LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) Nears Restart of Gold Production this Quarter with First Gold Pour on the Horizon
Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF)and may include paid advertising.
- Junior Canadian near-term gold producer LaFleur Minerals is positioned to restart operations at its Beacon Gold Mill in Canada’s prolific Abitibi Greenstone Belt
- LaFleur will use a bulk sample remaining from the previous company’s operations at its nearby Swanson Gold Project to produce its first gold pour, with the aim to increase the daily processing capacity of the mill over the next year
- Gold’s spot price has roughly doubled since January of last year and, although the price has fluctuated in response to geopolitical pressures during the past month, the price has remained near record levels
- LaFleur’s strategy is based on the low CapEx and low complexity of its mine-to-mill project, using a low base case scenario in its recent positive PEA that outlines robust economics, thanks to opportune key asset acquisitions, funding efforts, and the project’s strategic location in an established mining region
Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is positioned to begin gold production during the current quarter at its key asset, Beacon Gold Mill, in the prolific Abitibi Belt of Québec, anticipating a quick entry into the market that takes advantage of pricing pressures keeping the precious metal in record territory.
Gold has enjoyed a massive surge in spot value since the beginning of the current U.S. administration, almost doubling since January 2025 despite global political variables. Recent market fluctuations have brought gold back from its record peak last month, but it continues to hover near that high level and experienced a bit of a rebound in early April as the United States and Israel agreed to a temporary ceasefire in their war with Iran, the most recent of the geopolitical concerns (https://nnw.fm/JfAEv ).
LaFleur CEO and Director Paul Ténière told investors during a March 24 webinar that the company’s profitability forecast is built on a base case price closer to where gold traded in January 2025, meaning that even with recent fluctuations the precious metal’s price remains far above the level LaFleur has developed as the foundation for its positive income strategy.
“With this being such a low-cost operation, we don’t anticipate any issues there at all,” Ténière said during the web presentation. “We’re looking at an all-in sustaining cost of just under $1,600 an ounce. Which, again, is very impressive. And, again, this is at a base case of $2,750. Our technical report will be looking at a sensitivity of up-to-$5,000 gold. … We can certainly be running (our Swanson gold project) for the next few years and be a very cost-effective and profitable operation.”
LaFleur’s Swanson Gold Project covers 192 square kilometers near Val d’Or, Quebec, an established jurisdiction and mining camp for labor and resources that sustain the varied exploration efforts throughout the Abitibi region in eastern Canada. The company is working with railroad officials to establish a spur from the rail line running across the property directly to its Beacon Gold Mill, which would simplify transport and enhance economics.
“We can actually, if we needed to, bring in material from anywhere within Quebec, and even Ontario, all the way to Red Lake if we needed to,” Ténière said. “So we’ve had many inquiries about toll milling, custom milling. Our main focus is to actually, because Swanson is in the short-term going to be in production, is to of course focus on that. But with the upgrades we’ve been discussing we could look at multiple options.”
The plans to restart gold production at Beacon Gold Mill hinge on completing the recommissioning and rehabilitation process under way since LaFleur obtained the mill two years ago in the former owner’s bankruptcy sale, with previously announced mill recommissioning work approximately halfway there and progressing every day.
“We were very lucky to get this mill at a very low cost,” Ténière said. “This was at a time when gold prices were obviously much lower. But this was a mill that was in excellent condition. When we acquired it it was as if the crew had left the day before. … We’re now over 50% of the way (toward restarting production) and staying within the original budget of almost $4 million for that.”
Beacon Gold Mill will initially be able to process material at 750 metric tons per day (“TPD”), using approximately 100,000 metric tons from a bulk sample to establish the company’s first gold pour. Following a staged approach to increasing production, the company will spend the first year building up to 1,000 TPD and then to 1,250 TPD. Its two-year target is 3,000 to 4,000 TPD, Ténière said.
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://nnw.fm/LFLRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF)and may include paid advertising.
- Junior Canadian near-term gold producer LaFleur Minerals is positioned to restart operations at its Beacon Gold Mill in Canada’s prolific Abitibi Greenstone Belt
- LaFleur will use a bulk sample remaining from the previous company’s operations at its nearby Swanson Gold Project to produce its first gold pour, with the aim to increase the daily processing capacity of the mill over the next year
- Gold’s spot price has roughly doubled since January of last year and, although the price has fluctuated in response to geopolitical pressures during the past month, the price has remained near record levels
- LaFleur’s strategy is based on the low CapEx and low complexity of its mine-to-mill project, using a low base case scenario in its recent positive PEA that outlines robust economics, thanks to opportune key asset acquisitions, funding efforts, and the project’s strategic location in an established mining region
Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is positioned to begin gold production during the current quarter at its key asset, Beacon Gold Mill, in the prolific Abitibi Belt of Québec, anticipating a quick entry into the market that takes advantage of pricing pressures keeping the precious metal in record territory.
Gold has enjoyed a massive surge in spot value since the beginning of the current U.S. administration, almost doubling since January 2025 despite global political variables. Recent market fluctuations have brought gold back from its record peak last month, but it continues to hover near that high level and experienced a bit of a rebound in early April as the United States and Israel agreed to a temporary ceasefire in their war with Iran, the most recent of the geopolitical concerns (https://nnw.fm/JfAEv ).
LaFleur CEO and Director Paul Ténière told investors during a March 24 webinar that the company’s profitability forecast is built on a base case price closer to where gold traded in January 2025, meaning that even with recent fluctuations the precious metal’s price remains far above the level LaFleur has developed as the foundation for its positive income strategy.
“With this being such a low-cost operation, we don’t anticipate any issues there at all,” Ténière said during the web presentation. “We’re looking at an all-in sustaining cost of just under $1,600 an ounce. Which, again, is very impressive. And, again, this is at a base case of $2,750. Our technical report will be looking at a sensitivity of up-to-$5,000 gold. … We can certainly be running (our Swanson gold project) for the next few years and be a very cost-effective and profitable operation.”
LaFleur’s Swanson Gold Project covers 192 square kilometers near Val d’Or, Quebec, an established jurisdiction and mining camp for labor and resources that sustain the varied exploration efforts throughout the Abitibi region in eastern Canada. The company is working with railroad officials to establish a spur from the rail line running across the property directly to its Beacon Gold Mill, which would simplify transport and enhance economics.
“We can actually, if we needed to, bring in material from anywhere within Quebec, and even Ontario, all the way to Red Lake if we needed to,” Ténière said. “So we’ve had many inquiries about toll milling, custom milling. Our main focus is to actually, because Swanson is in the short-term going to be in production, is to of course focus on that. But with the upgrades we’ve been discussing we could look at multiple options.”
The plans to restart gold production at Beacon Gold Mill hinge on completing the recommissioning and rehabilitation process under way since LaFleur obtained the mill two years ago in the former owner’s bankruptcy sale, with previously announced mill recommissioning work approximately halfway there and progressing every day.
“We were very lucky to get this mill at a very low cost,” Ténière said. “This was at a time when gold prices were obviously much lower. But this was a mill that was in excellent condition. When we acquired it it was as if the crew had left the day before. … We’re now over 50% of the way (toward restarting production) and staying within the original budget of almost $4 million for that.”
Beacon Gold Mill will initially be able to process material at 750 metric tons per day (“TPD”), using approximately 100,000 metric tons from a bulk sample to establish the company’s first gold pour. Following a staged approach to increasing production, the company will spend the first year building up to 1,000 TPD and then to 1,250 TPD. Its two-year target is 3,000 to 4,000 TPD, Ténière said.
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://nnw.fm/LFLRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
