LaFleur Minerals Inc. has initiated a crucial phase in the restart of its Beacon Gold Mill in Val-d’Or, Québec, by commissioning Bumigeme Inc. to prepare an independent valuation report. This report will assess the replacement value and restart costs for the mill and its tailings facility, following over $20 million in upgrades completed in 2022. The valuation is essential for LaFleur Minerals to secure financing and highlight the mill's role in future gold production, especially in relation to the Swanson Gold Project.
With J.P. Morgan predicting gold prices could soar to $4,100 by 2026, LaFleur Minerals is strategically positioning the Beacon Gold Mill to benefit from these market conditions. The mill's capacity to process more than 750 tonnes per day makes it a critical asset not only for the Swanson Gold Project but also for potential custom milling services for neighboring gold projects. This initiative underscores LaFleur Minerals' dedication to developing its district-scale gold projects within the Abitibi Gold Belt, utilizing its extensive land holdings and infrastructure to generate sustainable value.
