Curated News
By: NewsRamp Editorial Staff
June 26, 2025
LaFleur Minerals Advances Gold Mill Restart Amid Surging Gold Prices
TLDR
- 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.
Impact - Why it Matters
The restart of LaFleur Minerals' Beacon Gold Mill and the development of the Swanson Gold Project come at a time when gold prices are reaching record highs, offering significant investment and production opportunities. This development is crucial for investors looking for exposure to the gold mining sector, especially in a prolific region like Quebec's Abitibi Gold Belt. The project's progress reflects the broader trend of increasing gold prices and the strategic importance of having nearby milling options, which can reduce costs and increase efficiency for gold mining operations. For the local economy and the mining sector, LaFleur's initiatives represent a boost in production capacity and potential job creation, aligning with global demand for gold.
Summary
LaFleur Minerals Inc., a Canadian near-term gold producer, is advancing its plans to restart the Beacon Gold Mill in Val-d’Or, Quebec, by early 2026, offering a crucial milling option for nearby gold projects. The company is also initiating a 5,000-metre diamond drilling program at its Swanson Gold Project and conducting a Preliminary Economic Assessment to explore open-pit mining scenarios amidst rising gold prices. With gold prices surpassing $3,300/oz and expected to reach $4,000/oz by 2026, LaFleur's strategic moves position it as a promising player in the gold mining sector. The company anticipates a conservative restart cost of C$5-6 million for the Beacon Mill, highlighting the project's potential for near-term production and investment appeal. A site visit in July 2025 is planned for prospective investors and analysts to showcase the Swanson Project's bulk sampling program and the Beacon Mill's capabilities.
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has made significant strides in acquiring and refurbishing the Beacon Gold Mill, located in Quebec's Abitibi Gold Belt, a region renowned for its gold production. The mill, previously owned by Monarch Mining, underwent over C$20 million in repairs and upgrades before LaFleur's acquisition. This strategic location and investment underscore LaFleur's commitment to leveraging the current gold price surge for substantial returns. The company's efforts are supported by MiningNewsWire, a platform dedicated to mining sector news, ensuring wide dissemination of LaFleur's developments to investors and the general public.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Advances Gold Mill Restart Amid Surging Gold Prices
