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Nicola Mining ( (TSE:NIM) ) has issued an update.
Nicola Mining has completed its 2025 diamond drilling program at the New Craigmont Copper Project, drilling seven holes totaling 3,347 metres across three key targets: MARB-CAS, Draken and WP/West Craigmont. Extensive sampling, petrography and geochemical work are underway, and early geological observations indicate that Draken exhibits classic porphyry-style alteration and copper-molybdenum mineralization, supporting its interpretation as the most promising porphyry target on the western side of the property. At MARB, a highlighted interval of 9.5 metres grading 0.39% copper, interpreted to be associated with nearby skarn systems, provides encouraging evidence of additional copper-bearing zones, though further drilling will be needed to test continuity and refine exploration vectors toward a potential porphyry centre at New Craigmont.
The most recent analyst rating on (TSE:NIM) stock is a Sell with a C$1.00 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 Canadian exploration and development company focused on its flagship New Craigmont Copper Project near Merritt, British Columbia. The company is active in copper exploration, targeting porphyry and skarn-style mineralization within the historic Craigmont mining camp as it seeks to define new copper resources in a well-known mining district.
Average Trading Volume: 156,037
Technical Sentiment Signal: Buy
Current Market Cap: C$247.3M
Find detailed analytics on NIM stock on TipRanks’ Stock Analysis page.