Nicola Mining Inc. has initiated the processing of high-grade gold and silver ore at its Merritt Mill facility, a development that underscores the company's transition into a steady producer within the precious metals sector. The Merritt Mill, with capacity to process 60,000 tons of ore and produce 21,000 ounces of gold-equivalent concentrate annually at full production, is positioned to become a cornerstone of Nicola's operations. This processing capability provides reliable revenue streams while supporting the company's copper, gold, and silver projects across British Columbia.
Peter Espig, CEO of Nicola Mining, emphasized the significance of this milestone, noting the rarity of junior mining companies reaching such production levels. Espig also highlighted improved efficiencies in British Columbia's permitting process for underground mining operations, which are recognized for their minimal environmental impact. The company's strategic approach extends beyond current production, with expansion of its geological team and increased exploration activities at key projects including the New Craigmont Project and the Treasure Mountain silver mine.
The Merritt Mill distinguishes itself as the only permitted third-party processing facility in British Columbia capable of handling both gold and silver mill feed through gravity and flotation processes. This unique operational position, combined with Nicola's ownership of high-grade projects such as the New Craigmont Copper Project and the Treasure Mountain Silver Project, creates a strong foundation for sustained growth in the mining industry. The company's transition to active production represents an important development for junior mining companies seeking to establish consistent revenue streams while maintaining exploration and development activities.
