LaFleur Minerals Advances Beacon Gold Mill Restart and Swanson Drilling Program 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 Mill restart represents a significant opportunity for LaFleur Minerals, with estimated conservative restart costs between C$5-6 million. The mill is designed to process a 100,000-tonne bulk sample from the Swanson Project, leveraging its strategic location within Quebec's prolific Abitibi Gold Belt. Recent refurbishments to the facility enhance its operational readiness and position the company to effectively capitalize on the strengthening gold market conditions. The mill's infrastructure and location provide competitive advantages for efficient gold processing operations.
LaFleur's dual-focused strategy combines near-term production potential with exploration upside through the substantial drilling program at Swanson. The 5,000-metre diamond drilling initiative aims to expand the project's resource base and support the planned bulk sample processing. Investors and analysts have been invited to a site visit scheduled for July 2025 to observe progress firsthand and assess the development milestones achieved. This transparency initiative demonstrates the company's confidence in its project timeline and operational capabilities.
The timing of LaFleur's development push aligns with favorable market fundamentals in the gold sector. With gold prices maintaining strong momentum and analysts forecasting continued appreciation, the company's initiatives offer exposure to potential upside from escalating precious metal values. The combination of mill restart preparations and aggressive exploration drilling creates a comprehensive development pathway that could position LaFleur Minerals for significant growth as gold markets continue to strengthen through 2026 and beyond.
Curated from InvestorBrandNetwork (IBN)
