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. is advancing plans to restart its Beacon Gold Mill in Val-d'Or, Quebec by early 2026 while simultaneously launching a minimum 5,000-metre diamond drilling program at its Swanson Gold Project. This strategic initiative 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 dual approach of mill reactivation and exploration drilling represents a comprehensive strategy to leverage favorable market conditions in the gold sector.
The company is conducting a Preliminary Economic Assessment to evaluate open-pit mining and milling scenarios at current gold prices, providing critical data for operational planning. LaFleur anticipates a conservative restart cost of C$5-6 million for the Beacon Mill, which will process a 100,000-tonne bulk sample from the Swanson Project. The mill's strategic location within Quebec's Abitibi Gold Belt, combined with recent refurbishments, positions the facility to efficiently process material from the company's nearby gold properties.
The timing of these developments aligns with strong market fundamentals for gold, creating potential for significant returns. Investors and analysts are invited to a site visit in July 2025 to observe progress firsthand, offering transparency into the company's operational advancements. LaFleur's initiatives not only promise near-term production capabilities but also provide exposure to potential upside from escalating gold prices, making this a significant development in the junior mining sector. The combination of infrastructure reactivation and aggressive exploration underscores the company's commitment to creating shareholder value through strategic asset development in one of Canada's most prolific gold regions.
Curated from InvestorBrandNetwork (IBN)
