Curated News
By: NewsRamp Editorial Staff
June 23, 2025
LaFleur Minerals Secures Key Gold Mill in Quebec, Eyes Near-Term Production
TLDR
- LaFleur Minerals gains a strategic edge by acquiring the Beacon Gold Mill at a significant discount, positioning itself as a key player in Quebec's high-demand Abitibi Gold Belt.
- LaFleur Minerals acquired the Beacon Gold Mill for C$1 million, a facility previously upgraded with over C$20 million, offering immediate milling services in a prime gold mining district.
- LaFleur Minerals' acquisition and development plans contribute to local economies and the global gold supply, supporting industries and investments in sustainable mining practices.
- Discover how LaFleur Minerals turned a bankruptcy sale into a golden opportunity, acquiring a ready-to-go mill in one of the world's richest gold belts.
Impact - Why it Matters
This news is significant for investors and the mining industry as it highlights LaFleur Minerals' strategic acquisition of a fully permitted gold mill in a prime mining district at a fraction of the cost to build new. With gold prices at near-record highs, the company is well-positioned to capitalize on the demand for milling services and its own gold production, offering a compelling investment opportunity and contributing to the local economy.
Summary
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) has made a strategic acquisition of the Beacon Gold Mill in Quebec's Abitibi Gold Belt, a move that positions the company as a near-term gold producer with a significant advantage in the current gold market. Acquired for just C$1 million from Monarch Mining following its bankruptcy, the mill, which had over C$20 million invested in upgrades, is now a cornerstone asset for LaFleur. This acquisition is timely, given the surge in gold prices, and places LaFleur in a prime position to meet the growing demand for milling services in the region. Additionally, the company's Swanson Gold Project, located 50 km from the Beacon Mill, further enhances its mining prospects. LaFleur is already attracting interest from potential funders, aiming for near-term revenue through custom milling and its own gold production.
The Beacon Mill's ready-to-go status in a high-demand mining district offers a rare opportunity in today's mining sector, where such assets can take years and significant capital to develop. LaFleur's strategic positioning and the current gold price environment underscore the potential for significant growth and profitability. For more details on LaFleur Minerals and its innovative approach to gold production, visit LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF).
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, LaFleur Minerals Secures Key Gold Mill in Quebec, Eyes Near-Term Production
