LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) has taken a significant step towards restarting its Beacon Gold Mill in Val-d’Or, Québec, by commissioning Bumigeme Inc. to conduct an independent valuation report. This report will evaluate the replacement value and restart costs for the mill and its tailings facility, which benefited from over $20 million in upgrades in 2022. The valuation is a critical component of LaFleur Minerals' strategy to secure financing and underscore the mill's potential to monetize production, particularly in connection with the Swanson Gold Project.
The move comes as LaFleur Minerals prepares for gold production and a Preliminary Economic Assessment, capitalizing on optimistic gold market conditions. Notably, J.P. Morgan's forecast of gold prices reaching $4,100 by 2026 adds a layer of urgency and opportunity to the company's efforts. The Beacon Gold Mill, capable of processing over 750 tonnes per day, is not only pivotal for the Swanson Gold Project but also for potential custom milling operations for nearby gold projects, enhancing its significance in the region's mining sector.
This development is crucial for investors and the mining industry as it highlights LaFleur Minerals' proactive steps towards leveraging its assets and the favorable gold market outlook. The independent valuation will provide a transparent assessment of the Beacon Gold Mill's value and restart feasibility, offering stakeholders a clearer picture of the company's growth trajectory and the Swanson Gold Project's potential impact on LaFleur Minerals' future.
