- LaFleur Minerals plans to restart its fully-permitted and recently refurbished Beacon Gold Mill in Val-d’Or, Quebec, by early 2026, offering many surrounding gold projects a much-needed nearby milling option.
- In addition, a minimum 5,000-metre diamond drilling program is launching at the company’s wholly-owned 166 km² Swanson Gold Project this month, and a Preliminary Economic Assessment (“PEA”) is underway to evaluate open-pit mining and milling scenarios at current gold prices, as they rise above $3,300/oz, expected to hit $4,000/oz by the second quarter of 2026, JP Morgan analysts say.
- In support of the company’s Swanson Project plans for a 100,000-tonne bulk sample to be processed at the Beacon Mill, LaFleur expects a conservative restart cost of C$5-6 million, which includes further upgrades, benefitting from no outstanding royalties or encumbrances, providing investors both near-term production potential and exposure to the upside of surging gold, with a site visit planned for July 2025 for prospective investors and analysts.
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF), a Canadian near-term gold producer, is making steady progress toward restarting its 100%-owned Beacon Gold Mill in Val-d’Or, Quebec, and launching a large-scale bulk sampling program at its Swanson Gold Project (https://ibn.fm/ywO6A). The company aims to reinitiate gold production by early 2026, situated in Canada’s most prolific gold-producing region, aligning with record-high gold prices now exceeding US$3,300 per ounce.
LaFleur acquired the Beacon Gold Mill, strategically located in Quebec’s Abitibi Gold Belt, in late 2024. The facility had already been given over C$20 million in repairs and upgrades under its previous owner, Monarch Mining, before being acquired under opportunistic terms by what is now known as…
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
About MiningNewsWire
MiningNewsWire (“MNW”) is a specialized communications platform with a focus on developments and opportunities in the Global Mining and Resources sectors. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled recognition and brand awareness.
MNW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from MiningNewsWire, text “BigHole” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.MiningNewsWire.com
Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.MiningNewsWire.com/Disclaimer
MiningNewsWire
Los Angeles, CA
www.MiningNewsWire.com
310.299.1717 Office
Editor@MiningNewsWire.com
MiningNewsWire is powered by IBN
