Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced the appointment of Billy Choi as its new chief financial officer, with Choi expected to assume full CFO responsibilities in October 2026 following a transition period. The hiring brings a seasoned finance executive to the company as it moves forward with permitting at its flagship Santa Fe Mine and aims to restart production in 2027.
Choi most recently served as vice president of finance at Lithium Royalty Corp., where he played a key role in its initial public offering, public-company reporting, financial controls, and its subsequent acquisition by Altius Minerals. His experience in the resource sector, particularly in royalty and finance, is expected to strengthen Lahontan’s financial management team during a critical phase of development.
The appointment underscores Lahontan’s focus on assembling a leadership team capable of navigating the complexities of mine development and production. The Santa Fe Mine, located in the Walker Lane of mining-friendly Nevada, is a past-producing operation that yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. The project hosts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained.
As part of its strategy to advance the Santa Fe Mine, Lahontan plans to update the Preliminary Economic Assessment and drill test its satellite West Santa Fe project during 2025. These steps are aimed at positioning the company for a production restart, which would mark a significant milestone for Lahontan and potentially boost the local economy through job creation and mining activity.
The technical content of the announcement has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. The company’s disclosure emphasizes the importance of the resource estimate, which is detailed in the “Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project” with an effective date of December 10, 2024, and report date of January 24, 2025. The report is available on the company’s website and SEDAR+.
For investors, the CFO appointment signals a commitment to financial discipline and strategic execution as Lahontan transitions from exploration and development toward production. The company’s newsroom at http://nnw.fm/LGCXF provides ongoing updates, and the full press release can be viewed at https://nnw.fm/BUdJ8. With a clear timeline and a strengthened leadership team, Lahontan Gold Corp. is positioning itself to capitalize on Nevada’s rich mining history and the rising demand for gold and silver.
