Nicola Mining Commences Shipping of Gold Concentrate Under Partnership with Talisker Resources

Core Viewpoint - Nicola Mining Inc. has initiated the shipping of gold concentrate in partnership with Talisker Resources, generating significant revenue from gold sales [1][2]. Group 1: Production and Upgrades - The production process has been enhanced through extensive upgrades, including automation and the installation of a large concentrator, which improved flotation recovery and optimized free gold recovery [2]. - The upgrades have positively impacted recovery rates, indicating Nicola's capability to increase future production levels [2]. Group 2: Financial Performance - In August, the partnership sold 707 ounces of gold, resulting in gross proceeds of approximately US$2.3 million [1]. Group 3: Company Overview - Nicola Mining Inc. is a junior mining company with a fully owned mill and tailings facility located in British Columbia, capable of processing both gold and silver through gravity and flotation methods [9]. - The company owns 100% of the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property, which includes 30 mineral claims [10]. Group 4: Future Prospects - The CEO emphasized that the upgrades position Nicola as a producer ready to benefit from rising gold and silver prices, with ongoing work at the Treasure Mountain high-grade silver mine [5]. - The support from BC's Ministry of Mining and Critical Minerals for smaller projects is expected to enhance Nicola's role as a hub in the mining sector [5].