Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) announced it is in the final stages of preparation to commence gold and silver extraction operations at its Dominion Gold Project in British Columbia. Mill feed extraction is expected to begin during the first week of July, with material processed at the company’s wholly owned Merritt Mill, the only fully permitted milling facility in British Columbia authorized to process gold and silver material from across the province.
In preparation for production, Nicola has completed several key infrastructure and operational initiatives, including installation of a 14-person operational camp, acquisition of mining equipment, and hiring of operational crews and contractors. The company also strengthened its reclamation profile with an additional $251,000 payment toward reclamation bonding requirements. Management noted that Dominion has demonstrated strong mineralization with vein systems open in all directions and grades of up to 113 grams of gold per tonne, highlighting the project’s potential to become a significant source of high-grade mill feed and support future cash flow growth.
This development is important for the mining industry and investors as it represents a tangible step toward production at a high-grade project. The Dominion project’s mineralization suggests the possibility of substantial gold and silver yields, which could positively impact Nicola’s financial performance. The Merritt Mill’s fully permitted status also allows Nicola to process material from other sources, potentially creating a revenue stream beyond its own projects. The additional reclamation bonding payment underscores the company’s commitment to environmental stewardship and regulatory compliance.
For investors, the commencement of operations at Dominion could be a catalyst for share price appreciation if production meets expectations. The high-grade nature of the ore, with gold grades up to 113 g/t, indicates significant value per tonne. This could lead to improved cash flow and profitability, making Nicola an attractive prospect in the junior mining space.
Nicola Mining Inc. is a junior mining company listed on the Exchange and Frankfurt Exchange that maintains a 100% owned mill and tailings facility near Merritt, British Columbia. It has signed Mining and Milling Profit Share Agreements with high-grade gold projects. The company also owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares adjacent to Highland Valley Copper, Canada’s largest copper mine, and 100% of the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares.
The latest news and updates relating to NICM are available in the company’s newsroom at https://ibn.fm/NICM. For the full press release, visit https://ibn.fm/AWGFu.
