Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF)and may include paid advertising.
- LaFleur Minerals is a junior Canadian near-term gold producer preparing to restart its 100%-owned gold mill to process material from its nearby gold project in the prolific Abitibi gold mining region of eastern Canada
- LaFleur released a report last month on the results of a positive Preliminary Economic Assessment (“PEA”) that supports the company’s financial strategy and provides guidance as it anticipates near-term operational profits
- The company has filed an independent technical report prepared in accordance with National Instrument 43-101, following on the PEA’s findings and additional reports that outline the company’s assets
- LaFleur anticipates a low-CapEx project with robust economics based on the PEA results, current gold market, established mill infrastructure and wealth of historical exploration work, including 18,000 metres of drilling at Swanson in 2025, a project that expanded to 19,214 hectares (47,479 acres)
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) recently issued a report sustaining the results of its Preliminary Economic Assessment (“PEA”), which the company announced earlier in March as part of its buildup toward a production restart at its Beacon Gold Mill in the prolific Abitibi Gold Belt of eastern Canada.
The mill will receive material for processing from LaFleur’s nearby Swanson Gold Deposit, key components in the company’s affirmation that its strategic acquisition of assets during the past couple of years represents an exciting opportunity for its shareholders, even at a time when market prices are fluctuating.
LaFleur announced the results of the positive PEA on March 3 that underscores the potential of Swanson and Beacon to evolve into a competitive and short-term gold development project, providing guidance to the company on its financial position as the project moves forward (https://ibn.fm/0TFn9).
The company’s latest news release on March 27 announcing that it has filed an independent technical report, “prepared in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects”, sustains the prior report on the PEA, supports restarting gold production, and contains “no material differences between the key results, assumptions, and estimates” contained in it, the company announced, while providing an overview of the project and highlighting select elements of the PEA (https://ibn.fm/Ru2r0).
The PEA itself can be accessed at https://ibn.fm/pktPm.
“The filing of our PEA technical report marks a significant milestone for LaFleur Minerals as we advance toward near-term gold production,” LaFleur CEO and Director Paul Ténière stated. “With key infrastructure in place and funding secured for mill restart and recommissioning, we believe the company is well positioned to transition into a gold producer and generate near-term revenue, with additional scalability and operational flexibility that differentiate us from many junior developers.”
The Beacon Gold Mill was formerly owned by Monarch Mining, which refurbished the mill for about $20 million four years ago before finding it necessary to sell its assets amid a bankruptcy filing two years ago. LaFleur obtained the mill at bargain pricing and expects to resume operations at the 100%-owned processing site this spring thanks to recent financing efforts.
Under a base case scenario of US$2,750 per ounce gold and with All-In Sustaining Costs (“AISC”) of US$1,569 per ounce gold for processing, the company anticipates cost-effective development and profitability in a market that prices the precious metal above US$4,500 per ounce, with a targeted mill throughput of approximately 1,250 tonnes per day (“tpd”) following certain upgrades demonstrating strong economics with a 65% after-tax IRR and C$101 million NPV (5%), which is more than its expected startup of 750 tpd but less ambitious than the company’s expected expansion to 3,000 to 4,000 tpd in the longer term (refer to the company’s PEA NI43-101 Technical Report dated March 16, 2026).
“With this being such a low-cost operation, we don’t anticipate any issues there at all,” Ténière said during a March 24 webinar with investors.
LaFleur also announced the appointment of Paul Ténière, Peter Espig, and Jeff Swinoga to its board of directors, strengthening expertise in mining, capital markets and corporate leadership as the company advances its Québec gold projects.
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.
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