Fundamental Research Corp. has reiterated a BUY rating for LaFleur Minerals Inc. with a fair value estimate of C$1.10 per share, driven primarily by higher gold prices and the company's accelerated production strategy. The research firm highlighted LaFleur's advanced-stage Swanson gold project in Quebec, noting that mineralized material is expected to be processed at the company's fully permitted 750-tonne-per-day Beacon mill located approximately 50 kilometers away, enabling a fast-track path to production with estimated initial capex of US$20 million to US$30 million.
According to Fundamental Research Corp., the current resource at Swanson is expected to support more than 10 years of operations with average annual production of 10,000 to 15,000 ounces of gold, generating estimated operating profit of approximately US$25 million per year at current gold prices. The report emphasized that the market is significantly undervaluing both the Beacon mill and the Swanson resource relative to LaFleur's market capitalization, while pointing to near-term catalysts including a Preliminary Economic Assessment (PEA), resource expansion drilling, mill restart activities and potential custom milling opportunities as drivers that could unlock additional shareholder value.
The Swanson gold project is supported by a fully permitted 750 tpd Beacon mill, with minimal restart costs and potential for 10+ years of production. Upcoming catalysts include a PEA and updated resource estimate in January 2026, bulk sampling, mill restart and potential toll milling agreements. The research coverage highlights LaFleur's position as a company with district-scale gold projects in the Abitibi Gold Belt near Val-d'Or, Québec, with the Swanson Gold Project encompassing approximately 18,304 hectares and including several prospects rich in gold and critical metals.
For business and technology leaders monitoring the mining sector, this development represents a significant opportunity in the gold production space. The combination of low capital expenditure requirements, existing infrastructure, and proximity to processing facilities creates a compelling investment case in an industry where development costs and timelines often present substantial barriers to entry. The potential for custom milling operations at the Beacon Gold Mill for other nearby gold projects could create additional revenue streams beyond LaFleur's own production.
The full research report is available at https://ibn.fm/WQm8q. The latest news and updates relating to LaFleur Minerals are available in the company's newsroom at http://ibn.fm/LFLRF. This coverage was disseminated through Rocks & Stocks, a specialized communications platform delivering insights into the mining industry, which is part of the Dynamic Brand Portfolio at IBN. More information about this platform is available at https://RocksAndStocks.news.
