Nicola Mining Launches 2025 Drilling Program at New Craigmont

Nicola Mining ( (TSE:NIM) ) has provided an update.

Nicola Mining has commenced its 2025 Exploration Diamond Drilling Program at the New Craigmont Copper Project, targeting potential porphyry copper systems. The program involves drilling 4,000-5,000 meters across several high-priority targets identified through AI-based analysis in collaboration with GoldSpot Discoveries. The initiative aims to expand mineralization at existing targets and test new ones, with an estimated budget of $1.5-2 million. The results could significantly impact Nicola’s operations by enhancing its understanding of the property’s mineral potential and guiding future exploration efforts.

The most recent analyst rating on (TSE:NIM) stock is a Buy with a C$0.60 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.

Nicola Mining’s overall stock score reflects a combination of significant financial challenges and promising technical and corporate developments. The financial performance is a major concern with declining revenues and negative equity, heavily impacting the score. However, recent corporate events and positive technical indicators suggest potential for future growth, balancing out some of the financial risks.

To see Spark’s full report on TSE:NIM stock, click here.

More about Nicola Mining

Nicola Mining Inc. is a mining company focused on the exploration and development of mineral properties. Its primary project is the New Craigmont Copper Project, located near Merritt, British Columbia, where it aims to explore and potentially develop porphyry copper systems.

Average Trading Volume: 106,576

Technical Sentiment Signal: Buy

Current Market Cap: C$84.99M

See more insights into NIM stock on TipRanks’ Stock Analysis page.