Curated News
By: NewsRamp Editorial Staff
September 09, 2026
LaFleur Minerals Appoints New CEO, Advances Trafigura Due Diligence
TLDR
- LaFleur Minerals appoints Andrew Elinesky as CEO, leveraging his financial expertise to advance financing and offtake deals, potentially boosting shareholder value.
- LaFleur Minerals progresses due diligence with Trafigura after site visit to Beacon Mill and Swanson Project, detailing prepayment and gold doré offtake arrangements.
- LaFleur Minerals' new CEO Andrew Elinesky brings leadership to responsibly develop gold projects, aiming to create jobs and economic growth in Val-d'Or, Québec.
- Andrew Elinesky, ex-Sabre Gold CEO, now leads LaFleur Minerals, which operates a 750-tonne-per-day mill and eyes custom milling for neighbors.
Impact - Why it Matters
This leadership change and progress in due diligence signal LaFleur Minerals' commitment to advancing its gold projects and securing strategic partnerships. For investors, the appointment of an experienced CEO like Andrew Elinesky could bring renewed focus on capital markets and financing, potentially enhancing the company's ability to fund development. The ongoing due diligence with Trafigura, a major global commodity trader, suggests potential for off-take and prepayment agreements that could de-risk the Beacon Mill restart and Swanson Project development. These developments could impact LaFleur's stock performance and the broader perception of its growth prospects in the gold mining sector.
Summary
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has announced a significant leadership change with the appointment of Andrew Elinesky as its new CEO, effective immediately. Elinesky, who brings over two decades of senior executive and financial leadership experience, previously served as president and CEO of Sabre Gold Mines Corp., which was acquired in February 2025. He will oversee corporate strategy, capital markets, financing, and investor relations, while former CEO Paul Ténière will continue as president and a director, focusing on technical and operational activities. This strategic move aims to strengthen the company's financial and strategic direction as it advances its key projects.
In addition to the leadership transition, LaFleur provided updates on its Beacon Gold Mill and the ongoing due diligence with Trafigura Canada Limited for proposed prepayment and gold doré offtake arrangements. Representatives from Trafigura and company management completed a two-day site visit to the Beacon Gold Mill and Swanson Gold Project on August 10-11, which included inspections of the mill and process circuits, a review of recommissioning progress, and an inspection of the diamond drilling program at the Swanson Deposit. While the due diligence is progressing, the company noted that there is no assurance that definitive agreements will be reached or that they will be on the terms currently contemplated.
LaFleur Minerals is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec. The company's mission is to advance mining projects with a laser focus on its PEA-stage Swanson Gold Project and the Beacon Gold Mill. The Swanson Gold Project includes 481 claims and one mining lease covering 200.7 km², with several gold and critical metals prospects previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The Beacon Gold Mill has a capacity of over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations. The company recently released a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the mill. Investors can find the latest news and updates about LFLRF in the company's newsroom at http://ibn.fm/LFLRF.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Appoints New CEO, Advances Trafigura Due Diligence
