LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has signed a definitive gold and silver purchase agreement with Ocean Partners and is advancing its Beacon Gold Mill toward production, according to a company announcement disseminated on behalf of LaFleur Minerals Inc. The company owns the fully permitted and refurbished Beacon Gold Mill and tailings storage facility in Val-d'Or, Québec, as well as the nearby Swanson Gold Project, which contains the PEA-stage Swanson Gold Deposit and numerous other gold targets.
The agreement with Ocean Partners is a definitive gold and silver purchase agreement, meaning it sets out binding terms for the sale of precious metals, though specific volumes, pricing, and duration were not disclosed in the source content. The Beacon Gold Mill is fully permitted and last operated in early 2023 under a previous operator, when the gold price was under US$2,000 per ounce. LaFleur Minerals is working toward restarting gold production at the Beacon Gold Mill in the coming period. The company said Read More>> for additional details on the announcement.
The restart matters because the mill's prior operation occurred when gold traded below US$2,000 an ounce, a level that has since been exceeded. Reopening a permitted and refurbished facility could allow LaFleur to capitalize on higher prices without the time and capital required to build a new mill from scratch. The mill and tailings storage facility are already in place, and the Swanson Gold Project provides nearby feed potential through its PEA-stage deposit and other targets. For investors, the definitive purchase agreement with Ocean Partners may reduce uncertainty around future sales channels, while the path to production offers a potential catalyst. The latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF.
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