Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- In recent months, the gold market has surged above $4,000 per ounce, with some analysts predicting a possible $5,000 per ounce record during the coming year
- Gold explorer and near-term producer LaFleur Minerals is preparing to restart operations at its flagship operation in the renowned Abitibi Greenstone Belt of Quebec, a prime location in the heart of Val-d’Or’s active gold camp
- The company benefits from a de-risked profile with a district-scale gold exploration project, plus a historically producing, fully permitted, gold mill, forming a vertically integrated gold producer model
- LaFleur will have the results of a Preliminary Economic Assessment in January along with assay results from test drilling to help provide guidance as the operation gets up and running during the early part of the coming year
Investors who are long on gold have been enjoying the meteoric rise of the precious metal market this year, which has kept gold over $4,000 for weeks even amid dips for profit-taking (https://ibn.fm/658ng). Some analysts remain optimistic gold will even top $5,000 in the coming months amid a cooling economy, a significant increase over the $1,600 an ounce price post-COVID only three years ago.
“Third quarter supply-demand data supports a continued central bank bid. The positive structural picture shows inelastic demand from central banks and ETF investment diverting supply from the jewelry market,” Deutsche Bank said in a note to clients regarding its forecast for prices to continue to rise…
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Techn
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