Lahontan Gold Corp Reports Positive PEA for Santa Fe Project

Lahontan Gold Corp announced a favorable Preliminary Economic Assessment (PEA) for its Santa Fe Mine project in Nevada. The assessment reveals a pre-tax net present value (NPV5) of $265.1 million with a 41% internal rate of return (IRR). After-tax figures indicate an NPV5 of $200.0 million and a 34.2% IRR. The project is valued using spot metal prices set at $2,705 per ounce for gold and $32.60 per ounce for silver.

The PEA outlines total revenues of $930.8 million over a nine-year mine life, with pre-production costs estimated at $135.1 million. Lahontan aims for a 2026 mine groundbreaking as permitting progresses. Although promising, the assessment is preliminary with no defined mineral reserves yet, highlighting future expansion potential.