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LaFleur Minerals Inc. reports exploration and development updates for gold assets in Québec's Abitibi Gold Belt. Company news centers on drilling at the Swanson Gold Project, mineral resource and technical-report disclosures, and work related to the 100%-owned Beacon Gold Mill near Val-d'Or.
Recurring developments also include leadership and operating-capacity updates as the company advances a mine-to-mill gold strategy, along with announcements tied to capital structure, governance matters, shareholder actions, material agreements, and operating or financial results.
LaFleur Minerals (OTCQB: LFLRF) is emerging as a notable player in Canada's Abitibi Gold Belt with its Beacon Gold Mill and Swanson Gold Project. The company is strategically positioned to benefit from record gold prices, which have surged to US$3,300 per ounce in early 2025.
The company owns a fully permitted 750 tonne-per-day mill and controls a compliant resource of over 187,000 ounces of gold. LaFleur plans to transition from explorer to producer, with mill restart expected by late 2025 for bulk sampling and custom milling, targeting full-scale production of up to 30,000 ounces annually by early 2026.
LaFleur Minerals (OTCQB:LFLRF) is positioned to capitalize on the historic gold price surge, which has exceeded $3,300 per ounce in early 2025. The company's key advantage is its fully permitted gold mill located in Canada's most productive gold region, enabling near-term production capabilities.
Market experts project gold prices could reach $4,000 per ounce within the next 12-18 months, driven by unstable U.S. fiscal policy and rising inflation. LaFleur aims to establish itself among quality gold-mining operations, leveraging Canada's reputation for high-quality deposits and operational stability.
LaFleur Minerals Inc. (OTCQB:LFLRF) is emerging as a notable player in Canada's premier gold-producing region, positioned to capitalize on gold's recent surge to US$3,300 per ounce. The company features a fully permitted gold mill in one of Canada's most productive gold regions, offering investors exposure to near-term production potential.
This development comes amid analyst predictions of gold reaching US$4,000 per ounce within 12-18 months, driven by weakening U.S. fiscal policy confidence and rising inflation. The company's strategic position in a stable jurisdiction known for quality deposits and operational reliability enhances its appeal to investors seeking exposure to the gold sector.
LaFleur Minerals (LFLRF) has initiated the permitting process for a surface bulk sample from its Swanson Gold Deposit in the Abitibi Gold Belt, to be processed at its 100%-owned Beacon Gold Mill in Val-d'Or, Québec. The company plans to extract approximately 100,000 tonnes with an estimated grade of 1.89 g/t Au, containing about 6,350 oz of gold, representing 3% of current mineral resources.
The Swanson deposit hosts Indicated Resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and Inferred Resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t). LaFleur aims to restart the 750 tpd Beacon Mill by end of 2025, targeting annual production of 30,000-40,000 oz gold. With gold prices approaching USD$3,500/oz, the company seeks to transition from explorer to producer through this strategic initiative.
LaFleur Minerals (LFLRF) has signed a Memorandum of Understanding (MOU) with Granada Gold Mine to evaluate processing mineralized material from the Granada Gold Project at LaFleur's Beacon Gold Mill in Val-d'Or, Québec. The fully permitted mill can process over 750 tonnes per day and targets potential annual production of 30,000-40,000 ounces of gold.
The non-binding, non-exclusive MOU dated March 25, 2025, enables technical data exchange between parties regarding metallurgy, flow-sheet configuration, and mill modifications. If deemed viable, the parties may enter into a commercial agreement and conduct a mining economic study. The Beacon Mill, last operational in early 2023, is undergoing restart preparations expected to complete by end of 2025.
Additionally, LaFleur owns the Swanson Gold Project, spanning 16,000 hectares with Indicated Resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and Inferred Resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t).
LaFleur Minerals (LFLRF) has provided updates on its Beacon Gold Mill restart program and Swanson Gold Project developments. The Beacon Mill, located in Val-d'Or, Québec, has a capacity exceeding 750 tons per day and is undergoing equipment inspections and maintenance. A final restart plan is expected by late April, with production targeted before end of 2025.
The Swanson Gold Project, spanning 16,000 hectares, includes several gold targets and has undergone over 36,000 metres of historical drilling. The company has invested over $1 million in flow-through funds for exploration activities and is preparing for spring drilling at multiple gold targets.
Additionally, shareholders approved key matters at the March 7, 2025 Annual General Meeting, including share option and restricted unit plans. The company received $816,750 from the exercise of 7,425,000 warrants issued in March 2023.
LaFleur Minerals (OTCQB: LFLRF) announces plans to restart its Beacon Gold Mill in Val-d'Or, Québec. The fully permitted mill, last operational in early 2023 when gold was at $1,800/oz, is targeting potential annual production of 30,000-40,000 gold ounces based on current capacity. With gold approaching $3,000/oz, the company aims to complete restart preparations by Q2 2025.
The company also provides updates on its Swanson Gold Project, which spans over 15,000 hectares and hosts indicated resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and inferred resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t). Located within 50km of the Beacon Mill, the project is undergoing extensive exploration including geophysics surveys and planned drilling programs.
Additionally, LaFleur has acquired 17 new mining claims (699 hectares) contiguous to the Swanson Gold Project for $15,000 cash and 150,000 common shares.
LaFleur Minerals (LFLRF) announces plans to restart its 100%-owned Beacon Gold Mill in Val-d'Or, Québec. The mill, last operational in early 2023 when gold was at $1,800/oz, is now targeting restart as gold approaches $3,000/oz. The facility aims for 30,000-40,000 ounces annual gold production based on current capacity.
The company plans to complete permits and updates by Q2 2025, targeting custom milling opportunities from nearby deposits. The Beacon Mill is strategically located in the Abitibi Gold Belt, surrounded by over 100 historical and operating mines.
Additionally, LaFleur acquired 17 new mining claims (699 hectares) adjacent to its Swanson Gold Project, which currently holds Indicated Resources of 123,400 oz gold (2.11M tonnes at 1.8 g/t) and Inferred Resources of 64,500 oz gold (872,000 tonnes at 2.3 g/t). The acquisition cost includes $15,000 cash and 150,000 company shares.