Nicola Mining Inc. has initiated the processing of high-grade gold and silver ore at its Merritt Mill facility, marking a significant transition for the company into steady production within the precious metals sector. The Merritt Mill has the capacity to process 60,000 tons of ore and produce 21,000 ounces of gold-equivalent concentrate annually at full production, positioning it as a cornerstone operation that will provide reliable revenue to support Nicola's copper, gold, and silver projects across British Columbia.
Peter Espig, CEO of Nicola Mining, emphasized the importance of this development, noting the rarity of junior mining companies reaching such production milestones. Espig also highlighted improved efficiencies in British Columbia's permitting process for underground mining operations, which are recognized for their minimal environmental impact. Beyond current production activities, the company is expanding its geological team and exploration efforts, with particular focus on the New Craigmont Project and the Treasure Mountain silver mine.
The Merritt Mill represents a unique asset in British Columbia's mining landscape as the only permitted third-party processing facility capable of handling both gold and silver mill feed through gravity and flotation processes. This distinctive capability, combined with Nicola's ownership of high-grade projects like the New Craigmont Copper Project and the Treasure Mountain Silver Project, creates a strategic advantage for the company. The integrated approach of processing third-party ore while developing company-owned projects positions Nicola for substantial growth within the mining industry.
The company's transition to production status carries broader implications for the junior mining sector in British Columbia. By successfully moving from exploration to active processing, Nicola demonstrates a viable pathway for other junior miners seeking to establish sustainable operations. The Merritt Mill's processing capabilities also create opportunities for regional mining projects that lack their own processing facilities, potentially stimulating additional economic activity in the area. As Nicola continues to develop its geological team and expand exploration at key projects like New Craigmont and Treasure Mountain, the company establishes a foundation for long-term growth while contributing to British Columbia's position as a significant mining jurisdiction with responsible environmental practices.
