30% is below the weak band (75%)
heap leachSanta Fe Mine · silverRecovery: 30 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Santa Fe Transition
Recovery
- Recovery
- 30 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for Santa Fe Transition material is moderate at 30% for a heap leach operation.
Positive factors
- moderate_recovery
Evidence · table
“30%”
Context: Santa Fe 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: 30% is below the weak band (75%)
heap leachSanta Fe Mine · silverRecovery: 30 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Santa Fe Sulfide
Recovery
- Recovery
- 30 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for Santa Fe Sulfide material is moderate at 30% for a heap leach operation.
Positive factors
- moderate_recovery
Evidence · table
“30%”
Context: Santa Fe Sulfide
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: 30% is below the weak band (75%)
heap leachSanta Fe Mine · silverRecovery: 13 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Calvada Oxide
Recovery
- Recovery
- 13 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for Calvada Oxide material is weak at 13% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“13%”
Context: Calvada Oxide
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: 13% is below the weak band (75%)
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
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Calvada Transition
Recovery
- Recovery
- 0 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for Calvada Transition material is very low at 0% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“0%”
Context: Calvada 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%)
heap leachSanta Fe Mine · silverRecovery: 10 %View all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- Slab Oxide
Recovery
- Recovery
- 10 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for Slab Oxide material is weak at 10% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“10%”
Context: Slab Oxide
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: 10% is below the weak band (75%)
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
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- York Oxide
Recovery
- Recovery
- 0 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for York Oxide material is very low at 0% for a heap leach operation.
Negative factors
- low_recovery
Evidence · table
“0%”
Context: York Oxide
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%)
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
Test Work
- Program Status
- scoping
- Test Type
- heap leach
- Processing Route
- conventional heap leaching methods
- Sample
- York Transition
Recovery
- Recovery
- 0 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Silver recovery for York Transition material is very low at 0% for a heap leach operation.
Negative factors
- low_recovery
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.