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LaFleur Minerals Advances Beacon Mill Restart with High-Grade Swanson Results

LaFleur Minerals updates Beacon Gold Mill restart plans with high-grade Swanson drill results. Independent evaluation confirms $5M restart budget for mill valued at over C$71.5M replacement cost.

This development matters because it represents significant progress in bringing a substantial gold production facility back online in one of Canada's most productive mining regions. The Abitibi Gold Belt has historically been a major gold producer, and the restart of the Beacon Gold Mill could contribute to regional economic activity while adding to global gold supply. For investors, the confirmation of restart readiness within a $5 million budget versus replacement costs exceeding C$71.5 million demonstrates substantial value preservation. The high-grade, near-surface intercepts at Swanson suggest potential for cost-effective open-pit mining operations, which typically have lower capital requirements and faster production timelines compared to underground operations. The timing is particularly relevant given current gold market conditions and increasing demand for secure, jurisdictionally-safe gold assets in stable mining jurisdictions like Québec.