MiningNewsBreaks - Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) Reports $820 Million Post-Tax NPV in Santa Fe Mine Preliminary Economic Assessment
Original announcement by orestocks on
- Company
- Lahontan Gold Corp.
- Ticker
- LG
- Exchange
- Unavailable
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Other, Resource update
- Extracted
- 2026-10-14 17:51:28 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Lahontan Gold Corp. has released a Preliminary Economic Assessment (PEA) for its Santa Fe Mine project in Nevada, reporting a post-tax NPV of $820 million and an IRR of 40.1%. The assessment is based on gold prices of $3,600/oz and silver prices of $49/oz, representing a significant increase over the previous 2024 study.
Reasoning: The announcement of a high-value PEA with strong economic metrics (NPV/IRR) for a flagship project is a major value driver.
Positive factors
- Strong NPV of $820 million
- High IRR of 40.1%
- Significant increase in NPV compared to 2024 PEA
- Reasonable payback period of 3.7 years
Negative factors
- PEA is preliminary and includes Inferred resources
- Does not establish economic viability or Mineral Reserves
Facts used in scoring: 4
Classification and evidence
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The announcement is for a Preliminary Economic Assessment (PEA).
Evidence · text
“announced positive results from a preliminary economic assessment (“PEA”)”
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.
Evidence · text
“The PEA remains preliminary, includes Inferred Mineral Resources”
Extracted facts
Stored fact records: 4. Some facts used in scoring do not have a stored record.
Resource Estimates (4)
indicatedSanta Fe Mine · goldTonnes: 48393000Grade: 0.92Grade Unit: g/tView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael Lindholm
- Resource group id
- resource:c18f07e9ce34ead78905
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 48393000
- Grade
- 0.92
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-12-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Indicated resource component of the project.
Positive factors
- Large tonnage indicated resource
Evidence · text
“Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 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
indicatedSanta Fe Mine · silverTonnes: 48393000Grade: 7.18Grade 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
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael Lindholm
- Resource group id
- resource:c18f07e9ce34ead78905
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- indicated
- Tonnes
- 48393000
- Grade
- 7.18
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-12-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Secondary silver grade in indicated resource.
Evidence · text
“48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag”
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: 16760000Grade: 0.74Grade Unit: g/tView all detailsHide details
Identity
- Project
- Santa Fe Mine
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- LG
Resource scope
- Estimate type
- resource
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael Lindholm
- Resource group id
- resource:abdb3a04d3753e73429b
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 16760000
- Grade
- 0.74
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-12-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Inferred resource component of the project.
Negative factors
- Inferred resource carries higher geological risk
Evidence · text
“Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 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
inferredSanta Fe Mine · silverTonnes: 16760000Grade: 3.25Grade 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
- Effective date
- 2024-12-10T00:00:00.000Z
- Reporting standards
- ni_43_101
- QP Signed
- Yes
- Qualified person names
- Michael Lindholm
- Resource group id
- resource:abdb3a04d3753e73429b
- Deposit or zone
- Santa Fe Mine
- Mining method
- open_pit
- Material type
- oxide
- Resource basis
- gross
Resource Data
- Category
- inferred
- Tonnes
- 16760000
- Grade
- 3.25
- Grade Unit
- g/t
- Cutoff Grade
- 0.15
- Cutoff Unit
- g/t AuEq
Prior Estimate
- Resource Date
- 2024-12-10
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-14T00:00:00.000Z
Reasoning: Secondary silver grade in inferred resource.
Evidence · text
“16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag”
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
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.