Blue Lagoon Resources Inc. marked the one-year anniversary of receiving its mining permit for the Dome Mountain Gold and Silver Project in British Columbia, an achievement shared by only nine mining projects permitted in the province over the past decade. Since the permit was granted in February 2025, the company has transitioned from permitting mode into an operating company, advancing Dome Mountain into underground production and establishing itself as one of the few junior gold and silver companies in Canada to move rapidly from permit issuance to revenue-generating operations.
Over the same period, the macro environment for gold and silver has strengthened materially. Gold and silver prices have risen sharply amid persistent inflation, geopolitical instability, central-bank accumulation, and growing concerns around global debt levels. According to a recent survey of 30 analysts cited in Analysts ramp up gold forecasts as global uncertainties mount by Ishaan Arora and Ashitha Shiva Prasad, median consensus forecasts now point to a gold forecast of US$4,746.50 per ounce in 2026, the highest annual forecast in Reuters polls dating back to 2012, reflecting a dramatic reassessment of gold's role as a monetary and strategic asset.
Since receiving its mining permit, Blue Lagoon has achieved a series of key operational milestones at Dome Mountain, including completion of a critical year-round wastewater treatment system, scaling up the company's mining workforce, initiation of underground mining and development of multiple active mining faces, weekly delivery of mineralized material to Nicola Mining under a long-term milling agreement, and receipt of the first production payment of approximately $1 million, validating the company's near-term cash-flow model.
The company's commitment to high operational standards is reflected by Blue Lagoon's relationship with the Lake Babine First Nation, whose support has been an important factor in the project's development and restart. This approach was formally recognized on the global stage when Blue Lagoon was selected for the 2026 Prospectors & Developers Association of Canada Sustainability Award, following a nomination by the Chief of the Lake Babine First Nation. The award highlighted not only environmental stewardship, but also the strength and authenticity of the company's Indigenous partnership model.
Against the backdrop of an evolving regulatory and political environment in British Columbia, Blue Lagoon's established First Nations support reduces permitting and execution risk. This social license to operate represents a meaningful strategic advantage and positions the company favorably as it pursues potential permitting amendments, infrastructure enhancements, and expanded exploration activities, supporting both near-term operational continuity and long-term growth.
The recent sharp upward revision in long-term gold price forecasts underscores the significance of Blue Lagoon's timing. With permitting risk removed, underground access established, and a scalable production platform in place, the company believes Dome Mountain is well positioned to benefit from a sustained higher gold and silver price environment. As global uncertainty continues to drive renewed interest in gold and silver by retail, institutional and sovereign investors, Blue Lagoon remains focused on advancing production, expanding underground development, and unlocking additional value across its broader land package at Dome Mountain.
