LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Drilling Amid Gold Price Surge
TL;DR
LaFleur Minerals' Beacon Gold Mill restart and Swanson Project drilling offer investors a strategic advantage in Quebec's gold-rich region, with gold prices expected to surge to $4,000/oz by 2026.
LaFleur Minerals plans a 5,000-metre diamond drilling program and a PEA for open-pit mining at Swanson, with the Beacon Mill restart costing C$5-6 million, targeting early 2026 production.
LaFleur Minerals' initiatives in Quebec's Abitibi Gold Belt promise to enhance local gold production, supporting economic growth and sustainability in Canada's most prolific gold-producing region.
Gold enthusiasts and investors, LaFleur Minerals is gearing up to restart the Beacon Gold Mill and explore Swanson's potential, with site visits planned for July 2025.
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LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing plans to restart its Beacon Gold Mill in Val-d'Or, Quebec, by early 2026 while initiating a minimum 5,000-metre diamond drilling program at its Swanson Gold Project. This strategic development comes as gold prices have surged above $3,300 per ounce, with JP Morgan analysts projecting prices could reach $4,000 by the second quarter of 2026.
The company's comprehensive approach includes conducting a Preliminary Economic Assessment to evaluate open-pit mining and milling scenarios at current gold price levels. LaFleur estimates a conservative restart cost of C$5-6 million for the Beacon Mill, which will process a substantial 100,000-tonne bulk sample from the Swanson Project. The mill's strategic positioning within Quebec's prolific Abitibi Gold Belt, combined with recent refurbishments, provides LaFleur with significant advantages in the current gold market environment.
The timing of these developments is particularly significant given the favorable gold price outlook and increasing investor interest in gold mining operations. The company has extended invitations to investors and analysts for a site visit scheduled for July 2025, allowing stakeholders to observe progress directly. These combined initiatives position LaFleur for potential near-term production while offering exposure to the substantial upside potential of escalating gold prices, representing a notable advancement in the Canadian mining sector.
Curated from InvestorBrandNetwork (IBN)
