- LaFleur Minerals (CSE:LFLR) expects to reach gold production in early 2026 at its past-producing Beacon mill in Quebec, positioning investors to benefit from operational leverage above record-high gold prices of more than US$3,300 per ounce
- LaFleur Minerals is pursuing the development of district-scale gold projects in the Abitibi gold belt near Val-d’Or, Quebec
- LaFleur Minerals stock has added 9.68 per cent since adopting its current name in June 2024
LaFleur Minerals (CSE:LFLR) expects to reach gold production in early 2026 at its past-producing Beacon mill in Quebec, positioning investors to benefit from operational leverage above record-high gold prices of more than US$3,300 per ounce.
The 750-ton-per-day mill resides near numerous gold deposits and existing infrastructure, and offers direct access to roads, power and labor, optimally positioning LaFleur for near-term production.
Beacon’s restart plan includes C$3.8 million for upgrades in maintenance and equipment and C$1.8 million for tailings storage facility repairs. The facility underwent C$20 million in repairs and upgrades before the company acquired it in Fall 2024.
Concurrently, LaFleur is advancing towards a preliminary economic assessment (PEA) at its Swanson project, with processing at Beacon, including an imminent, fully funded 5,000-metre drilling program to follow up on more than 50 propitious targets, including a grab sample of 11.7 grams per ton of gold. The company is also moving forward with permitting to process a 100,000-ton Swanson bulk sample at Beacon to better understand the project’s metallurgy.
The 166-square-kilometre Swanson project offers exposure to 123,400 ounces of gold indicated and 64,500 ounces inferred, with numerous gold and critical metals prospects offering ample upside potential.
According to Monday’s news release, LaFleur is in discussions with numerous interested parties to restart production. The company is planning a site visit in July for analysts and potential investors.
Leadership insights
“Based on our recent detailed assessments, the Beacon gold mill requires minimal repairs and improvements, and we are methodically executing a strategy to eventually restart production at the mill,” Paul Ténière, LaFleur Minerals’ chief executive officer, said in a statement. “We are also excited to commence planning for a large bulk sample at Swanson and a PEA to evaluate a mining and processing scenario at current record gold prices. With gold prices at record highs, this is a pivotal year for LaFleur Minerals as we focus on restarting gold production at the Beacon gold mill and diamond drilling at the Swanson gold project to increase mineral resources.”
About LaFleur Minerals
LaFleur Minerals is pursuing the development of district-scale gold projects in the Abitibi gold belt near Val-d’Or, Quebec.
LaFleur Minerals stock (CSE:LFLR) is up by 13.33 per cent trading at C$0.34 as of 10:57 am ET. The stock has added 9.68 per cent since adopting its current name in June 2024.
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