Northwire Canada EditionTuesday, November 10, 2026
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Gold 4,037.90 −1.9% Silver 51.48 −2.3% Copper 6.27 −1.1% Oil 86.45 −0.5% Palladium 1,023.25 +0.2% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.372 −2.0% VCG 1.07 +4.9% LVX 0.235 −30.9% RAMP 0.250 −7.4% Gold 4,037.90 −1.9% Silver 51.48 −2.3% Copper 6.27 −1.1% Oil 86.45 −0.5% Palladium 1,023.25 +0.2% ABX 56.41 −5.6% PUR 0.370 +8.8% SCY 0.085 +6.2% AUMN 0.300 +7.1% SLG 6.24 −0.9% MSC 0.020 +0.0% MCI 0.140 +0.0% PPM 0.095 +0.0% SMP 0.045 −10.0% FUSE 0.020 −20.0% COPR 0.380 +1.3% WSK 0.170 +0.0% GAL 0.372 −2.0% VCG 1.07 +4.9% LVX 0.235 −30.9% RAMP 0.250 −7.4%
Production / Operations

Nicola Mining Ramps Up Production of High Grade Gold and Silver Concentrate

Nicola transitions to steady-state production as Merritt Mill becomes a regional processing hub

By The Northwire Desk — AI Analysis Feb 26, 2026 · 09:01 NIM · 1.27 Nicola Mining Inc.
Executive Summary

The most recent news (February 26, 2026) confirms that Nicola Mining has successfully ramped up production of high-grade gold and silver concentrate at its Merritt Mill. Key operational shifts include transitioning to a flotation-only recovery circuit to better suit the current mill feed and streamline throughput. Simultaneously, the company is preparing for a 10,000-tonne bulk sample extraction at its 75%-owned Dominion Gold Project, scheduled for July 2026. This follows the February 20, 2026, announcement of a $1.4 million payment from partner Blue Lagoon Resources for mineralized material, signaling a consistent cash-flow cycle.

Material Impact

The impact is Routine - Positive. While the news confirms the company is meeting its operational milestones, these developments were largely telegraphed in the December 2025 "Year in Review" and the June 2025 corporate presentation. - Operational De-risking: The transition to a flotation-only circuit suggests management is optimizing the mill for the specific metallurgy of the Dome Mountain feed, which should improve recovery rates and margins. - Cash Flow Validation: The receipt of $1.4M from Blue Lagoon and the previous $1.0M sale to Ocean Partners validate the revenue-sharing model. - Capacity Expansion: The company is moving toward its goal of 500 tonnes per day (tpd) capacity, up from the current 200 tpd, funded by the recently closed $4.96M private placement.

NIM · Price
Company Overview

Nicola Mining is a junior mining company with a unique "hub and spoke" model in British Columbia. - Flagship Asset: The Merritt Mill (Craigmont), the only facility in B.C. permitted to process third-party gold and silver mill feed. - New Craigmont Project: A 10,800-hectare copper property adjacent to Teck’s Highland Valley mine. It is a past producer (34Mt @ 1.28% Cu) currently being explored for porphyry potential. - Treasure Mountain: A fully permitted high-grade silver mine currently on care and maintenance, awaiting higher silver prices.

Read the original news release →

More from Nicola Mining Inc.

Nov 02, 2026 · 09:01

Nicola’s Dominion project has delayed its 10,000t bulk-sample goal to 2027, having only shipped 1,300t so far.

Production / Operations Oct 23, 2026 · 09:01

Nicola’s Merritt project slipped to fourth quarter with no disclosed tonnes, grades, or cash figures.

Production / Operations Oct 08, 2026 · 09:01

Nicola advances early-stage drilling while relying on third-party mill feed for survival.

Drill Results Sep 18, 2026 · 09:01

Nicola’s early-stage TM drilling confirms plan execution, with assay results serving as the primary catalyst for future project evaluation.

Drill Results Sep 09, 2026 · 09:01

Nicola reopens portals at its idle silver mine, though a 2027 restart remains uncertain due to unresolved capital expenditure and reserve requirements.

Production / Operations Aug 31, 2026 · 09:01

Nicola’s early-stage Red Eye feed assays validate the milling hub strategy with negligible near-term cash flow impact.

Production / Operations