LFLR is advancing its Swanson gold project in Quebec, with a Preliminary Economic Assessment and updated resource estimate expected next month. The project benefits from access to the fully permitted 750 tpd Beacon mill located 50 km away, supporting a low initial capital requirement and rapid development. We expect the PEA to outline modest CAPEX of roughly US$20–30 M, a sub-one-year path to production, and a mine plan capable of sustaining 10+ years of operations at average annual production o...
LFLR has risen 74% since our October 2024 report, with plans to restart the 750 tpd Beacon gold mill in Quebec’s Abitibi Gold Belt by early 2026. The company’s Swanson gold project and fully permitted mill are key assets. An independent study pegs mill restart costs at $4M, with full replacement at $72M, against a $39M market cap, suggesting undervaluation. Total restart costs, including Swanson pre-development, are now estimated at US$10M. A bulk sampling program at Swanson could yield 4 Koz of...
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