Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
GGAU 0.190 +0.0% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.10 −3.5% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.48 +0.6% CAM 0.330 −1.5% SYH 0.400 −1.2% LOT 0.035 −12.5% CPL 0.180 −5.3% OTMC 0.410 +2.5% PEX 0.180 −2.7% GGAU 0.190 +0.0% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.10 −3.5% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.48 +0.6% CAM 0.330 −1.5% SYH 0.400 −1.2% LOT 0.035 −12.5% CPL 0.180 −5.3% OTMC 0.410 +2.5% PEX 0.180 −2.7%
Production / Operations Routine +

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.

Jun 26, 2026 · 09:01

Nicola confirms a porphyry target at Jotun despite cash burn and going concern risks dominating its near-term outlook.

Drill Results Jun 01, 2026 · 09:01

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

Production / Operations Apr 28, 2026 · 09:01

Nicola Mining Commences Drilling at New Craigmont as Milling Revenue Funds Exploration

Drill Results Apr 17, 2026 · 16:58

Financing Completes, Dilution Weighs on Share Price Despite Operational Milestones

Financings Apr 14, 2026 · 18:21

Nicola Mining Closes NASDAQ Offering Amidst Production Ramp-Up and Capital Raise

Financings Apr 13, 2026 · 07:01

Nicola Mining Secures US Capital Access But Dilution Looms as Mill Expansion Funding Confirmed

Financings