# MiningNewsBreaks - Lahontan Gold Corp. \(TSX.V: LG\) \(OTCQB: LGCXF\) Reports $820 Million Post-Tax NPV in Santa Fe Mine Preliminary Economic Assessment Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/miningnewsbreaks-lahontan-gold-corp-tsx-v-lg-otcqb-lgcxf-reports-820-million-pos--bf894d1e-6fad-4bd6-bab6-929401d94bfb Original source: https://orestocks.com/company/LG.V/press-releases/8877530393656824 Publisher: orestocks Original announcement: 2026-10-14T16:52:18.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-10-14T17:51:28.033Z Atlas analysis updated: 2026-10-14T17:51:28.033Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Strong NPV of $820 million - Positive factor: High IRR of 40.1% - Positive factor: Significant increase in NPV compared to 2024 PEA - Positive factor: Reasonable payback period of 3.7 years - Negative factor: PEA is preliminary and includes Inferred resources - Negative factor: Does not establish economic viability or Mineral Reserves Facts used in scoring: 4 ## Classification and evidence **PEA-Supporting** Polarity: neutral Definition: 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 Resource** Polarity: negative Definition: 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) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/miningnewsbreaks-lahontan-gold-corp-tsx-v-lg-otcqb-lgcxf-reports-820-million-pos--bf894d1e-6fad-4bd6-bab6-929401d94bfb#fact-resource-facts-0) Santa Fe Mine · gold #### 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 factor: 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/miningnewsbreaks-lahontan-gold-corp-tsx-v-lg-otcqb-lgcxf-reports-820-million-pos--bf894d1e-6fad-4bd6-bab6-929401d94bfb#fact-resource-facts-1) Santa Fe Mine · silver #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/miningnewsbreaks-lahontan-gold-corp-tsx-v-lg-otcqb-lgcxf-reports-820-million-pos--bf894d1e-6fad-4bd6-bab6-929401d94bfb#fact-resource-facts-2) Santa Fe Mine · gold #### 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 factor: 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/miningnewsbreaks-lahontan-gold-corp-tsx-v-lg-otcqb-lgcxf-reports-820-million-pos--bf894d1e-6fad-4bd6-bab6-929401d94bfb#fact-resource-facts-3) Santa Fe Mine · silver #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **QP/CP Signed** Polarity: positive Definition: 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 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported **PEA-Supporting** Polarity: neutral Definition: 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.