Borealis Mining Hits Key Restart Milestone with First Production Blast at Nevada Gold Mine

Borealis Mining Company Limited ( (TSE:BOGO) ) has provided an update.

Borealis Mining has completed the first production blast at its Borealis Gold Mine in Nevada, marking a key milestone in the mine’s restart and transition toward sustained operations. Conducted in the permitted East Ridge open pit, the blast fragmented about 40,000 short tons of material and confirms the site’s operational readiness following preparation and commissioning. The mined material will now be excavated and hauled to the existing heap leach pad, with stacking, leaching, and processing to proceed through the on-site ADR facility as the operation ramps up in stages. Management highlights that the mine’s existing infrastructure reduces restart risk and capital needs compared with a new build, supporting Borealis Mining’s ambition to solidify its position as a growing gold producer in Nevada while it evaluates further exploration and regional synergies across its broader asset portfolio.

The most recent analyst rating on (TSE:BOGO) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Borealis Mining Company Limited stock, see the TSE:BOGO Stock Forecast page.

More about Borealis Mining Company Limited

Borealis Mining Company Limited is a gold producer focused on restarting and operating the Borealis Gold Mine near Hawthorne, Nevada. The company leverages substantial existing infrastructure, including multiple permitted open pits, a heap leach pad, and an on-site ADR plant that produces doré bars, enabling a conventional open-pit, heap-leach operating model within a well-established Nevada mining jurisdiction.

Average Trading Volume: 535,960

Technical Sentiment Signal: Buy

Current Market Cap: C$197.8M

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