- LaFleur Minerals acquired the fully permitted and refurbished Beacon Gold Mill at a steep discount after Monarch Mining’s bankruptcy, offering a critical near-term processing solution in Quebec’s Tier-1 Abitibi Gold Belt, where demand for milling services is rising with the high price of gold.
- LaFleur also owns the Swanson Gold Project, located just 50 km from the Beacon Mill, to be developed for the company’s own mining prospects.
- The company is already attracting interest from potential development funders for advanced milling and gold project plans, with LaFleur targeting near-term revenue through custom milling and its own gold project production.
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF), a Canadian near-term gold producer, is uniquely positioned to offer critical gold milling services, with a practical advantage rarely found in today’s mining sector: a ready-to-go, fully permitted gold mill sitting in a high-demand Tier-1 gold mining district. The company’s Beacon Gold Mill, located in Val-d’Or, Quebec, an active mining hub in the Abitibi Gold Belt, was acquired out of bankruptcy for just C$1 million (US$ 0.73 million). Monarch Mining, the former owner, had invested over C$20 million upgrading the mill. LaFleur now controls this asset, which could otherwise take 3–5 years in permitting and at least US$80–100 million to build from scratch.
What makes this acquisition especially timely is the current surge in gold prices, now trading at nearly double the level at the time of LaFleur’s mill purchase. Gold mining companies in the region are eager to process their large bulk samples and ore quickly, and the Beacon Mill stands out as the area’s best…
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
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