Lac Gold (LAC) presented its latest project update at the Resources Rising Stars Gold Coast Conference on September 9, 2026. Executive Director Matthew Keegan, speaking from Booth 9, said the company’s focus is on building a gold system in Canada, centering on the Rouyn Gold Project in Quebec’s Abitibi Belt.
The company’s shares closed at $0.365, up 4.29% from the prior close of $0.35, trading within a 52‑week range of $0.16 to $0.525. Lac Gold noted its valuation is roughly one‑quarter of peers’ enterprise value per ounce.
The Rouyn Gold Project sits along a 7‑kilometre mineralised corridor near the city of Rouyn‑Noranda. Lac Gold estimates a total resource of about 1.7 million ounces of gold, of which roughly 60% is classified as indicated. The estimate is supported by a 45,000‑metre diamond drilling program that integrates historic data. Highlight drilling results include Hole 793, which returned 5.6 metres at 141 g/t gold, including a 0.5‑metre interval at 1,580 g/t. Additional recent intercepts reported grades of 16 g/t and over 20 g/t.
Keegan emphasized that the project’s value lies in the combination of grade, width and continuity, stating, “We bought much more than a 1.7 million ounce resource. We believe we bought an entire gold system.” He added that the presence of gold at Rouyn is already proven.
The presentation placed the Rouyn project in the broader context of the Abitibi Belt, which has historically produced more than 200 million ounces of gold. Recent regional activity includes CAD 204 million invested by Agnico Eagle Mines in O3 Mining, a CAD 190 million IPO for neighbouring Cadillac Mines with an additional CAD 60 million from Agnico, and a CAD 57 million commitment to Radisson Mining Resources.
Lac Gold also referenced its second district‑scale platform, the Pickle Lake Gold Project in Ontario, anchored by the historic Golden Patricia Mine, which produced 640,000 ounces of gold at an average grade of 16.5 g/t between 1988 and 1995.
Keegan concluded with a strategic view: “If you could build a gold company anywhere in the world, where would you build it? For us, the answer was Canada and the Rouyn Gold Project in Quebec.”
