Project UpdateJul 15, 2026, 06:11 AM
Nicola Mining to Begin Gold Production at Dominion Project
AI Summary
Nicola Mining Inc. announced it is in the final stages of preparation to begin gold and silver extraction operations at its Dominion Gold Project. The extracted material will be processed at the Company's Merritt Mill, the only fully permitted milling facility in British Columbia for gold and silver. Preparations include an additional $251,000 payment for reclamation bonding, acquisition of key equipment like excavators and a rock drill, and hiring operational crews. Mill feed extraction is anticipated to start in the first week of July 2026, with the project demonstrating high-grade mineralization.
Key Highlights
- Commencing gold and silver extraction operations at Dominion Gold Project.
- Material will be processed at the Company's wholly owned Merritt Mill.
- Paid an additional $251,000 for reclamation bonding requirements.
- Acquired three CATERPILLAR 336-07 excavators and a high-performance rock drill.
- Mill feed extraction is expected to commence the first week of July 2026.
- Dominion project has returned gold grades up to 113 grams per tonne.
Price Impact
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