Commercial production started at the Beaufor Mine on January 3, 1996. On August 24, 2000, the project's operator, Aurizon Mines Ltd, stopped the mining operation for reasons of security. In April 2001, Aurizon Mines sold its interest to Richmont Mines which undertook construction work to secure the mine and resumed commercial production in January 2002.

In 2005, Louvem expects to produce approximately 24,000 ounces of gold at the Beaufor Mine. To maintain its current level of production, the Company will invest $1.5 million in exploration, development and purchases of equipment at the Beaufor Mine. In addition, Louvem plans to evaluate exploration targets at the Monique property.