LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Drilling Program 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 surge 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 using current gold price assumptions.
The Beacon Mill restart represents a significant opportunity for LaFleur Minerals, with conservative restart costs estimated between C$5-6 million. The mill is designed to process a 100,000-tonne bulk sample from the Swanson Project, leveraging its strategic location within Quebec's prolific Abitibi Gold Belt. Recent refurbishments to the facility enhance its readiness for production, positioning the company to benefit from favorable market conditions. The timing aligns with strengthening gold fundamentals and increasing investor interest in precious metals assets.
LaFleur's dual-focused strategy combines near-term production potential with exploration upside through the substantial drilling program at Swanson. Investors and analysts will have the opportunity to assess progress firsthand during a scheduled site visit in July 2025. The company's initiatives provide exposure to both immediate production capabilities and the potential upside from escalating gold prices, making this development particularly significant within the current mining sector landscape. The combination of infrastructure readiness, strategic location, and favorable market timing creates a compelling proposition for stakeholders monitoring gold sector opportunities.
Curated from InvestorBrandNetwork (IBN)
