LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is taking significant steps toward the restart of its Beacon Gold Mill in Val-d’Or, Quebec, by early 2026, a move that could provide a crucial milling option for nearby gold projects. The company is also launching a minimum 5,000-metre diamond drilling program at its Swanson Gold Project this month, alongside a Preliminary Economic Assessment (PEA) to explore open-pit mining and milling scenarios at current gold prices, which are expected to rise significantly.
The initiative to process a 100,000-tonne bulk sample at the Beacon Mill underscores LaFleur's commitment to near-term production potential, with a conservative restart cost estimated at C$5-6 million. This effort is bolstered by the absence of outstanding royalties or encumbrances, offering investors exposure to the surging gold market. A site visit for prospective investors and analysts is planned for July 2025.
Located in Quebec’s Abitibi Gold Belt, the Beacon Gold Mill was acquired by LaFleur in late 2024, following over C$20 million in repairs and upgrades by its previous owner. The mill's strategic location in Canada’s most prolific gold-producing region, combined with record-high gold prices exceeding US$3,300 per ounce, positions LaFleur for significant growth. The company's plans align with analysts' predictions of gold prices reaching $4,000/oz by the second quarter of 2026.
For more information on LaFleur Minerals Inc. and its projects, visit https://ibn.fm/ywO6A.
