Consumer prices have risen notably in recent months, linked by many to the United States’ involvement in the Iran War and resulting strictures on international energy transports. Gold bullion prices have enjoyed a significant rise since January of last year, and the precious metal is anticipated to continue acting as a long-term hedge against inflationary pressures. Near-term gold producer LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is preparing to restart its recommissioned Beacon Gold Mill and to draw on mineralized material from its Swanson Gold Deposit in the Abitibi Greenstone Belt.
LaFleur’s all-in sustaining cost estimates anticipate profits based on base case pricing of gold from before the recent growth factors, and economists expect the foundational upward pressure on gold prices to persist. Consumers in the United States have watched prices grow at a moderate to strong pace in recent weeks as an apparent response to the ongoing Iran War, according to federal policy makers (https://ibn.fm/h06l8), which has a potential downstream effect on investor interest in precious metals such as gold that enjoy a reputation as a long-term hedge against currency debasement and inflation (https://ibn.fm/EeHdo).
LaFleur Minerals is taking advantage of the market’s interest in gold as well as its own strategic financing and asset acquisition. The company is on the cusp of restarting its Beacon Gold Mill during the next few months (https://ibn.fm/oF93j), initially processing material from its Swanson deposit. The mill, which has been recommissioned, is expected to produce gold at competitive costs, allowing LaFleur to benefit from current elevated gold prices.
The Abitibi Greenstone Belt is a prolific gold-producing region, and LaFleur’s Swanson Gold Deposit is well-positioned to provide feed for the mill. The company’s management believes that the restart of the mill will generate positive cash flow and enhance shareholder value. With gold prices remaining strong due to inflationary pressures and geopolitical uncertainty, LaFleur’s timing appears strategic.
Investors are closely watching the company as it moves toward production. The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF. 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, considered a Qualified Person for the purposes of NI 43-101.
