Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) is featured in a new video by BTV – Business Television, where Founder, CEO, President and Director Kimberly Ann outlined the company’s progress toward production at its flagship Santa Fe gold project in Nevada. Ann stated that Lahontan expects to receive a key mine permit in the first quarter of 2025, positioning the project for construction and potential initial gold production before the end of the year. She emphasized Nevada’s established infrastructure, mining workforce and favorable regulatory environment as important advantages supporting project development.
In the interview, Ann also highlighted silver upside through the company’s West Santa Fe asset and noted projected cash costs of approximately $1,100 to $1,200 per ounce, which she said position the project favorably amid strong precious metals prices. BTV – Business Television, a capital markets-focused television production and digital marketing agency with more than 25 years of experience, produces investor-focused content distributed through outlets including Bloomberg, CNBC and FOX Business Network, as well as digital financial platforms.
The Santa Fe Mine project, covering 26.4 km², had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. According to the company’s NI 43-101 compliant technical report, the project has an 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) and an 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), all pit constrained. The company plans to continue advancing the project toward production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.
The announcement is significant for investors as it outlines a clear path to near-term gold production in one of the world’s most mining-friendly jurisdictions. With expected cash costs below current gold prices, the project could generate strong margins. The company’s progress also reflects broader trends in the mining sector, where companies are advancing projects to meet demand for precious metals amid economic uncertainty. For the industry, Lahontan’s timeline demonstrates the potential for junior miners to move from exploration to production efficiently in Nevada.
To view the full press release, visit https://ibn.fm/J7GcM. For more information about Lahontan Gold Corp., visit www.lahontangoldcorp.com. The latest news and updates relating to LGCXF are available at http://ibn.fm/LGCXF.
