Nicola Mining Ramps Up Production Of High Grade Gold And Silver Concentrate

Nicola Mining Inc. has announced a material increase in throughput of high-grade gold and silver mill feed at its fully permitted Merritt Mill facility in British Columbia. The mill feed is sourced through the company's partnership with Blue Lagoon Resources at the Dome Mountain Gold Project, where underground development continues with additional mining faces being prepared to sustainably increase tonnage. The company has successfully transitioned its processing circuit from gravity and flotation gold recovery to a flotation-only recovery system, specifically optimized for the sulphide-hosted nature of the new mineralization.

This operational optimization is designed to enhance metallurgical recoveries, improve concentrate grades, and maximize payable metal content. The resulting high-grade gold-silver flotation concentrate is being sold to Ocean Partners UK Limited, a globally recognized metals trading and finance group. The transition has been executed without operational disruption, while incremental plant upgrades and circuit refinements are being implemented concurrently with production to further improve recoveries, throughput stability, and operating efficiencies.

Looking ahead, Nicola is preparing for planned extraction at its Dominion Gold Project, which hosts structurally controlled, high-grade gold mineralization. The company has initiated procurement of key mobile equipment and personnel in preparation for bulk sample extraction scheduled to commence in July 2026 under permit. This production will enable validation of grade continuity, metallurgical performance, and mining selectivity while providing additional cash flow augmentation.

The company's integrated milling infrastructure, combined with access to high-grade feed sources in British Columbia's established mining jurisdiction, positions Nicola to benefit from strengthening precious and base metal markets. CEO Peter Espig emphasized the company's systematic advancement of its development strategy across multiple timeframes, while maintaining focus on achieving a planned Q1 2026 NASDAQ uplisting, indicating the company's growth trajectory and market positioning ambitions.