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Production / Operations Routine +

Nicola Mining to Commence Gold Production at Dominion Gold Project

Nicola Mining Advances Dominion Gold Project Production Amidst Broader Milling Expansion and NASDAQ Listing

By The Northwire Desk — AI Analysis Jun 01, 2026 · 09:01 NIM · 0.8 Nicola Mining Inc.
Executive Summary
  • Nicola Mining Inc. announced it will commence gold and silver extraction at its Dominion Gold Project, with mill feed extraction scheduled for the first week of July 2026.
  • The company has finalized key capital expenditures, including the acquisition of heavy mining equipment (three Cat 336-07 excavators, Traxxon TR-EX2000 rock drill, John Deere 310E haul truck), a fully furnished 14-person site camp, and operational crews.
  • Extracted material will be processed at the company's wholly-owned, fully permitted Merritt Mill in British Columbia.
  • An additional $251,000 was advanced toward reclamation bonding requirements under Mines Act Permit MX-100000488.
  • The company is actively coordinating with partner Blue Lagoon Resources Inc., noting their continued production milestones.
  • CEO Peter Espig highlighted the high-grade nature of the Dominion asset, citing historical vein systems returning up to 113 grams of gold per tonne.
Material Impact
  • The announcement represents a routine positive milestone that aligns with previously communicated timelines for the Dominion Creek bulk sample program.
  • Progression from exploration and permitting to active extraction marks a critical operational step, validating the company's strategy to transition its Merritt Mill into a dedicated gold and silver production hub.
  • The news does not introduce unexpected financial terms or major strategic shifts; rather, it confirms the execution of a planned capital deployment and operational ramp-up.
  • Market reaction is likely to be measured, as the financing required for this phase was already secured through the April 2026 public offering and private placements.
NIM · Price
Company Overview
  • Nicola Mining Inc. operates a diversified portfolio of precious and base metal assets in British Columbia, centered around its fully permitted Merritt Mill.
  • The flagship Dominion Gold Project is a high-grade gold-silver property located ~43 km northeast of Wells, BC, covering ~1,058 hectares.
  • The company is transitioning from a toll-milling operator to a producer, leveraging its Merritt Mill to process ore from third-party partners like Blue Lagoon and Talisker, as well as its own Dominion project.
  • Additional assets include the New Craigmont Copper Project (exploration stage), Treasure Mountain Silver Project (permitted, care and maintenance), and a gravel pit/cement ready-mix operation providing diversified revenue.
Read the original news release →

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