LaFleur Minerals Acquires Beacon Gold Mill in Quebec's Abitibi Gold Belt

LaFleur Minerals Inc. has positioned itself as a strategic player in Quebec's Abitibi Gold Belt through its acquisition of the Beacon Gold Mill. The company purchased the mill for C$1 million from Monarch Mining following its bankruptcy, representing a significant discount compared to the over C$20 million previously invested in facility upgrades. This acquisition comes at a crucial time when the region's mining activity is intensifying due to current high gold prices, creating substantial demand for milling services.

The Beacon Mill, located in Val-d'Or, Quebec, is a fully permitted and refurbished facility that offers immediate processing capabilities for gold operations throughout the Abitibi Gold Belt. This region is renowned for its rich gold deposits and has experienced increased exploration and development activity as companies seek to benefit from favorable market conditions. By controlling this operational mill, LaFleur eliminates the typical three to five years required for permitting and the US$80-100 million investment needed to construct new processing facilities, providing a distinct competitive advantage in the market.

Complementing the mill acquisition, LaFleur owns the Swanson Gold Project situated just 50 kilometers from the Beacon facility. The company intends to develop this project for its own mining operations while simultaneously offering custom milling services to other mining companies in the region. This dual approach has already generated interest from potential funders for both the milling operations and gold project development. The strategic positioning allows LaFleur to pursue near-term revenue generation through custom milling while advancing its own production capabilities, strengthening its overall position in the gold mining sector and contributing to the local economy by supporting mining operations throughout the Abitibi Gold Belt.