MTI(US:MTX) TMX Newsfile·2026-02-18 13:45Core Viewpoint - LaFleur Minerals Inc. is advancing its Beacon Gold Mill restart plans, with a focus on near-term production and a comprehensive Preliminary Economic Assessment (PEA) [1][12]. Group 1: Company Overview - LaFleur Minerals Inc. operates in the Val-d'Or mining camp, a significant gold-producing region in the Abitibi Greenstone Belt, with over 73 million ounces of gold produced from 1926 to 2019 [2]. - The company owns the Beacon Gold Mill and the Swanson Gold Deposit, which are strategically located within this prolific mining area [1][3]. Group 2: Mill Restart Progress - The Beacon Gold Mill has undergone over $20 million in upgrades and modernization, with the last production occurring in 2022 when gold prices were around $2,000 per ounce [3]. - Current gold prices have exceeded $4,900 per ounce, enhancing the strategic value of the mill and its associated infrastructure [3][14]. - Approximately 30% of the total budget for the mill refurbishment has been spent, with significant physical progress achieved while maintaining cost control [6]. Group 3: Resource Development - The Swanson Gold Deposit has shown strong gold continuity with notable drill results, including an intercept of 2.05 g/t Au over 158.25 meters [11]. - The company aims to combine resource development at the Swanson Gold Deposit with the Beacon Gold Mill to accelerate production [7][12]. Group 4: Future Outlook - The upcoming PEA is expected to provide updated economic metrics and a development roadmap aligned with the company's production objectives, targeted for completion in March 2026 [12][14]. - The integrated asset portfolio of LaFleur Minerals offers capital efficiency and operational leverage, particularly as gold prices rise [14].