Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Technical Study

Lahontan Reports Cyanide Recoveries of 81% for Gold and 60% for Silver at West Santa Fe

Lahontan Gold Metallurgy Beats Historic Estimates, Validating $13M Capital Raise

By The Northwire Desk — AI Analysis Apr 13, 2026 · 10:56 LG · 0.36 Lahontan Gold Corp.
Executive Summary
  • On April 13, 2026, Lahontan Gold reported cyanide (CN) recoveries of 81% for gold and 60% for silver from 158 pulp samples taken during its 2025 reverse-circulation drilling program at West Santa Fe.
  • These results exceed the historic 1982 Kappes Cassiday report projections of 70% gold and 50% silver heap-leach recoveries.
  • The company confirms the mineralization is amenable to cyanide heap leaching, which supports lower processing costs and improved project economics for the upcoming Preliminary Economic Assessment (PEA).
  • This announcement follows closely on the heels of a $13.6M CAD private placement closed on April 8, 2026, intended to fund exploration and development through 2027.
Material Impact
  • Positive Technical Validation: The increase in gold recovery from an expected 70% to 81% is a material improvement for heap-leach economics, directly impacting Net Present Value (NPV) and Internal Rate of Return (IRR). Higher recoveries mean more ounces sold per tonne mined.
  • Confirmation of Strategy: This news validates the capital allocation decision made in the April 8 financing. Investors who bought at $0.41/unit now have confirmation that the funded exploration is yielding technically superior results than historic baselines.
  • Silver Recovery Concern: While gold recovery exceeded expectations, silver recovery (60%) only modestly beat the historic 50% projection. Given the significant silver content in the resource, this remains a variable to watch for final PEA economics.
  • Market Reaction Context: Despite the positive technical data, the stock is trading at $0.36 CAD, below the recent private placement price of $0.41 CAD. This suggests the market may be pricing in dilution concerns or broader sector weakness rather than dismissing the technical news.
LG · Price
Company Overview
  • Company: Lahontan Gold Corp. is a Nevada-focused gold and silver exploration and development company.
  • Flagship Project: Santa Fe Mine (Past Producer). Historic production from 1988-1995 included 359,202 oz Au and 702,067 oz Ag via open-pit heap-leach operations.
  • Current Resources: NI 43-101 compliant Indicated Resource of 1,539,000 oz Au Eq and Inferred Resource of 411,000 oz Au Eq (as per Feb 2026 news).
  • Satellite Projects: West Santa Fe (13 km SW), Moho Mine. Recent drilling at West Santa Fe has confirmed high-grade oxide mineralization suitable for heap leaching.
Read the original news release →

More from Lahontan Gold Corp.

Oct 27, 2026 · 07:30

Lahontan Gold Provides Corporate Update on Santa Fe and West Santa Fe Drill Programs

Drill Results Oct 14, 2026 · 10:55

Lahontan’s Santa Fe project post-tax NPV5 jumps 14 times to US$820 million, significantly exceeding its current market capitalization.

Resource Estimate Sep 21, 2026 · 08:28

Lahontan mobilizes a drill rig for a 3,500m campaign at West Santa Fe alongside granting management options.

Drill Results Sep 16, 2026 · 09:36

Lahontan consolidates West Santa Fe, eliminates royalties, and adds the New York Canyon project to its portfolio.

M&A / Property Sep 15, 2026 · 07:00

Lahontan’s Pad Two re-drill intersected a 16.5m wide 2.75 g/t AuEq pocket within a bulk pad averaging 0.5 g/t Au and 40% cyanide solubility.

Drill Results Sep 01, 2026 · 07:00

Lahontan’s incremental results feature good stockpile grade and low cyanide recovery without disclosed tonnage.

Drill Results