LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) has signed a definitive gold and silver purchase agreement with Ocean Partners and is advancing its Beacon Gold Mill toward production, according to a press release disseminated on behalf of LaFleur Minerals Inc. The company owns the fully permitted and refurbished Beacon Gold Mill and tailings storage facility in Val-d'Or, Québec, as well as the nearby Swanson Gold Project, which contains the PEA-stage Swanson Gold Deposit and numerous other gold targets.
The agreement with Ocean Partners is a key milestone for LaFleur as it works to restart gold production at the Beacon Gold Mill. The mill last operated in early 2023 under a previous operator when the gold price was under US$2,000 per ounce. With gold prices currently trading at significantly higher levels, the economic case for restarting production has strengthened considerably. The definitive purchase agreement provides a framework for the sale of gold and silver produced from the mill, which is essential for securing financing and offtake arrangements.
The Beacon Gold Mill is fully permitted and refurbished, which reduces the timeline and capital required to achieve production compared to building a new facility. The tailings storage facility is also fully permitted, adding to the project's operational readiness. The nearby Swanson Gold Project offers additional feed potential, with a PEA-stage deposit and numerous other gold targets that could extend the mill's operating life.
For investors, the news is significant because it signals progress toward cash flow generation. Restarting a permitted mill in a Tier-1 mining jurisdiction like Québec is a relatively low-risk path to production, especially with gold prices at record highs. The agreement with Ocean Partners, a well-known metals trading firm, adds credibility and provides a ready buyer for the mill's output. As LaFleur advances toward production, the company could transition from explorer to producer, a major re-rating event for its shares.
The latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF. The press release was distributed by InvestorWire, a specialized communications platform focused on advanced wire-grade press release syndication. InvestorWire is part of the Dynamic Brand Portfolio at IBN, which offers editorial syndication to 5,000+ outlets and social media distribution to millions of followers.
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