LaFleur Minerals Targets 2026 Gold Production Restart in Quebec's Abitibi Belt

LaFleur Minerals Inc. is advancing plans to restart gold production at its Beacon Gold Mill in Quebec's Abitibi Greenstone Belt, with processing of mineralized material from its Swanson Gold Project anticipated to begin in early 2026. The company is currently completing a Preliminary Economic Assessment for the production restart, leveraging extensive historical data from over 36,000 meters of drilling at the Swanson site.

The timing coincides with favorable market conditions, as gold prices have surged above $4,000 per ounce this year, compared to approximately $1,600 when the Beacon mill ceased operations in 2022. This price appreciation creates a significantly improved economic environment for the project's revival. LaFleur recently secured additional funding through a flow-through private placement that raised more than $1.66 million to support operational development.

Both the Swanson Gold Project and Beacon Gold Mill are situated in Val-d'Or, Quebec, within the historically productive Abitibi Gold Belt that has yielded over 190 million ounces of gold. The region represents one of the world's most established and lowest-risk mining jurisdictions, offering LaFleur Minerals a de-risked operational environment with existing permitted infrastructure. The company describes this combination of near-term production potential, fully permitted facilities, and prime location as offering investors "a de-risked, high-leverage opportunity to participate in Québec's next wave of gold consolidation and production growth."

Technical information for the project has been reviewed and approved by Louis Martin, P.Geo., Exploration Manager and Technical Advisor of the company, who serves as a Qualified Person under NI 43-101 standards. The company's latest developments are available through its newsroom at https://ibn.fm/LFLRF.

The planned production restart represents a strategic move to capitalize on both rising commodity prices and established mining infrastructure. With high-grade intervals at the Swanson project potentially suitable for open pit mining scenarios, LaFleur Minerals positions itself as a near-term producer rather than an early-stage explorer. This transition from exploration to production, combined with the project's location in a historically rich mining district, could contribute to regional economic activity while providing exposure to gold's price appreciation for investors seeking opportunities in the mining sector.