Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has initiated the processing of high-grade gold-silver ore from Talisker Resources Inc. at its Merritt Mill facility, a strategic move that underscores the company's commitment to meeting the escalating global demand for precious metals. With ambitions to process 60,000 tonnes of ore annually and produce 21,000 ounces of gold-equivalent at full capacity, Nicola Mining is positioning itself as a key player in the critical minerals sector.
The surge in demand for gold and silver is driven by investors and central banks seeking safe havens amid economic instability. Central banks have notably increased their gold reserves, purchasing over 1,000 tonnes in 2024, doubling the decade's average and pushing reserves to nearly 36,000 tonnes, the highest since the Bretton Woods era. This trend is reflected in the soaring prices of gold, which reached an all-time high of over US$3,500 per ounce in April 2025.
Nicola Mining's operational advancement comes at a pivotal time when the value of precious metals is skyrocketing, highlighting the importance of sustainable and efficient mining practices. The company's progress not only contributes to the local economy but also plays a crucial role in the global supply chain of critical minerals, essential for various industries and financial markets.
