LaFleur Minerals, Trafigura Extend Due Diligence for C$30M Gold Prepayment Deal

LaFleur Minerals has agreed with Trafigura to extend the exclusivity and due diligence period for a proposed C$30 million prepayment facility and gold doré purchase agreement, while the Beacon Gold Mill reconditioning is 84% complete and nearing production restart.

The company announced that the extension follows the indicative term sheet dated April 10, 2026, and allows both parties additional time to finalize the definitive agreement. The Beacon Gold Mill, located in Ontario, is undergoing reconditioning and recommissioning work that is approximately 84% complete, signaling that gold production restart is approaching. The prepayment facility would provide LaFleur with up to C$30 million in upfront funding, secured against future gold doré deliveries to Trafigura.

For precious metals traders, this deal highlights the growing trend of streaming and prepayment arrangements in the gold mining sector, which provide miners with capital while locking in offtake for traders. Such agreements can influence near-term supply dynamics and offer price support if production restarts smoothly. Traders may monitor the finalization of this deal as a signal of increased gold supply from the Beacon mill. For current gold pricing context, check NowPrice's gold page.

Looking ahead, market participants will watch for the definitive agreement execution and the exact timeline for Beacon Gold Mill's production restart. The completion of reconditioning and first doré pour will be key milestones. Additionally, broader gold market trends, including central bank buying and US real yield movements, will continue to drive investor sentiment.