LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has raised more than C$11 million through public and private offerings to support the restart of gold production at its Beacon Gold Mill and advance exploration across its Quebec properties, the company announced. The move positions the company to take advantage of substantially increased gold prices since early 2025, with base-case planning reflecting lower historical prices that could yield strong profitability.
The company plans to process mineralized material from its Swanson Gold Deposit at the Beacon mill, initially targeting 750 metric tons per day (TPD) before increasing throughput to 1,250 TPD as mining operations expand. LaFleur’s Swanson and recently acquired McKenzie East Gold projects encompass approximately 23,000 hectares within Canada’s prolific Abitibi Gold Belt, with the company continuing drilling programs to expand its resource base.
The Beacon Gold Mill, recently refurbished, is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. LaFleur recently released the results of a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the Beacon Gold Mill.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. The Swanson Gold Project is approximately 19,214 hectares (192 km²) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The company has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings. The project is easily accessible by road, allowing direct access to several nearby gold mills and enhancing its development potential.
The implications of this funding and production restart are significant for the gold mining industry in Quebec. By reactivating the Beacon mill, LaFleur can process material from its own deposits and potentially offer custom milling services to other nearby projects, creating a regional processing hub. The infusion of capital also allows for continued drilling to expand the resource base, which could increase the company's valuation and attract further investment. For investors, the timing coincides with a favorable gold price environment, suggesting that production could yield strong returns. The company's focus on the Abitibi Gold Belt, a historically rich mining region, further underscores the potential for long-term value creation.
For more information, visit the company’s newsroom at https://ibn.fm/LFLRF and the full article at https://ibn.fm/iHccC.
