Lahontan Gold Corp. Advances Santa Fe Mine Toward 2027 Restart in Nevada
TL;DR
Lahontan Gold Corp. offers investors a strategic advantage by restarting the proven Santa Fe Mine with existing infrastructure and low-cost heap leach processing for gold and silver.
Lahontan Gold Corp. is advancing the Santa Fe Mine through permitting and development, targeting production startup in early 2027 using established open-pit mining methods.
Lahontan Gold Corp.'s responsible mine development creates economic opportunities and utilizes efficient processing methods to minimize environmental impact while producing essential metals.
The Santa Fe Mine previously produced over 359,000 ounces of gold before closing in 1995, leaving substantial mineralization for Lahontan Gold Corp. to develop.
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Lahontan Gold Corp. is advancing its Santa Fe Mine project toward a planned restart in early 2027, leveraging the property's demonstrated production history and substantial remaining mineralization. The mine previously operated successfully from 1988 to 1995, producing 359,202 ounces of gold and 702,067 ounces of silver through open-pit mining and heap leach processing, which remains the lowest-cost production method for oxide gold deposits.
The mine's closure in 1995 resulted purely from economic factors when gold prices dropped to $340 per ounce, making operations uneconomical. However, the cessation left significant mineralization in place, forming the foundation for Lahontan's current development strategy. According to company CEO Kimberly Ann, "We have enough to have mine again now and we're fast tracking it. We started this process about two and a half years ago because we all know permitting takes a long time. We need to do it responsibly."
The Santa Fe Mine project holds a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent, all pit constrained. The company's competitive advantage lies in controlling an asset with proven production capabilities rather than theoretical potential, reducing development risk and potentially accelerating the path to production.
Lahontan's development timeline positions the company to benefit from current gold market conditions, which are substantially more favorable than the $340 per ounce environment that prompted the original closure. The company is currently deep in the permitting process and expects to break ground in early 2027, if not sooner. Additional information about the project's technical details can be found in the company's technical reports available through their corporate website.
The Santa Fe Mine restart represents significant potential for job creation and economic activity in mining-friendly Nevada, while also contributing to domestic gold production at a time of increased focus on secure supply chains. The project's advancement demonstrates how historical mining operations with proven production records can be revitalized using modern techniques and favorable market conditions, potentially serving as a model for other dormant mining properties.
Curated from InvestorBrandNetwork (IBN)
