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The latest update is out from Nicola Mining ( (TSE:NIM) ).
Nicola Mining Inc. and Blue Lagoon Resources have completed their first sale of gold and silver worth US$1.0 million to Ocean Partners UK Limited under their long-term partnership, marking a significant step in ramping up production and revenue generation amid strong precious metal prices. Ongoing steady shipments of gold and silver mill feed from Blue Lagoon to Nicola’s mill underscore the operational progress of the collaboration, strengthening Nicola’s utilization of its processing infrastructure and reinforcing its position as a growing toll-milling and precious metals player in British Columbia.
The most recent analyst rating on (TSE:NIM) stock is a Hold with a C$0.96 price target. To see the full list of analyst forecasts on Nicola Mining stock, see the TSE:NIM Stock Forecast page.
Spark’s Take on TSE:NIM Stock
According to Spark, TipRanks’ AI Analyst, TSE:NIM is a Neutral.
The score is held back primarily by weak financial performance—negative gross profit, large ongoing losses, negative equity, and renewed cash burn—despite improved revenue and sharply lower debt. Technicals are mixed but somewhat supportive, while valuation remains unattractive due to negative earnings and no dividend yield data.
To see Spark’s full report on TSE:NIM stock, click here.
More about Nicola Mining
Nicola Mining Inc. is a junior mining company listed on the TSX Venture Exchange and Frankfurt Exchange that owns a 100% interest in a fully permitted mill and tailings facility near Merritt, British Columbia, capable of processing gold and silver mill feed via gravity and flotation. The company has Mining and Milling Profit Share Agreements with high-grade gold projects and holds 100% ownership of the New Craigmont high-grade copper property adjacent to Highland Valley Copper, as well as the fully permitted Treasure Mountain high-grade silver mine comprising 30 mineral claims and a mineral lease.
Average Trading Volume: 112,544
Technical Sentiment Signal: Buy
Current Market Cap: C$204.9M
For an in-depth examination of NIM stock, go to TipRanks’ Overview page.