LaFleur Minerals Inc. Advances Beacon Gold Mill Restart with Independent Valuation
TL;DR
LaFleur Minerals' valuation of the Beacon Gold Mill could unlock significant financing opportunities and position the company for lucrative gold production amid rising gold prices.
LaFleur Minerals commissioned Bumigeme Inc. to evaluate the Beacon Gold Mill's replacement value and restart costs, following $20 million in 2022 upgrades, to support future financing and production plans.
LaFleur Minerals' development of the Swanson Gold Project and Beacon Gold Mill contributes to local economies and advances sustainable gold mining practices in Québec.
With gold prices potentially reaching $4,100 by 2026, LaFleur Minerals' strategic upgrades and assessments at the Beacon Gold Mill mark a pivotal moment in gold mining.
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LaFleur Minerals Inc. has initiated a pivotal phase in its plan to restart the 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, which underwent over $20 million in upgrades in 2022. The valuation is essential for LaFleur Minerals to secure financing and highlight the mill's potential to enhance 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 itself to benefit from these favorable market conditions. The Beacon Gold Mill, with a processing capacity exceeding 750 tonnes per day, is not only critical for the Swanson Gold Project but also for potential custom milling services for adjacent gold projects. This initiative underscores LaFleur Minerals' dedication to progressing its district-scale gold projects within the Abitibi Gold Belt. By utilizing its consolidated land package and existing infrastructure, the company aims to generate sustainable, long-term value.
For more information on LaFleur Minerals Inc. and its projects, visit https://www.lafleurminerals.com.
Curated from InvestorBrandNetwork (IBN)
