Consumer prices have risen notably during recent months, linked by many to the United States' involvement in the Iran War and resulting strictures on international energy transports, according to federal policy makers (source). Gold bullion prices have enjoyed a significant rise since January of last year, and the precious metal is anticipated to continue acting as a long-term hedge against inflationary pressures (source).
Near-term gold producer LaFleur Minerals (CSE: LFLR) (OTCQB: LFLRF) is preparing to take advantage of this market interest. The company is on the cusp of restarting its recommissioned Beacon Gold Mill during the next few months and plans to draw on mineralized material from its Swanson Gold Deposit in the Abitibi Greenstone Belt (source). LaFleur's all-in sustaining cost estimates anticipate profits based on base case pricing of gold from before the recent growth factors, and economists expect the foundational upward pressure on gold prices to persist.
The decision to restart production comes as consumers in the United States have watched prices grow at a moderate to strong pace in recent weeks, an apparent response to the ongoing Iran War. This has a potential downstream effect on investor interest in precious metals such as gold, which enjoy a reputation as a long-term hedge against currency debasement and inflation. LaFleur's strategic financing and asset acquisition position the company to benefit from these macroeconomic trends.
All scientific and technical information in this article has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, a Qualified Person for the purposes of NI 43-101. For the latest news and updates relating to LFLRF, visit the company's newsroom at https://ibn.fm/LFLRF.
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