Lahontan Gold Corp.
Lahontan Gold Corp. holds four gold-silver exploration properties in Nevada's Walker Lane, anchored by the past-producing Santa Fe Mine (359,202 oz gold and 702,067 oz silver produced 1988-1995 via open-pit heap leach). An updated Mineral Resource Estimate is nearly complete, feeding a revised PEA targeted for completion by end of August 2026, with Nevada state mine permitting on track for 2027 ahead of a planned restart.
Lifecycle Milestones
Not in place: tailings facility. Not yet determined: mill, grid power.
Jurisdiction (40%)9/10
Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada, USA — top-tier, low political-risk mining jurisdiction.
Infrastructure (40%)5.7/10
Confirmed road access and no confirmed tailings facility at Santa Fe Mine Project, Mineral County, Nevada; existing mill and grid power not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Round Mountain (Kinross Gold Corporation), 91 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:3.6/10
Nearest producing mine: Round Mountain (Kinross Gold Corporation), 91 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:3.5/10
Stage: Resource Definition
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
United States: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
VP Mine Development & Exploration at Lahontan Gold Corp. Economic geologist with 45+ years of international mining/exploration experience.
Corporate Secretary of Lahontan Gold Corp.; also Corporate Secretary of Roscan Gold Corporation, Sterling Metals Corp. and Laramide Resources Ltd. and a director of Route 109 Resources Inc. Securities/corporate-commercial lawyer, managing partner of Irwin Lowy LLP since January 2010.
General Manager of Lahontan Gold Corp. UC Santa Cruz graduate (2010); management/logistics experience in junior mining.
Chief Consulting Geologist at Lahontan Gold Corp. US Certified Professional Geologist, Canadian PGO exploration geologist, with 15 years across multiple commodities.
Corporate Development & Exploration Geologist at Lahontan Gold Corp. Began his career at Lahontan Gold after geology studies at the University of South Florida.
Founder, Chief Executive Officer, President and Director of Lahontan Gold Corp. Mining executive who founded multiple junior mining companies, with various senior executive positions.
Chief Financial Officer of West Point Gold Corp.; also Chief Financial Officer of Lahontan Gold Corp. Chartered Accountant with 30 years of mining/resource company experience; co-founded Gold79 (public 2004); currently CFO of C3 Metals and Lahontan Gold Corp; former CFO of UR-Energy 2004-2007.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Lahontan Gold's register includes three well-known gold-sector specialist investors -- ASA Gold and Precious Metals (a long-running dedicated gold fund, just over 10%), Lawrence Lepard's Equity Management Associates, and Extract Advisors -- plus a small stake held by operating gold producer Victoria Gold Corp. However, Lepard has been a heavy net seller through 2025 and into 2026, even as director Antony Rowe bought shares in March 2026.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Lahontan Gold holds four gold-silver exploration properties in Nevada's Walker Lane, led by the past-producing Santa Fe mine, which produced 359,202 oz of gold and 702,067 oz of silver from 1988 to 1995 by open-pit heap leaching. The updated Santa Fe resource, effective 13 August 2026, has 1,100,000 oz of gold indicated, with no measured category, plus 1,145,000 oz inferred, as printed in the technical report filed in October 2026, with silver bringing the indicated total to 1,194,000 oz gold-equivalent in 47.5 Mt at 0.78 g/t AuEq. The new estimate, 22% larger in contained ounces than the 2024 estimate, feeds a revised preliminary economic assessment, and the company is working toward Nevada state mine permits in 2027 ahead of a planned restart. In September 2026 Lahontan agreed to acquire Emergent Metals, a deal that had not closed at last report.
Lahontan Gold's Santa Fe Mine development and permitting update (20 May 2026), restating the current NI 43-101 Mineral Resource for the 100%-owned Santa Fe Mine, Nevada (effective 10 Dec 2024): Indicated 48,393,000 t at 0.92 g/t Au / 7.18 g/t Ag for 1,539,000 oz AuEq, plus Inferred 16,760,000 t at 0.74 g/t Au / 3.25 g/t Ag for 411,000 oz AuEq, all pit-constrained.