Lahontan Gold Corp. (TSE:LG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Lahontan Gold Corp. has announced a promising Preliminary Economic Assessment for its Santa Fe Mine project in Nevada, showcasing the potential for a highly profitable venture with a projected nine-year lifespan. The assessment highlights a pre-tax net present value of $265.1 million and a payback period of 2.9 years, driven by positive trends in gold and silver prices. The company plans to further optimize and expand its resources, with mine permitting underway and a groundbreaking targeted for 2026.
For further insights into TSE:LG stock, check out TipRanks’ Stock Analysis page.