Nicola Mining Inc. has commenced shipping gold concentrate under its Mining, Milling and Smelting Agreement with Talisker Resources Ltd., selling 707 ounces of gold in August for gross proceeds of approximately US$2.3 million. This significant revenue generation follows extensive operational upgrades at Nicola's processing facilities, including automation to enhance flotation recovery and installation of a large concentrator to optimize free gold recovery for ore from both Talisker and Nicola's Dominion Gold Project.
The production gains solidify Nicola's position as an active producer positioned to benefit from current gold and silver prices while simultaneously advancing development work at its high-grade Treasure Mountain silver project. CEO Peter Espig emphasized that these improvements represent a strategic advancement in the company's operational capabilities, allowing for more efficient processing of precious metals from partner projects and company-owned properties.
Nicola Mining maintains a 100% owned mill and tailings facility near Merritt, British Columbia, which is fully permitted to process both gold and silver mill feed via gravity and flotation processes. The company has signed Mining and Milling Profit Share Agreements with high-grade gold projects, creating multiple revenue streams beyond its owned properties. Additional corporate information is available in the company's newsroom at https://ibn.fm/HUSIF.
Beyond the Talisker partnership, Nicola owns 100% of the New Craigmont Project, a high-grade copper property covering 10,913 hectares along the southern end of the Guichon Batholith, adjacent to Highland Valley Copper, Canada's largest copper mine. The company also fully owns the Treasure Mountain Property, which includes 30 mineral claims and a mineral lease spanning over 2,200 hectares. These assets provide additional growth opportunities beyond the current gold production activities.
The successful gold sales demonstrate the effectiveness of Nicola's partnership model and operational enhancements, providing tangible evidence of the company's transition from exploration to production. This development is particularly significant given current market conditions for precious metals, positioning Nicola to capitalize on favorable pricing while continuing to develop its substantial portfolio of mineral properties across British Columbia.
