LaFleur Minerals Inc. is advancing toward gold production in Québec's Abitibi Gold Belt through a strategic approach that leverages its fully permitted Beacon Gold Mill and the 100%-owned Swanson Gold Project. The company's plan focuses on initiating near-term production to capitalize on current gold prices exceeding US$3,300 per ounce. This development strategy involves restarting the 750 tonnes per day mill by late 2025, with initial cash flow generation expected through bulk sampling and custom milling operations.
The Swanson Gold Project represents a significant asset for LaFleur Minerals, encompassing 16,600 hectares rich in gold and critical metals. This extensive land package provides the company with a vertically integrated path to growth and production expansion. The project's compliant gold resource currently exceeds 187,000 ounces, establishing a solid foundation for the company's production ambitions. The strategic location within the Abitibi Gold Belt, one of Canada's most prolific mining districts, enhances the project's potential for long-term development and value creation.
LaFleur's production timeline outlines a progressive approach, beginning with mill restart and initial operations in late 2025, followed by a transition to full-scale production targeting up to 30,000 ounces annually by early 2026. This phased development allows the company to build operational experience while generating revenue through custom milling services. The company's position in a Tier 1 mining jurisdiction provides additional advantages, including established infrastructure, skilled labor availability, and supportive regulatory frameworks that facilitate mining operations.
The current gold market environment, with prices maintaining strength above US$3,300 per ounce, creates favorable conditions for LaFleur's production plans. The company's approach to utilizing existing permitted infrastructure reduces development timelines and capital requirements compared to greenfield projects. For additional information about LaFleur Minerals Inc.'s progress and strategic plans, visit https://ibn.fm/mMIum. This development positions LaFleur as an emerging participant in Canada's mining sector, with the potential to contribute to regional economic activity while delivering value through gold production in one of the world's recognized mining districts.
