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LaFleur Minerals ( (TSE:LFLR) ) just unveiled an update.
LaFleur Minerals Inc. has announced a brokered private placement of gold-linked convertible notes to raise between $4 million and $7 million, which will finance the restart of operations at its Beacon Gold Mill in Québec. This financing move is expected to enhance the company’s operational capabilities and strengthen its position in the gold mining industry, potentially benefiting stakeholders through increased production and resource development.
The most recent analyst rating on (TSE:LFLR) stock is a Buy with a C$1.04 price target. To see the full list of analyst forecasts on LaFleur Minerals stock, see the TSE:LFLR Stock Forecast page.
More about LaFleur Minerals
LaFleur Minerals Inc. is focused on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec, with a mission to advance mining projects like the Swanson Gold Project and the Beacon Gold Mill, aiming to deliver long-term value.
Average Trading Volume: 194,243
Technical Sentiment Signal: Buy
Current Market Cap: C$38.26M
See more data about LFLR stock on TipRanks’ Stock Analysis page.