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Lac Gold Limited (ASX:LAC)

ALERT: Price-sensitive ASX Announcement for LAC
Current share price for LAC : $0.355 -0.02 (-5.33%)+
Announcement
Release
9 Jun 2026 8:17AM
Price at Release
$0.375
Full Release
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Summary
Lac Gold Limited has completed the acquisition of the Golden Patricia Gold Mine from Barrick Mining Corporation, securing 100% ownership. This acquisition provides Lac Gold with strategic control over a high-grade gold corridor within the Pickle Lake district in Ontario, Canada. The Golden Patricia Property is a historical gold producer with significant exploration potential, having produced 619,796 ounces of gold at an average grade of 16.48g/t prior to its closure. With the transfer of the property, Lac Gold plans to integrate historical data, refine geological models, and advance exploration targets across the district. Barrick retains a 2% net smelter return royalty, maintaining an interest in the property's future success.
Key Points
  • Acquisition of Golden Patricia Gold Mine from Barrick completed.
  • Lac Gold secures 100% ownership of high-grade gold property.
  • Golden Patricia produced 619,796oz at 16.48g/t before closure.
  • Significant exploration opportunities identified in Pickle Lake district.
  • Integration and advancement of historical data and geological models planned.
  • Barrick retains a 2% net smelter return royalty on future production.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.