Analyst Report Cites Positive Momentum for LaFleur Minerals with Beacon Mill MOU

Analyst Report Cites Positive Momentum for LaFleur Minerals with Beacon Mill MOU

DescriptionA recent analyst update from Red Cloud Securities is emphasizing the significance of a newly signed memorandum of understanding (MOU) between LaFleur Minerals (CSE:LFLR) and Granada Gold Mine, which could accelerate LaFleur’s path to production. The report highlights the company’s progress toward restarting its 100 percent owned Beacon mill and in advancing its Swanson gold project, both located within the prolific Abitibi Gold Belt i…

On 28 February, LaFleur Minerals announced its intention to relaunch production at the Beacon plant, located in Val-d'Or. This strategic decision aims to take advantage of the increase in the price of gold, which is approaching USD 3,000 per ounce, processing up to 40,000 ounces of gold per year. The necessary permits are expected to be finalized by the end of the second quarter of 2025.

LaFleur Minerals Inc. (CSE:LFLR) - MOU Puts Beacon Mill on the Path Towards a Restart - Research Portal

LaFleur Minerals announced the signing of a non-binding non-exclusive MOU with Granada Gold Mine Inc. (TSXV:GGM, Not Rated) to assess the design criteria for processing mineralized materials from the Granada Au project at LaFleur’s 100%-owned fully refurbished and permitted 750 tpd Beacon mill. While no commercial terms were announced, the MoU is expected to facilitate the technical and economic work for the assessment. We view this MOU positive…