Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has commenced processing high-grade gold and silver ore at its Merritt Mill facility in British Columbia, signaling a pivotal advancement in its operational capabilities. The company anticipates processing 60,000 tons of ore annually, yielding 21,000 ounces of gold-equivalent concentrate at full capacity. This development not only underscores Nicola's transition into a steady producer but also highlights the strategic importance of its fully permitted mill, the only third-party processing facility of its kind in British Columbia.
CEO Peter Espig expressed enthusiasm about the company's progress, noting the rare achievement of junior miners reaching production levels capable of capitalizing on current precious metal prices. Espig also pointed to improved efficiencies in British Columbia's permitting process for underground mining operations, which are known for their minimal environmental impact. Alongside production, Nicola is expanding its geological team and exploration activities, particularly at the New Craigmont Project and the Treasure Mountain Silver Project, indicating a robust future for the company's mining endeavors.
The Merritt Mill's operations are expected to generate reliable revenue for Nicola and its British Columbian partners, while also supporting the company's copper, gold, and silver projects across the province. This move positions Nicola Mining Inc. as a key player in the precious metals industry, with potential implications for investors and the broader mining sector. For more details, visit https://ibn.fm/p1s7B.
