LaFleur Minerals Targets 2026 Gold Production Restart in Quebec's Abitibi Greenstone Belt
TL;DR
LaFleur Minerals offers investors a de-risked, high-leverage opportunity to capitalize on gold's surge above $4,000 per ounce through near-term production in Quebec's prolific gold belt.
LaFleur Minerals is completing a PEA to restart its Beacon Gold Mill in 2026, using historical data from over 36,000 meters of drilling at its Swanson Gold Project.
LaFleur Minerals' operations in Quebec's low-risk jurisdiction contribute to responsible gold production, supporting local economies and sustainable resource development in a historic mining region.
Gold has rocketed from $1,600 to over $4,000 per ounce since LaFleur's mill shutdown in 2022, creating exciting timing for their 2026 production restart.
Found this article helpful?
Share it with your network and spread the knowledge!
LaFleur Minerals Inc. is completing a Preliminary Economic Assessment to restart production at its Beacon Gold Mill, which will process mineralized material from its Swanson Gold Project located in Quebec's renowned Abitibi Greenstone Belt. The company anticipates beginning operations in early 2026, leveraging extensive historical data from over 36,000 meters of drilling that includes high-grade intervals suitable for open pit mining scenarios. This development comes as gold prices have surged above $4,000 per ounce this year, a significant increase from the $1,600 price when the mill ceased operations in 2022.
The company's assets are strategically positioned in Val-d'Or, Quebec, within one of the world's most prolific and lowest-risk mining jurisdictions. The Abitibi Gold Belt has historically produced more than 190 million ounces of gold, making it a globally significant mining region. LaFleur Minerals combines near-term production potential with fully permitted infrastructure, offering what the company describes as a de-risked, high-leverage opportunity for investors interested in Quebec's next wave of gold consolidation and production growth.
To support its operational plans, LaFleur recently closed a flow-through private placement offering that raised more than $1.66 million in aggregate gross proceeds. The company's technical information has been reviewed and approved by qualified personnel, including Louis Martin, P.Geo., who serves as Exploration Manager and Technical Advisor. Investors seeking additional information can access the company's newsroom at https://ibn.fm/LFLRF for the latest updates and developments.
The timing of this production restart aligns with favorable market conditions and growing investor interest in gold assets within stable mining jurisdictions. The company's approach of utilizing existing infrastructure at the Beacon Gold Mill while developing the Swanson Gold Project represents a capital-efficient strategy that could accelerate production timelines compared to greenfield developments. This development contributes to ongoing activity in Quebec's mining sector, which continues to attract investment due to its established infrastructure, skilled workforce, and supportive regulatory environment.
Curated from InvestorBrandNetwork (IBN)
