Blockchain Registration Transaction Record

LaFleur Minerals Secures $6.9M to Restart Gold Production in Abitibi Belt

LaFleur Minerals raises $6.9M to restart Beacon Gold Mill in Québec's Abitibi belt, targeting near-term gold production from existing stockpiles and advancing Swanson Project.

This development matters because it signals the revival of gold production capacity in one of Canada's most prolific mining regions during a period of sustained gold price strength. For investors, it represents a near-term production opportunity with reduced exploration risk, as the company will initially process existing stockpiles. For the mining sector, it demonstrates continued capital availability for promising projects despite market volatility. The Abitibi Gold Belt has historically produced over 180 million ounces of gold, making new production there strategically significant for both regional economies and global gold supply. Successful restart of the Beacon Gold Mill could create jobs, generate local economic activity, and potentially increase gold output from a stable jurisdiction at a time when geopolitical uncertainties are driving demand for safe-haven assets.