LaFleur Minerals (CSE:LFLR) is progressing towards undertaking the gold pour at the Beacon Gold Mill in Québec, Canada, with work continuing to advance across critical plant systems.
Several major components are now refurbished or nearing operational readiness.
The company says electrical upgrades and winterisation improvements have been completed, while numerous pumps, material handling systems, and key processing components have been inspected, repaired and prepared for the restart.
To date, 30% of the total budget has been spent on the project, which remains firmly under cost control.
LaFleur Minerals says the initiatives represent milestones as the company prepares for recommissioning and the mill’s restart. The company’s strategy focuses on combining resource development at the Swanson gold deposit within the permitted Beacon Gold Mill to accelerate the pathway to production.
CEO Paul Ténière says after only 18 months of listing on the Canadian Securities Exchange, the company controls a district-scale exploration project as potential primary feed source, the Beacon tailings pond, and fully permitted processing infrastructure.
“It is highly uncommon for emerging resource companies to simultaneously hold a large-scale exploration land package and access to owned milling infrastructure, particularly this early in their corporate lifecycle,” Ténière says.
“LaFleur Minerals is advancing its PEA in parallel with the refurbishment of an existing processing facility, materially compressing the timeline between resource delineation and potential production.
“As our PEA approaches completion, targeted for March 2026, and as we prepare for pre-operational tests and system checks at the Beacon Gold Mill in the coming months, we are transitioning from pure exploration and development to gold production execution, positioning LaFleur Minerals as a near-term production story supported by tangible infrastructure and a district-scale growth platform.”
LaFleur’s Beacon Gold Mill, Swanson Gold Deposit, and Beacon Tailings Pond are situated centrally within the southern Abitibi Greenstone Belt. The mill, located in the heart of this mining camp, underwent more than C$20 million in recent upgrades and modernisation prior to its most recent gold production in 2022, when gold prices were approximately US$2,000 per ounce.
With gold prices significantly higher, breaking above US$4,900 per ounce, the company believes that the strategic value of owning the fully permitted Beacon Gold Mill, Tailings Pond, and related infrastructure provides a compelling foundation for near-term gold production and long-term district-scale growth.
Trading Economics reports gold rose to around US$4,930 an ounce on Wednesday 18 February, recouping some losses from a two-day decline. Over the past month, gold’s price has risen 6.02%, and is up 68.95% compared to the same time last year.
Write to Aaliyah Rogan at Mining.com.au
Images: LaFleur Minerals
