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Blue Lagoon Resources ( (TSE:BLLG) ) has provided an update.
Blue Lagoon Resources Inc. has commenced underground mining operations at its Dome Mountain Gold Project in British Columbia, marking a significant milestone in its transition to production. The company has received its first delivery of blasting material and completed its first underground blast, positioning itself to generate near-term cash flow. This development follows the commissioning of a state-of-the-art water treatment plant, underscoring Blue Lagoon’s readiness to responsibly advance Dome Mountain into gold production. The company plans to focus on accessing high-grade zones and transporting mined material to Nicola Mining Inc. for processing, ensuring a quick path to gold concentrate sales.
The most recent analyst rating on (TSE:BLLG) stock is a Buy with a C$1.11 price target. To see the full list of analyst forecasts on Blue Lagoon Resources stock, see the TSE:BLLG Stock Forecast page.
More about Blue Lagoon Resources
Blue Lagoon Resources Inc. is a Canadian publicly listed mining company focused on developing its 100% owned Dome Mountain Gold project in British Columbia, Canada. The company aims to build shareholder value through aggressive development and has achieved a full mining permit, making it one of only nine such permits issued in the region since 2015. Blue Lagoon is led by professionals with significant finance and mining experience, with a primary objective of becoming a cash-flowing mining company to deliver tangible value to shareholders and local communities.
Average Trading Volume: 201,359
Technical Sentiment Signal: Buy
Current Market Cap: C$91.54M
See more data about BLLG stock on TipRanks’ Stock Analysis page.