LaFleur Minerals Inc. has made significant progress in recommissioning its 100%-owned Beacon Gold Mill located in the Abitibi gold belt near Val d'Or, Quebec. The company, which trades on the Canadian Securities Exchange under the symbol LFLR and on the OTCQB Venture Market as LFLRF, has completed electrical and heating upgrades, cleanup measures, and mechanical inspections at the facility. This work represents the first steps toward restarting operations at the mill, which is strategically positioned near LaFleur's Swanson Gold Deposit.
The Abitibi region hosts several large gold exploration operations and historic mines, creating potential for custom contract processing at the Beacon Gold Mill. This could provide an additional revenue stream while LaFleur focuses on exploration and mining at its Swanson Gold Project. The company's processing capabilities are becoming increasingly attractive as gold prices have reached record levels, recently topping $5,000 per ounce in market trading. Some market analysts anticipate gold may exceed $6,000 per ounce by year's end, creating favorable conditions for gold producers and processors.
Despite winter conditions, LaFleur has continued mobilization and restart activities for both the Beacon Gold Mill and Swanson Gold Deposit. The mill is designed to support LaFleur's own production as well as potential processing for nearby mining operations, including those of exploration companies such as Agnico Eagle, Eldorado Gold, and Probe Gold/Fresnillo. Operational progress during November and December has positioned the mill to process an initial 100,000-tonne bulk sample from the Swanson Gold Deposit.
The company has conducted inspections of critical safety infrastructure and restored site services as part of the recommissioning process. The Beacon Gold Mill is central to LaFleur's vertically integrated mine-to-mill model, which aims to create operational efficiencies and control over the entire production process. This approach could provide competitive advantages in a market where gold prices continue to reach unprecedented levels.
For investors seeking additional information, the company maintains a newsroom at https://ibn.fm/LFLRF. The technical information in the company's announcements has been reviewed and approved by Louis Martin, P.Geo., who serves as Exploration Manager and Technical Advisor and is considered a Qualified Person under NI 43-101 standards. The Abitibi gold belt has historically been one of Canada's most productive gold regions, and LaFleur's positioning within this district, combined with its processing infrastructure, creates multiple pathways for revenue generation and operational growth.
