Disseminated on behalf of LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) and may include paid advertising.
- Near-term gold producer LaFleur Minerals is preparing to restart production at its Beacon Gold Mill located in the Abitibi Gold Belt, using a 100,000-metric tonne bulk sample from its nearby Swanson Gold Project as a feed source for its first gold pour
- The company expects to benefit from market prices in the $4,400 to $4,500 range to generate healthy revenue above its $2,750-an-ounce base case with an all-in sustaining cost of just under $1,600 an ounce
- LaFleur’s strategic acquisition of mining projects, development of its facilities, and plans for keeping its operation low-cost, underscores a recent agreement to increase the aggregate gross proceeds of a secured “bought deal” public offering
The gold market has obviously enjoyed a phenomenal year, trading broadly between $3,215 and $3,406 per troy ounce in May of last year, going on to hit its most recent apex near $5,600 in the early part of this year (https://ibn.fm/p5I1V). Market fluctuations have centered on the $4,400 to $4,500 range amid shifting central bank policies and international tensions, which have still allowed gold to hold at levels well above last year’s “record” highs (https://ibn.fm/liZOI).
The heady prices have enabled gold miners with break-even costs near $2,700 to post record profit margins, which has in turn fueled optimism in gold mining investment, including with leveraged exposure. Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is on the cusp of beginning…
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 Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company and considered a Qualified Person for the purposes of NI 43-101.
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