LaFleur Minerals Inc. has gained increased market visibility through coverage from Zacks Small Cap Research, which has indicated a fair market value of $1.04 per share for the company. This development comes as LaFleur prepares to launch gold production operations at its wholly-owned Beacon Gold Mill in Quebec's Abitibi Greenstone Belt, Canada's largest gold-producing region.
The company recently closed three financing rounds totaling $7.8 million to restart operations at the Beacon Gold Mill, which it acquired for $1.2 million at a bankruptcy sale. The mill has an estimated replacement value exceeding $70 million and contains crushing, grinding, flotation, regrind, leaching and Merrill-Crowe circuits capable of processing gold ore. The mill's strategic location along Route 117 in Val d'Or, Quebec positions it to receive feed from LaFleur's nearby Swanson Gold Project, located approximately 50 kilometers to the north.
The Swanson Gold Project comprises 445 mineral claims and one mining lease spanning more than 18,000 hectares (about 44,500 acres). This extensive land package, combined with the operational mill, creates what the company describes as an ideal trucking distance for supplying the mill with feed material. The timing of LaFleur's production restart coincides with gold reaching new market records during the past year, creating favorable conditions for junior mining companies with near-term production capabilities.
According to the company's technical disclosures, all scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101 standards. The coverage from Zacks Small Cap Research represents a significant step in LaFleur's market development, potentially leading to increased investor recognition as the company transitions toward production status.
For investors seeking additional information, the company maintains a newsroom at https://ibn.fm/LFLRF where updates are available. The coverage announcement was disseminated through Rocks & Stocks, a specialized communications platform within the Dynamic Brand Portfolio at IBN that focuses on mining industry insights. More information about this platform can be found at https://RocksAndStocks.news.
The combination of analyst coverage, completed financing, and proximity to production creates what market observers might view as a potential re-rating opportunity for LaFleur Minerals. As the company moves toward becoming a gold producer in one of North America's most established mining regions, its progress will be closely watched by investors interested in the junior mining sector during a period of strong gold prices.
