Nicola Mining Expands Production Capacity with Multi-Source Ore Processing Strategy
TL;DR
Nicola Mining's upgraded $33 million Merritt Mill in British Columbia is the province's only facility permitted to accept third-party precious metal feed.
Nicola Mining is processing high-grade gold and silver ore from Talisker Resources using gravity and flotation processes in their fully permitted mill.
Nicola Mining's transition to a steady-state producer with long-term partnerships brings economic benefits to the region and creates sustainable mining practices for tomorrow.
Nicola Mining appointed Vicente García as Senior Geologist and is ramping up exploration at the New Craigmont Copper Project, showcasing innovation and growth in the mining industry.
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Nicola Mining Inc. has initiated a significant expansion of its ore processing capabilities at its $33 million Merritt Mill in British Columbia. The company has started receiving and processing high-grade gold and silver ore from Talisker Resources, marking a critical step in its transition to a multi-source production model.
The Merritt Mill, currently the only facility in British Columbia permitted to accept third-party precious metal feed, is expected to reach full production capacity by the third quarter of 2025. To support this growth, Nicola has commenced a permit amendment process to increase mill throughput.
In addition to the Talisker Resources partnership, the company is preparing to receive ore from Blue Lagoon Resources' Dome Mountain Mine and is advancing a bulk sample at its Dominion Creek project, where it holds a 75% interest. Simultaneously, Nicola is ramping up exploration efforts at the New Craigmont Copper Project and has strengthened its technical team by appointing Vicente García as Senior Geologist.
CEO Peter Espig emphasized the strategic importance of the company's fully permitted infrastructure and long-term partnerships. This approach positions Nicola Mining to capitalize on the growing demand for precious metals while leveraging its unique processing capabilities.
The company's diversified approach, which includes processing ore from multiple sources and exploring various mineral projects, suggests a robust strategy for sustainable growth in the mining sector. By establishing itself as a flexible and efficient ore processing partner, Nicola Mining is creating potential value for shareholders and contributing to the regional mining ecosystem.
Curated from InvestorBrandNetwork (IBN)
