Nicola Mining Inc. (TSXV: NIM) has actually started getting silver and gold ore from Talisker Resources (TSX: TSK) and is presently going through pre-production modifications.
Nicola’s $33 million milling and handling center, situated near Merritt, British Columbia, has actually gone through numerous upgrades in 2024.
Manufacturing at the center is anticipated to increase and get to complete capability in Q3.
The business has actually additionally started the procedure of making an application for a license modification to enhance mill throughput.
Nicola’s Merritt Mill is the only center in British Columbia allowed to approve third-party silver and gold mill feed from throughout the district.
The business had actually formerly introduced that it authorized a milling arrangement with Talisker on July 18, 2024.
Both firms have actually begun dealing with Ocean Partners UK Limited on the sale of silver and gold concentrate.
Along with silver and gold manufacturing, Nicola is preparing to start copper expedition at its New Craigmont Copper Task– a state-of-the-art home covering over 10,800 hectares along the southerly end of the Guichon Batholith. The job adjoins Highland Valley Copper, Canada’s biggest copper mine.
Nicola additionally has 100% of the Prize Hill Residential or commercial property, that includes 30 mineral cases and a mineral lease, covering greater than 2,200 hectares.
Nicola shares were down 1.4% Wednesday early morning in Toronto, providing the business a market capitalization of C$ 61.8 million (US$ 44.7 million).
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