Lafleur Minerals Inc. press release
Record Gold Prices Reshape Economics of New Mine Development
CSE - Canadian National Stock Exchange · Gold · Silver · Copper · Zinc · Lead · Molybdenum · Nickel · Rare Earth Elements · Canada
This article has been disseminated on behalf ofLaFleur Minerals Inc.and may include a paid advertisement.
MiningNewsWire Editorial Coverage: Gold prices have climbedto record or near-record levels in recent months as inflation worries, geopolitical tensions and strong purchases by central banks continue to fuel investor interest in the precious metal. Several major financial institutions have lifted their outlooks for the precious yellow metal, with some analysts projecting considerably higher prices over the coming years as global debt expands and economic uncertainty persists. In this environment, gold developers and smaller producers are working to strengthen their asset portfolios and move projects forward that could benefit from favorable market conditions. One such company is LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (Profile), which has recently taken multiple steps to strengthen its position within Québec’s well-known Abitibi Gold Belt and progress towards gold pour this year. The company announced a favorable Preliminary Economic Assessment (“PEA”) for its Swanson Gold Project, released drilling results that support the deposit’s expansion potential and continued progressing with refurbishment work at the fully permitted Beacon Gold Mill. Together, these developments illustrate LaFleur’s strategy of pairing exploration growth with existing infrastructure as it works toward restarting production and building a stronger presence in an increasingly robust gold market. LaFleur operates alongside a number of established gold-sector players, including Snowline Gold Corp.(TSX: SGD) (OTCQB: SNWGF), Radisson Mining Resources Inc.(TSX.V: RDS) (OTCQX: RMRDF), Maple Gold Mines Ltd.(TSX.V: MGM) (OTCQX: MGMLF) and...
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