LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Drilling Amid Gold Price Surge
TL;DR
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.
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LaFleur Minerals Inc. is advancing plans to restart its Beacon Gold Mill in Val-d'Or, Quebec by early 2026 while simultaneously launching a minimum 5,000-metre diamond drilling program at its Swanson Gold Project. This strategic initiative comes as gold prices have surged above $3,300 per ounce, with JP Morgan analysts projecting prices could reach $4,000 by the second quarter of 2026. The company's comprehensive approach includes conducting a Preliminary Economic Assessment to evaluate open-pit mining and milling scenarios at current gold price levels.
The Beacon Gold Mill restart represents a significant capital investment with conservative estimates placing the cost between C$5-6 million. Once operational, the mill is designed to process a substantial 100,000-tonne bulk sample from the Swanson Project. The mill's strategic location within Quebec's prolific Abitibi Gold Belt, combined with recent refurbishments, positions LaFleur to effectively capitalize on the strengthening gold market. This timing is particularly advantageous given the current commodity price environment and positive outlook for precious metals.
LaFleur's dual-pronged strategy of mill reactivation and exploration drilling demonstrates the company's commitment to near-term production while simultaneously expanding its resource base. The Swanson Gold Project drilling program will provide critical geological data to support future mining decisions and resource estimation. Investors and analysts have been invited to a site visit scheduled for July 2025 to observe progress firsthand, offering transparency into the company's development timeline and operational readiness.
The implications of LaFleur's announcement extend beyond the company itself, representing a broader trend of mining companies reactivating idled assets in response to favorable market conditions. The Beacon Mill's restart could contribute to regional economic activity in Quebec's mining sector while providing investors with exposure to potential upside from escalating gold prices. The company's methodical approach, combining economic assessment with targeted exploration, suggests a measured strategy focused on sustainable operations rather than speculative development.
Curated from InvestorBrandNetwork (IBN)
