LaFleur Minerals ( (TSE:LFLR) ) just unveiled an announcement.
LaFleur Minerals plans to restart production at its Beacon Gold Mill in Val-d’Or, Québec, as gold prices near record highs. The mill, which has been under care since early 2023, is fully permitted and strategically positioned in a prolific mining district. By resuming operations, LaFleur aims to capitalize on elevated gold prices and potentially produce 30,000 to 40,000 ounces of gold annually. The company is also exploring custom milling agreements with neighboring mining companies to process their mineralized material, enhancing its revenue potential and industry positioning.
More about LaFleur Minerals
LaFleur Minerals Inc. operates in the mining industry, focusing on gold exploration and production. The company owns the Beacon Gold Mill in Val-d’Or, Québec, located in the mineral-rich Abitibi Belt, a prominent area for gold mining.
YTD Price Performance: 920.0%
Average Trading Volume: 3,063
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $7.63M
See more data about LFLR stock on TipRanks’ Stock Analysis page.