One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Lahontan Gold Corp.
LGCXF · OQB · Basic Materials · Other Precious Metals & Mining
Current price
$0.19
52-week range
$0.09 - $0.40
Market cap
$82.88M
Balance sheet
Healthy
-101.15x Concerning
Net cash $12.42M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Lahontan Gold Corp.
Lahontan Gold Corp. is a mining company that searches for gold and silver deposits, mainly in Nevada. The company's main source of money will eventually come from discovering and mining these precious metals. This matters because successfully finding valuable minerals could lead to significant profits if they can be extracted and sold.
How the company got here
Lahontan Gold Corp. was founded in 2020 and is a Canadian company focused on exploring for gold and silver. The company's journey began with the formation of Lahontan Gold in February 2021, and shortly after, it started drilling at its Santa Fe project. By 2022, Lahontan Gold became a publicly traded company, listing on the TSX Venture Exchange and later on the OTCQB. A significant milestone was reached in 2023 with the establishment of its first modern mineral resource estimate for the Santa Fe project. This was followed by the completion of its initial Preliminary Economic Assessment (PEA) in 2024, outlining a phased development concept. In 2025, the company received approval for its exploration plan from the Bureau of Land Management, allowing for continued resource-expansion drilling. By 2026, Lahontan Gold reported a substantial increase in its mineral resources and advanced state-level mine permitting and an updated PEA. The company is now targeting the start of construction at Santa Fe in 2027.
What it actually does
Lahontan Gold Corp. is an exploration-stage mining company. This means it's in the business of searching for valuable minerals, like gold and silver, rather than actively mining and selling them in large quantities. The company identifies, acquires, evaluates, and explores mineral properties, primarily in Nevada, USA. Think of them as prospectors with advanced technology and a strategic business plan, looking for the next big discovery or redeveloping existing sites with new potential.
Santa Fe Mine Project
The Santa Fe Mine Project is Lahontan Gold's flagship asset and is located in Nevada's Walker Lane, a region known for its rich mineral deposits. This project is a past-producing gold and silver mine, meaning it was previously mined between 1988 and 1995 using open-pit methods and heap-leach processing. Lahontan Gold is focused on restarting this mine, with a targeted return to production in 2027. Recent assessments, like the Preliminary Economic Assessment (PEA), indicate a strong economic potential for the project, projecting an eleven-year mine life and significant revenue generation. The company is actively working on permitting and technical studies to support the development and eventual operation of the Santa Fe Mine.
West Santa Fe Project
The West Santa Fe Project is another key asset in Lahontan Gold's portfolio, located about 15 kilometers west of the Santa Fe Mine. This project is characterized by sediment-hosted epithermal gold and silver mineralization, with recent drilling showing promising shallow oxide intercepts. The company holds an option to acquire this project outright. Encouraging results from metallurgical testing, showing good gold and silver recovery rates using cyanide leaching, support the continued evaluation of this project as a potential second resource center within Lahontan's Nevada holdings. The company is actively drilling at West Santa Fe to define a maiden mineral resource.
Bald Hill Antimony Project
Lahontan Gold has also acquired mineral claims at the Bald Hill Antimony Project in New Brunswick, Canada. This project is known for its high-grade antimony deposits, with past drilling indicating significant mineralization. Antimony is a metal used in various industrial applications, including flame retardants and alloys. While gold and silver are Lahontan's primary focus, the company's involvement in antimony exploration at Bald Hill represents a diversification of its mineral interests. Exploration and development activities are ongoing at this property.
What management is betting on now
Lahontan Gold's management is primarily focused on advancing the Santa Fe Mine project toward production, targeting a restart in 2027. This strategy involves completing necessary permitting, conducting further technical studies, and securing financing for construction. They are also actively exploring and defining resources at the West Santa Fe project, viewing it as a potential secondary source of production. The company's overall strategy is to transition from an exploration company to a gold and silver producer, leveraging the existing infrastructure and known mineral potential at its Nevada properties.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $0.19
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $12.4M - more cash than debt. Interest coverage -101.2x.
Net debt
$-12.42M
Interest coverage
-101.15x
Lahontan Gold Corp.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
LGCXF
BASELINE
Lahontan Gold Corp.
Total debt $0.00 Interest coverage -101.15x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage -51.76x Neither company has much profit cushion over interest right now.
Total debt $31.74M Interest coverage 13.81x This peer still has a real interest-payment cushion, while LGCXF does not.
Total debt $704.93M Interest coverage -3.42x Neither company has much profit cushion over interest right now.
Total debt $158.83K Interest coverage -528.31x Neither company has much profit cushion over interest right now.
What you should know
The case for and against LGCXF
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -9.9% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
—
P/B
2.20x
P/S
—
EV/EBITDA
-26.46x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-9.9%
ROA
-6.0%
Health
Liquidity and balance-sheet strength
Debt / equity
—
Current ratio
206.88x
Quick ratio
203.91x
Total debt
$0.00
Total cash
$12.42M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
—
EPS TTM
-0.01
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-1.44M
Free CF TTM
$-3.71M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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