LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is advancing toward gold production at its wholly owned Beacon Gold Mill in Val d'Or, Quebec, following a Preliminary Economic Assessment (PEA) that outlines a clear path to profitability. The company, which also owns the district-scale Swanson Gold Deposit in the Abitibi greenstone belt, expects to restart production in the second quarter of 2026.
The PEA, recently completed, highlights the project's capital efficiency and robust economics. With a net present value (NPV) of C$101 million at a 5% discount rate and an after-tax internal rate of return (IRR) of 65%, the assessment underscores the potential for rapid payback. These figures are particularly attractive given the current gold price environment, which has seen sustained strength through 2025 into 2026.
LaFleur also updated its 2024 mineral resource estimate (MRE), reporting a 30% increase in indicated resources to over 160,000 ounces of contained gold, with inferred resources exceeding 66,000 ounces. The Swanson deposit remains open for expansion, offering scalability that could extend the mine life.
The Beacon Gold Mill, fully permitted, provides a significant advantage by reducing upfront capital requirements and accelerating the timeline to production. The mill's location in the established Val d'Or mining camp ensures access to skilled labor and equipment suppliers, further de-risking the project.
Louis Martin, P.Geo., Exploration Manager and Technical Advisor, has reviewed and approved the scientific and technical information as a Qualified Person under NI 43-101. The company continues to focus on advancing the project toward production, with the PEA serving as a foundation for financing and development decisions.
For ongoing updates, investors can follow the company's newsroom at https://ibn.fm/LFLRF.
