Nicola Mining Inc. has commenced shipping gold concentrate under its Mining, Milling and Smelting Agreement with Talisker Resources Ltd., selling 707 ounces of gold in August for gross proceeds of approximately US$2.3 million. The production gains followed extensive upgrades to Nicola's processing facilities, including automation to enhance flotation recovery and installation of a large concentrator to optimize free gold recovery for ore from Talisker and Nicola's Dominion Gold Project.
CEO Peter Espig stated that these improvements solidify Nicola's position as a producer positioned to benefit from gold and silver prices while advancing work at its high-grade Treasure Mountain silver project. The company maintains a 100% owned mill and tailings facility near Merritt, British Columbia, and has signed Mining and Milling Profit Share Agreements with high-grade gold projects.
Nicola's fully permitted mill can process both gold and silver mill feed via gravity and flotation processes, providing flexibility in handling various ore types. The company also owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine.
Additional company information is available in the company's newsroom, while the full press release can be accessed at https://ibn.fm/UQEat. The announcement demonstrates Nicola Mining's transition toward consistent production and revenue generation through strategic partnerships and operational enhancements.
