LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has made a strategic acquisition of the Beacon Gold Mill in Quebec’s Abitibi Gold Belt for C$1 million (US$ 0.73 million), a move that significantly enhances its position in the gold mining sector. The mill, purchased from Monarch Mining following its bankruptcy, was acquired at a fraction of the over C$20 million invested in its upgrades, offering LaFleur a cost-effective solution to meet the increasing demand for milling services in the region.
The Beacon Mill, situated in Val-d’Or, Quebec, is a fully permitted and refurbished facility that provides an immediate solution for gold processing, bypassing the 3–5 years typically required for permitting and the US$80–100 million investment needed to construct a new facility. This acquisition not only gives LaFleur a competitive edge but also supports the local economy by facilitating mining operations in the gold-rich Abitibi Gold Belt.
In addition to the Beacon Mill, LaFleur owns the Swanson Gold Project, located 50 km away, which it intends to develop for its mining operations. The company is already drawing interest from potential investors for its milling services and gold project, aiming for quick revenue generation through custom milling and gold production. This strategic acquisition underscores LaFleur’s commitment to leveraging the current high gold prices to strengthen its market position and contribute to the regional mining industry.
