Blue Lagoon Marks One-Year Anniversary of Mining Permit Receipt as Gold & Silver Price Outlook Strengthens and Operational Milestones Accelerate

Core Insights - Blue Lagoon Resources Inc. has successfully transitioned from permitting to operational status at its Dome Mountain Gold and Silver Project, marking a significant milestone as one of only nine mining projects permitted in British Columbia over the past decade [1][2][14] - The macroeconomic environment for gold and silver has improved, with analysts forecasting gold prices to reach US$4,746.50 per ounce in 2026, driven by inflation, geopolitical instability, and central bank activities [3][10] - The company has achieved key operational milestones, including a milling agreement, receipt of the first production payment of approximately US$1 million, and the initiation of underground mining [4][8] Operational Progress - Since receiving the mining permit, Blue Lagoon has established a 10-year milling agreement and received its first production payment, validating its cash-flow model [4][14] - The company has completed a critical year-round wastewater treatment system and scaled up its mining workforce amid a tight labor market [8] - Blue Lagoon's commitment to high operational standards is reflected in its strong relationship with the Lake Babine First Nation, which has been crucial for project development [5][6] Sustainability and Community Engagement - Blue Lagoon was nominated for the 2026 PDAC Sustainability Award, recognizing its environmental stewardship and Indigenous partnership model [6][7] - The company has engaged meaningfully with the Lake Babine First Nation, embedding Indigenous values into its project planning and operations [5][6] Market Positioning - The upward revision in long-term gold price forecasts positions Blue Lagoon favorably to benefit from a sustained higher price environment, with the company believing it is well-prepared for future growth [10][11] - The established support from First Nations provides a strategic advantage, reducing permitting and execution risks as the company pursues further operational and exploration activities [9][10]