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Blue Lagoon Resources ( (TSE:BLLG) ) has provided an update.
Blue Lagoon Resources announced that underground production at its Dome Mountain Gold Mine has ramped back up following the holiday shutdown, with output expected to reach a steady 100 tonnes per day by the end of January and progress toward its fully permitted level of 150 tonnes per day. The company is introducing a second production shift, building an on-site fire assay lab to speed grade-control decisions, and enhancing mine planning with new LiDAR surveying capabilities, all aimed at stabilizing operations and establishing regular shipments to toll-milling partner Nicola Mining, which has already processed and paid for a portion of December’s 1,300-tonne delivery. To support this transition to consistent revenue generation, Blue Lagoon is issuing shares to senior employees and has secured a $500,000, interest-free bridge loan from its president—accompanied by bonus shares—highlighting insider support for short-term working capital needs as production scales up and the company advances its move toward sustained cash flow.
The most recent analyst rating on (TSE:BLLG) stock is a Buy with a C$1.11 price target. To see the full list of analyst forecasts on Blue Lagoon Resources stock, see the TSE:BLLG Stock Forecast page.
More about Blue Lagoon Resources
Blue Lagoon Resources Inc. is a Canadian-based, growth-oriented mining company producing gold from its 100%-owned Dome Mountain Gold Mine near Smithers, British Columbia. Operating under a full mining permit granted in 2025—one of only a handful issued in the province in the past decade—the company processes mineralized material through a toll-milling arrangement, leveraging a management team with extensive mining and finance experience in a favorable jurisdiction.
YTD Price Performance: 2.63%
Average Trading Volume: 171,618
Technical Sentiment Signal: Buy
Current Market Cap: C$112.7M
For detailed information about BLLG stock, go to TipRanks’ Stock Analysis page.