Curated News
By: NewsRamp Editorial Staff
July 30, 2026
LaFleur Minerals Raises C$11M to Restart Gold Production at Beacon Mill
TLDR
- LaFleur Minerals raised C$11M to restart gold production at Beacon Mill, targeting profitability amid rising gold prices.
- LaFleur plans to process 750 TPD from Swanson Deposit at Beacon Mill, scaling to 1,250 TPD as mining expands.
- LaFleur's gold production in Quebec's Abitibi Belt supports local employment and economic growth.
- LaFleur's Swanson and McKenzie East projects span 23,000 hectares in Canada's prolific Abitibi Gold Belt.
Impact - Why it Matters
This news matters because it signals a significant step toward near-term gold production in the Abitibi Gold Belt, one of Canada's most prolific mining regions. With gold prices rising, LaFleur's low-capital-expenditure restart of the Beacon Gold Mill could generate strong profitability, potentially benefiting investors and local economies. The successful fundraising and positive PEA results indicate the company's viability, offering a tangible development pathway in the gold mining sector.
Summary
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has successfully raised over C$11 million through public and private offerings to restart gold production at its Beacon Gold Mill and advance exploration across its Quebec properties. The company plans to process mineralized material from its Swanson Gold Deposit, initially targeting 750 metric tons per day (TPD) and increasing throughput to 1,250 TPD as mining operations expand. LaFleur’s Swanson and recently acquired McKenzie East Gold projects span approximately 23,000 hectares within Canada’s prolific Abitibi Gold Belt. The company continues drilling programs to expand its resource base. With gold prices rising substantially since early 2025 and base-case planning reflecting lower historical prices, LaFleur expects strong profitability from its planned production operations.
LaFleur Minerals is focused on developing 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, which have significant potential to deliver long-term value. The Swanson Gold Project is approximately 19,214 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break hosting the Swanson, Bartec, and Jolin gold deposits. The project is easily accessible by road, allowing direct access to several nearby gold mills. The recently refurbished Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects.
LaFleur recently released the results of a positive Preliminary Economic Assessment (PEA) for the Swanson Gold Project and the planned restart of the Beacon Gold Mill. The company’s newsroom at https://ibn.fm/LFLRF provides the latest updates. This development positions LaFleur as a potential near-term gold producer in a rising gold price environment, with a clear pathway to production and robust economics highlighted in the PEA.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Raises C$11M to Restart Gold Production at Beacon Mill
