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

LaFleur Minerals Inc. has taken a significant step towards 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 is 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 Inc. represents a strategic milestone in LaFleur Minerals' comprehensive plan to reactivate the Beacon Gold Mill facility. The independent valuation will provide crucial financial documentation needed to support the company's financing initiatives and demonstrate the substantial value embedded in the recently upgraded infrastructure. The mill's processing capacity of over 750 tonnes per day positions it as a significant regional asset capable of serving multiple mining operations in the area.

This development comes at a time when market analysts are projecting substantial growth in gold prices, creating favorable conditions for gold mining and processing operations. The valuation process will assess both the replacement cost of the mill facilities and the capital requirements for bringing the operation back online, providing potential investors and financial partners with transparent, third-party verified data. The comprehensive assessment will cover all aspects of the mill complex and its associated tailings management infrastructure.

The Beacon Gold Mill's strategic location in the prolific Abitibi Gold Belt enhances its value proposition, offering processing capabilities for both LaFleur Minerals' own Swanson Gold Project and potential third-party mining operations in the region. The facility's recent $20 million upgrade program has modernized its operations and improved its environmental performance, making it an attractive asset in the current mining landscape. This valuation initiative demonstrates LaFleur Minerals' methodical approach to asset optimization and value creation for shareholders.