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. 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 comprehensive approach includes conducting a Preliminary Economic Assessment to evaluate open-pit mining and milling scenarios at current gold price levels.
The Beacon Mill restart represents a significant opportunity for LaFleur, 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 operational readiness and position the company to capitalize on the favorable gold market conditions. The timing of these developments aligns with broader market trends supporting gold investment and production.
LaFleur's dual focus on mill restart and exploration drilling creates multiple value drivers for the company. The diamond drilling program at Swanson aims to expand the project's resource base and support the bulk sample processing plan. Investors and analysts will have the opportunity to assess progress firsthand during a scheduled site visit in July 2025. These initiatives collectively position LaFleur for potential near-term production while providing exposure to the upside potential of escalating gold prices, representing a significant development in the Canadian mining sector.
Curated from InvestorBrandNetwork (IBN)
