LaFleur Minerals Engages Bumigeme for Beacon Gold Mill Valuation to Support Restart Strategy

LaFleur Minerals Inc. has engaged Bumigeme Inc. to conduct an independent valuation report for its Beacon Gold Mill in Val-d'Or, Québec, marking a significant step toward restarting operations at the facility. This valuation will assess both the replacement value and restart costs for the mill and its associated tailings facility, which received over $20 million in upgrades during 2022. The comprehensive evaluation serves as a critical component of the company's broader strategy to secure necessary financing while demonstrating the mill's substantial potential to contribute to future gold production.

The timing of this initiative aligns with increasingly favorable conditions in the gold market, where analysts including those at J.P. Morgan project gold prices could reach $4,100 by 2026. This positive market outlook enhances the economic viability of restarting the Beacon Gold Mill, which boasts processing capacity exceeding 750 tonnes per day. The facility's significance extends beyond serving the company's primary Swanson Gold Project, as it also presents opportunities for custom milling operations that could process ore from other gold projects in the region.

LaFleur Minerals' approach reflects a strategic commitment to advancing its district-scale gold projects within the prolific Abitibi Gold Belt. By leveraging its consolidated land package and existing infrastructure, including the recently upgraded mill facility, the company aims to maximize long-term value creation for stakeholders. The independent valuation by Bumigeme will provide crucial documentation to support financing discussions and demonstrate the substantial investment already made in modernizing the mill operations. This comprehensive assessment of the Beacon Gold Mill's current value and restart requirements represents a pivotal milestone in LaFleur Minerals' plan to reactivate a key asset in one of Canada's most established gold mining regions.