LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has taken a pivotal step towards the restart of its Beacon Gold Mill in Val-d’Or, Québec, by commissioning Bumigeme Inc. to conduct an independent valuation. This report will evaluate the replacement value and restart costs for the mill and its tailings facility, which benefited from over $20 million in upgrades in 2022. The valuation is a critical component of LaFleur Minerals' strategy to secure financing and underscore the mill's potential to generate revenue, particularly in connection with the Swanson Gold Project.
The move comes as LaFleur Minerals prepares for gold production and a Preliminary Economic Assessment, capitalizing on favorable market conditions. Notably, J.P. Morgan's forecast of gold prices reaching $4,100 by 2026 adds a layer of optimism to the company's endeavors. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is not only central to the Swanson Gold Project but also presents opportunities for custom milling operations for nearby gold projects, enhancing its significance in the region's mining sector.
Located in the Abitibi Gold Belt, the Swanson Gold Project spans approximately 16,600 hectares and includes several gold and critical metal-rich prospects. The project's accessibility by road and rail further bolsters its development potential, making the Beacon Gold Mill's restart a matter of considerable interest to investors and the mining industry at large. This development signals LaFleur Minerals' commitment to advancing its mining projects with a focus on long-term value creation, amidst a promising outlook for gold prices.
For further details on LaFleur Minerals Inc.'s latest developments, interested parties can refer to the company's newsroom at http://ibn.fm/LFLRF.
