LaFleur appoints consultancy to complete PEA on Beacon Gold mill restart
Canadian company LaFleur Minerals has appointed global mining, sustainability and environmental consultancy Environmental Resources Management (ERM) to complete a preliminary economic assessment (PEA) on the restart of gold production at its Beacon Gold mill using mineralised material from the Swanson gold deposit, in Quebec.
The Swanson deposit and the Beacon Gold mill are located in proximity to one another and strategically positioned in one of the world's largest and most established gold-producing regions, the Abitibi Greenstone Belt.
The PEA will serve as the basis for the restart of the mill, which was recently refurbished with over $20-million worth of upgrades and includes a fully permitted tailings storage facility.
The mill’s state of readiness significantly reduces capital expenditure and the timeline for a production restart, which the company expects will be validated through a realistic PEA.
"Advancing the Beacon Gold mill to restart gold production with gold prices at record levels above $3 800/oz offers amazing economic potential. The Beacon Gold mill last operated in 2022 when the price of gold was $1 600/oz.
"Having 100% ownership of the Beacon Gold mill, along with a fully permitted tailings storage facility and the nearby Swanson deposit differentiates LaFleur Minerals from single-facet junior gold exploration companies and offers investors a true near-term gold producing investment. LaFleur isn't relying on toll milling other companies' gold deposits, but a fully functional and vertically integrated gold mining company on the cusp of producing ounces aimed for early 2026 from its own Swanson gold deposit," comments LaFleur chairperson Kal Malhi.
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