Nicola Mining Reports US$2.3 Million Gold Sales Following Operational Upgrades

Nicola Mining Inc. has reported significant gold sales totaling US$2.3 million for August 2024 through its partnership with Talisker Resources Ltd. The company sold 707 ounces of gold concentrate under their Mining, Milling and Smelting Agreement, marking a substantial production milestone following extensive operational upgrades that have positioned the company for sustained revenue generation in the current precious metals market.

The revenue achievement follows comprehensive facility improvements that included automation systems to enhance flotation recovery and the installation of a large concentrator to optimize free gold recovery from ore sourced from both Talisker and Nicola's Dominion Gold Project. These technological enhancements have significantly increased processing efficiency and output capabilities, allowing the company to maximize returns from its mining operations while maintaining cost-effective production methods. The operational improvements represent a strategic investment in the company's long-term production capacity and market competitiveness.

Chief Executive Officer Peter Espig stated that these operational improvements solidify Nicola's position as a producer well-positioned to benefit from current gold and silver market prices. The company continues to advance development work at its high-grade Treasure Mountain silver project while maintaining production momentum through its partnership arrangements, demonstrating a balanced approach between immediate revenue generation and long-term project development. This dual-track strategy allows the company to capitalize on current market conditions while building value through exploration and development activities.

Nicola Mining maintains a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing both gold and silver mill feed through gravity and flotation processes. The company's infrastructure supports its various profit share agreements with high-grade gold projects in the region, providing a stable foundation for continued operations and potential expansion. The August sales figures represent a significant operational achievement for the junior mining company as it expands its production capabilities and explores additional mineral properties in British Columbia's mining districts. Additional corporate information is available through the company's newsroom at https://ibn.fm/HUSIF.