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Nicola Mining Inc (TSE:NIM)
:NIM
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Nicola Mining (NIM) AI Stock Analysis

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TSE:NIM

Nicola Mining

(NIM)

Rating:56Neutral
Price Target:
C$0.50
▼(-29.58%Downside)
Nicola Mining's overall stock score is primarily impacted by its weak financial performance, which is a major concern. However, positive technical momentum and optimistic corporate developments provide some balance, suggesting potential for future improvement if financial health stabilizes.
Positive Factors
Exploration Success
Nicola announced drill results from its 14-hole, 4,874m drill program at its New Craigmont Copper Project, highlighting significant copper mineralization found and key targets derived for its 2025 program.
New Discoveries
The 2024 program was successful in discovering significant copper findings in the MARB / CAS Zones, which haven’t seen copper exploration since the 1960s.
Negative Factors
Fundraising Outcome
NIM announced the closing of its non-brokered private placement, raising $1.1M through the issuance of 4.0M units, less than originally planned for the placement, given its strong cash position.

Nicola Mining (NIM) vs. iShares MSCI Canada ETF (EWC)

Nicola Mining Business Overview & Revenue Model

Company DescriptionNicola Mining Inc. is a Canada-based junior mining company focused on the exploration and development of mineral properties. The company operates in the mining sector with core activities centered around the exploration, development, and management of mineral resource projects. Nicola Mining's portfolio includes projects that target precious metals such as gold and silver, as well as base metals like copper. The company is committed to advancing its assets through strategic partnerships and sustainable mining practices.
How the Company Makes MoneyNicola Mining generates revenue primarily through the exploration and development of its mineral properties, which can lead to the extraction and sale of precious and base metals. The company may also earn income through strategic partnerships, joint ventures, and agreements with other mining companies that allow for shared exploration and development costs. Additionally, Nicola Mining could potentially receive royalties or other financial compensations from the development of its properties by partners. The company's focus on sustainable practices may also enhance its attractiveness to investors and partners, contributing to its financial performance.

Nicola Mining Financial Statement Overview

Summary
Nicola Mining faces severe financial challenges, with declining revenues and negative profit margins indicating ongoing operational losses. The balance sheet reveals insolvency risks due to negative equity and high leverage, while cash flows are negative, signaling efficiency issues in cash generation.
Income Statement
25
Negative
The income statement reveals a challenging financial period for Nicola Mining. The company has experienced declining revenues, from $1,618,000 in 2023 to $818,157 in 2024, reflecting a significant revenue contraction. Gross profit margins are negative due to higher costs of goods sold than revenues. The net profit margin is also negative, demonstrating operating losses. EBIT and EBITDA margins are similarly negative, indicating inefficiencies in operations. Overall, the company faces substantial profitability challenges.
Balance Sheet
20
Very Negative
Nicola Mining's balance sheet shows high financial risk. The company's stockholders' equity has turned negative at -$9,814,620 in 2024, indicating insolvency. The debt-to-equity ratio is not calculable due to negative equity, but the presence of substantial total debt ($4,535,667) against minimal equity highlights high leverage. The equity ratio is also negative, further underscoring financial instability. These figures suggest a precarious financial position with significant risk of financial distress.
Cash Flow
30
Negative
The cash flow statement for Nicola Mining indicates negative operating cash flows and a negative free cash flow of -$3,764,284 in 2024. This decline from positive cash flows in the previous year signals weakening cash-generating capabilities. The operating cash flow to net income ratio and free cash flow to net income ratio are unfavorable, highlighting inefficiencies in converting income into cash. Despite these issues, the company has managed to secure some financing, which provides limited liquidity support.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue818.16K1.62M0.000.000.00
Gross Profit-1.44M-1.52M-975.00K-1.48M-1.04M
EBITDA-4.40M-1.75M1.53M-1.77M-1.35M
Net Income-5.23M-3.33M-52.83K-3.40M-2.89M
Balance Sheet
Total Assets10.66M25.72M18.58M12.36M11.35M
Cash, Cash Equivalents and Short-Term Investments2.54M4.76M895.77K916.29K824.71K
Total Debt4.54M4.25M5.73M7.04M6.55M
Total Liabilities20.47M19.44M16.51M11.52M11.15M
Stockholders Equity-9.81M6.28M2.08M841.42K198.84K
Cash Flow
Free Cash Flow-3.76M3.82M1.67M-2.74M-1.13M
Operating Cash Flow-3.31M3.87M1.73M-2.22M-1.12M
Investing Cash Flow-1.59M-88.70K-75.65K-336.87K-11.50K
Financing Cash Flow1.60M78.24K-1.68M2.65M1.46M

Nicola Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.71
Price Trends
50DMA
0.51
Positive
100DMA
0.43
Positive
200DMA
0.36
Positive
Market Momentum
MACD
0.06
Negative
RSI
72.61
Negative
STOCH
58.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NIM, the sentiment is Positive. The current price of 0.71 is above the 20-day moving average (MA) of 0.61, above the 50-day MA of 0.51, and above the 200-day MA of 0.36, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 72.61 is Negative, neither overbought nor oversold. The STOCH value of 58.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:NIM.

Nicola Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
63
Neutral
$10.49B9.491.49%2.70%2.28%-33.88%
56
Neutral
C$125.72M-122.83%-370.49%
42
Neutral
C$66.45M-5.97%55.15%
40
Underperform
C$43.35M-4.74%30.08%
39
Underperform
C$76.99M-3.20%9.09%
32
Underperform
C$68.89M-213.92%29.90%
26
Underperform
C$65.40M-399.98%7.43%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:NIM
Nicola Mining
0.71
0.35
97.22%
TSE:HPQ
HPQ-Silicon Resources
0.16
-0.14
-46.67%
TSE:WM
Wallbridge Mng Co
0.07
>-0.01
-12.50%
TSE:CDB
Cordoba Minerals
0.76
0.21
38.18%
TSE:SYH
Skyharbour Resources
0.32
-0.05
-13.51%
TSE:LCE
Century Lithium
0.29
<0.01
3.57%

Nicola Mining Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
Nicola Mining Accelerates Warrant Expiry Amidst Strong Share Performance
Positive
Jul 21, 2025

Nicola Mining Inc. has announced the acceleration of the expiry of outstanding common share purchase warrants, initially issued in February 2025, due to the company’s share price reaching a specified threshold. The accelerated expiry will allow the company to utilize proceeds for general working capital, including exploration and milling activities, reflecting successful milestones in their gold and silver production and 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.

Private Placements and Financing
Nicola Mining Closes Oversubscribed Private Placement to Fund Exploration
Positive
Jul 17, 2025

Nicola Mining Inc. has successfully closed an oversubscribed non-brokered private placement, raising $2,175,000 through the sale of 4,350,000 units at $0.50 each. The proceeds will be used for further exploration of the New Craigmont Project. This financial move strengthens Nicola’s position in the mining industry, particularly in copper exploration, and highlights investor confidence in its projects.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Nicola Mining Initiates Long-Term Gold and Silver Production at Merritt Mill
Positive
Jul 9, 2025

Nicola Mining has commenced long-term production of gold and silver concentrate at its Merritt Mill in British Columbia, marking a significant transition from processing bulk sample mill feed to a sustained production strategy. This move, supported by partnerships with companies like Talisker Resources and Blue Lagoon Resources, positions Nicola as a key player in the high-grade gold and silver milling sector in the region, enhancing its strategic importance and commitment to environmentally responsible mining practices.

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.

Private Placements and Financing
Nicola Mining Launches $2M Private Placement for Exploration
Positive
Jul 4, 2025

Nicola Mining Inc. has announced a non-brokered private placement of up to 4,000,000 units at $0.50 per unit, aiming to raise $2,000,000. The proceeds will be used for further exploration of the New Craigmont Project. The offering includes flow-through common shares and warrants, with insider participation possible. This move is expected to bolster Nicola’s exploration efforts and strengthen its position in the mining industry.

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.

Business Operations and Strategy
Nicola Mining Launches 2025 Drilling Program at New Craigmont
Positive
Jun 20, 2025

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.

Business Operations and Strategy
Nicola Mining Secures Multi-Year Exploration Permit for Treasure Mountain
Positive
Jun 9, 2025

Nicola Mining Inc. has received a multi-year area-based exploration permit for its Treasure Mountain Silver Project, allowing extensive exploration activities over the next five years. This development, along with a recent ten-year mining lease extension, enhances the company’s exploration and mining potential, positioning it favorably in the market amid strong silver prices.

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.

Executive/Board ChangesBusiness Operations and Strategy
Nicola Mining Strengthens Exploration Team with New Senior Geologist
Positive
Jun 4, 2025

Nicola Mining Inc. has appointed Vicente García as Senior Geologist to enhance its copper porphyry expertise as it embarks on an aggressive 2025 exploration program. García’s extensive experience in various mineral exploration projects, including copper and lithium, is expected to significantly contribute to Nicola’s exploration efforts, particularly at the New Craigmont Project and Treasure Mountain Silver Mine. The company aims to capitalize on copper exploration opportunities while continuing its gold and silver production, strengthening its position in the mining industry.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Nicola Mining Begins Gold and Silver Production, Expands Operations
Positive
May 21, 2025

Nicola Mining Inc. has commenced gold and silver production at its upgraded facility in Merritt, British Columbia, receiving ore from Talisker Resources Inc. and working with Ocean Partners UK Limited on concentrate sales. The company is ramping up production to reach full capacity by Q3 and is applying for a permit amendment to increase mill throughput. Nicola is also preparing for copper exploration at its New Craigmont Copper Project and has strengthened its geological team. The company is involved with Blue Lagoon Resources and is preparing to accept ore from Dome Mountain Mine, while also initiating mining activities at its Dominion Creek Mineral Project.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 22, 2025