LaFleur Minerals Engages Bumigeme for Beacon Gold Mill Valuation to Support Restart Strategy

LaFleur Minerals Inc. has taken a significant step toward restarting its Beacon Gold Mill in Val-d'Or, Québec, by engaging Bumigeme Inc. to conduct an independent valuation report. 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 represents a critical component of LaFleur Minerals' strategy to secure financing and underscore the mill's potential to contribute to gold production, particularly in connection with the Swanson Gold Project.

The company is positioning itself to capitalize on favorable gold market conditions, with J.P. Morgan forecasting gold prices could reach $4,100 by 2026. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is not only pivotal for the Swanson Gold Project but also for potential custom milling operations for nearby gold projects. This move reflects LaFleur Minerals' commitment to advancing its district-scale gold projects in the Abitibi Gold Belt, leveraging its consolidated land package and infrastructure to deliver long-term value.

The engagement of Bumigeme represents a formal step in the company's systematic approach to mill reactivation. The independent valuation will provide third-party validation of the mill's current value and the capital requirements needed to bring it back into operation. This objective assessment is essential for potential financiers and investors who require credible data to support funding decisions. The mill's strategic location in the prolific Abitibi Gold Belt enhances its value proposition for both company projects and third-party processing opportunities.

The timing of this initiative aligns with strengthening gold market fundamentals and growing investor interest in gold assets. The valuation process will help quantify the significant infrastructure advantage that LaFleur Minerals possesses through the Beacon Gold Mill. Having a permitted and upgraded milling facility represents a substantial competitive advantage in the mining sector, where processing infrastructure often represents the largest capital expenditure component of mining projects. The company's approach demonstrates a methodical path to value creation through asset optimization and strategic positioning in a favorable commodity cycle.