Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has taken a significant step forward in its growth by commencing the processing of high-grade gold and silver ore at its Merritt Mill facility in British Columbia. This development is particularly noteworthy as it positions the company for steady production and long-term success in the precious metals sector. With the rising value of precious metals, Nicola Mining's ability to process 60,000 tons of ore and produce 21,000 ounces of gold-equivalent concentrate annually at full capacity is a testament to its operational capabilities and strategic positioning.
Peter Espig, CEO of Nicola Mining, expressed enthusiasm about the company's transition into a steady and long-term producer, a rare achievement for junior miners. The Merritt Mill not only provides accessible and reliable revenue for Nicola's British Columbian partners but also supports its own copper, gold, and silver projects across the province. Furthermore, the company has noted improvements in the efficiency of British Columbia's permitting process for underground mining operations, which typically have a minimized environmental impact. This, combined with the strategic advantage of its fully permitted mill, underscores Nicola's commitment to sustainable and efficient mining practices.
In addition to ramping up production, Nicola Mining has bolstered its geological team and is preparing for an exciting exploration campaign at the New Craigmont Project and its fully permitted silver mine, Treasure Mountain. These initiatives highlight the company's dedication to expanding its footprint in the mining industry while adhering to environmental and regulatory standards. For more details on Nicola Mining's progress and projects, visit https://ibn.fm/p1s7B.
