Nicola Completes 2026 Mining Campaign at Dominion Gold Project and Delivers Material to Merritt for Processing

Nicola Mining Inc. (NIM) announced the completion of its 2026 mining campaign at the Dominion Creek Gold Project and the shipment of approximately 1,300 tonnes of mill feed to the Merritt processing facility. The company stated that material from the Dominion, Red Eye Resources, and Blue Lagoon operations is expected to contribute to fourth-quarter revenue. The release did not provide specific grade, recovery, contained-metal, cost, or revenue figures for the shipped material.

The mining campaign was originally scheduled for early July 2026 but was modestly deferred until mid-July due to equipment arrival and additional development work prompted by the identification of previously unrecognized veins. Operations focused on the roughly 5-metre Pit Vein, the roughly 1.5-metre 16 Vein, and the newly identified 16 East Vein. Nicola noted that these veins remain open in multiple directions and that the late-July deployment of a Traxxon drill mounted on a CAT 336 excavator improved extraction efficiency.

The company indicated that the Dominion project is positioned for increased material extraction and potential gold production in 2027. This timeline represents a shift from prior language regarding near-term cash flow and gold production. The 1,300-tonne shipment volume was previously disclosed in an October 23 Merritt mill update, meaning the current announcement highlights campaign completion, equipment mobilization, and the 2027 production outlook rather than new tonnage data.

Nicola Mining reiterated its 75% economic interest in the Dominion project for the first 10,000 tonnes, with ownership moving to 100% thereafter. The company’s chief executive officer stated that Nicola will evaluate additional acquisitions with a path to monetization in approximately three years. The term “high-grade” used to describe the mill feed was not quantified in the release.

Nicola Mining Inc. (NIM) released a routine operational update regarding the completion of its 2026 campaign and the shipment of 1,300 tonnes of material. This volume falls significantly short of the 10,000-tonne bulk-sample target referenced by management earlier in 2026. While the shipment was deferred from early July to mid- or late-July, the primary concern is the failure to achieve the promised scale of the bulk sample, which has pushed potential gold production into 2027.

The release provided no assay data, grades, recovery rates, cost per tonne, revenue estimates, or cash-flow figures. For a company that reported $1.50 million in revenue and a net loss of $1.02 million in the first quarter of 2026, the 1,300-tonne shipment lacks the economic context necessary to alter fundamental views. The stock was already trading near its 52-week low prior to the announcement, suggesting the market had already priced in the delays and reduced execution scale.

Nicola Mining Inc. (NIM) is a British Columbia-based mining and mineral processing company. Its central asset is the fully permitted Merritt mill and tailings facility, which processes gold- and silver-bearing mill feed using gravity and flotation circuits. The facility is described as the only one in B.C. permitted to accept third-party gold and silver mill feed province-wide.

The company’s portfolio includes 100% of the New Craigmont copper project, comprising more than 10,800 hectares along the southern margin of the Guichon Batholith near Highland Valley Copper. It also holds 100% of the Treasure Mountain silver project, consisting of 30 mineral claims and a mineral lease over more than 2,200 hectares. Additionally, Nicola maintains a 75% economic interest in Dominion Creek for the first 10,000 tonnes, moving to 100% thereafter. The company has milling or profit-share arrangements with Blue Lagoon Resources and Red Eye Resources, as well as a gravel/rock royalty agreement with Lower Nicola Site Services.