LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has announced significant steps toward the restart of its fully-permitted and recently refurbished Beacon Gold Mill in Val-d’Or, Quebec, by early 2026. This move is set to provide a much-needed milling option for surrounding gold projects in one of Canada’s most prolific gold-producing regions. The company’s initiative comes at a time when gold prices are surging, with expectations to reach $4,000 per ounce by the second quarter of 2026, according to JP Morgan analysts.
In addition to the mill restart, LaFleur Minerals is launching a minimum 5,000-metre diamond drilling program at its wholly-owned Swanson Gold Project this month. A Preliminary Economic Assessment (PEA) is currently underway to evaluate open-pit mining and milling scenarios at current gold prices. The company’s plans for the Swanson Project include a 100,000-tonne bulk sample to be processed at the Beacon Mill, with a conservative restart cost estimated at C$5-6 million. This cost includes further upgrades to the facility, which benefits from no outstanding royalties or encumbrances.
The strategic acquisition of the Beacon Gold Mill, located in Quebec’s Abitibi Gold Belt, was completed in late 2024. The mill had previously received over C$20 million in repairs and upgrades under its former owner, Monarch Mining. LaFleur Minerals’ efforts to reinitiate gold production by early 2026 are well-timed, as the company positions itself to capitalize on record-high gold prices now exceeding US$3,300 per ounce. A site visit for prospective investors and analysts is planned for July 2025, offering a closer look at the project’s potential.
For more information on LaFleur Minerals Inc. and its projects, visit https://ibn.fm/ywO6A. The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF.
