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Disseminated on behalf of LaFleur Minerals Inc. and may include paid advertising.
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) Anticipates Initial Gold Production in Early 2027
- Price Rally:
Gold rebounded sharply above $4,000/oz—climbing past $4,050–$4,100 per ounce—as the election outcome triggered a softer U.S. dollar and falling Treasury yields.
J.P. Morgan Global Research projects gold prices to average $6,000 per ounce by the fourth quarter of 2026, with a further extension toward $6,300 per ounce by the end of 2027.
(https://ibn.fm/OEyBL & https://ibn.fm/Y9lW0) - Canada-based LaFleur Minerals is preparing to begin processing gold at its Beacon Gold Mill early next year within the renowned Abitibi Greenstone Belt, completing final work on its tailings storage facility.
- LaFleur recently completed an arms-length offtake purchase agreement with international metals trader Ocean Partners UK Limited that will provide a financing facility to help LaFleur avoid the need for raising additional equity before gold production begins.
LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) continues to wrap up final efforts on its near-term mine-to-mill gold production strategy, anticipating that the company will begin producing gold in early 2027, even as a fluctuating spot gold market has created interest among many investors in “buying the dip” before prices begin an expected rebound with US Midterm election win by Democrats (https://ibn.fm/s9QCK).
LaFleur Minerals owns the fully permitted and refurbished Beacon Gold Mill and tailings storage facility in Val-d’Or, Québec and the nearby Swanson Gold Project, which contains the PEA-stage Swanson Gold Deposit and numerous other gold targets, all located in Eastern Canada’s prolific Abitibi Gold Belt — the nation’s largest gold-producing region. The company has been busy working to recommission its Beacon Gold Mill, while evaluating the development potential of its flagship Swanson Gold Deposit central to the company’s Swanson Gold Project. In September, LaFleur announced that recommissioning work at the Beacon Gold Mill had passed 95% of completion, and that the company was nearing the point of processing existing stockpile on site as an initial test of the mill’s equipment and flowsheet. The recommissioning work is now all but complete.
Refurbished Mill Ready To Produce
“The mill itself is effectively fully refurbished,” LaFleur CEO Andrew Elinesky said during an interview with the Stocks to Watch webcast published Nov. 4 (https://ibn.fm/NRKcY). “And so, what we’re left with is the remaining work to have the permit status changed by the government,” Elinesky said. “It went from operating status to care and maintenance status and, effectively, the province asked us to do some further work on the tailings storage facility, which we’re about to complete in the coming weeks. And once that’s complete and signed off on by the government, they switch our permit back into an operating status, which will allow us to commence commissioning work.”
After gold price dropping over the past months to its lowest price in more than a year, the spot price saw an initial bounce back up above $4,000 following news of sweeping wins by the Democratic party in the U.S.’s midterm elections, continuing the fluctuations that have driven market news since February (https://ibn.fm/iQwDw). The rebound in the gold price also highlight LaFleur’s profit readiness thanks to its low base case.
Low Entry Point For A Long Rise
Gold investors are betting that ongoing concerns regarding the global debt crisis will continue to make gold attractive as a safe harbor for wealth (https://ibn.fm/JiEzC). Although inflation can move the Fed to increase their benchmark funds rate, pulling investor money toward treasuries, there is confidence that there will be a powerful long-term drive by various central banks and others to buy and hold gold. This makes gold’s currently low price an attractive entry point for investors with foresight. If so, inexpensive gold mining shares represent even more potential, with operations that are just beginning to actually produce being the ideal choice.
Price Projections
J.P. Morgan Global Research has maintained a structurally bullish long-term outlook on precious metals, projecting gold averaging $6,000/oz by Q4 2026 and $6,300/oz by Q4 2027 in broader commodity forecasts, with interim desk targets earlier in the year eyeing progression toward $4,500 to $5,200/oz horizons
LaFleur recently announced that assay results from its regional drilling program within the Swanson Gold Project produced new targets for follow-up drilling to test the continuity of mineralization along strike and down-dip (https://ibn.fm/KanG0). In addition, as the company completes ongoing permitting work to process its first bulk sample from its Swanson property, it has secured an arm’s length definitive gold and silver off-take purchase agreement with international metals trader Ocean Partners UK Limited that allows LaFleur to avoid having to raise additional equity to realize its strategy.
“It’s been a busy year for everybody on the team but the next six months you’re going to see the culmination of those efforts,” Elinesky told Stocks to Watch host Dave Jackson. “Firstly, obviously, we’ve had the refurbishment of the mill. We should see the permits switch back for Beacon into production status or operating status, which will allow us to commission.”
“In the meantime, we will continue to have exploration news as well,” Elinesky added. “Once we get into Q1 of next year, we’re obviously going to see the submission of the closure plan for Swanson and then hopefully some clarity on the timeline for when bulk sample mining activities can commence. The goal there is to work with the province as best we can to allow them to give us the green light to commence bulk sample mining activities as soon as the weather allows us to in late Q1 or early Q2 of next year.”
For more information, visit the company’s website at LaFleurMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF
Qualified Person Statement:
All scientific and technical information contained in this article has been reviewed and approved by Marc Ducharme, P.Geo. (OGQ), Vice President of Exploration for the company and considered a Qualified Person for the purposes of NI 43-101.
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