LaFleur Minerals Inc. has reported significant technical and infrastructure advancements at its Swanson Gold Deposit and wholly owned Beacon Gold Mill in Québec as the company enters the final stages of its Preliminary Economic Assessment. The progress includes completed verification drilling to support the PEA, ongoing metallurgical and mill optimization studies, and evaluation of a permitted tailings facility expansion. These developments support a disciplined, capital-efficient restart of gold production.
With gold prices well above levels seen during Beacon's last operation in 2022, LaFleur is advancing plans to restart the 750-tonne-per-day mill. The PEA indicates the mill is scalable to 1,000 tonnes per day, with potential for 3,000–4,000 tonnes per day in the longer term. The mill would process ore from the nearby Swanson Gold Project, leveraging the company's consolidated land package along a major structural break in the Abitibi Gold Belt near Val-d'Or.
The company recently completed a $7.8 million financing to fully fund the mill restart, continued metallurgical testing and infrastructure planning. LaFleur has also initiated preliminary discussions with Canadian National Railway on rail enhancements to support long-term production and logistics efficiencies. The Swanson Gold Project covers approximately 18,304 hectares and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining.
This development matters because it represents a strategic move to bring gold production back online in a favorable price environment while utilizing existing infrastructure. The Beacon Gold Mill is fully permitted and refurbished, capable of processing over 750 tonnes per day, and is being considered for processing mineralized material from Swanson and for custom milling operations for other nearby gold projects. The project's accessibility by road allows direct access to several nearby gold mills, further enhancing its development potential.
The implications extend beyond LaFleur Minerals to the broader mining sector in Québec, demonstrating how companies can leverage existing infrastructure and favorable market conditions to restart production efficiently. For investors, the completion of the PEA and progress toward production restart could signal potential value creation as the company advances toward revenue generation. The latest news and updates relating to LFLRF are available in the company's newsroom at http://ibn.fm/LFLRF.
