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Nicola Mining ( (TSE:NIM) ) has shared an announcement.
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.
Spark’s Take on TSE:NIM Stock
According to Spark, TipRanks’ AI Analyst, TSE:NIM is a Underperform.
Nicola Mining’s overall stock score is hindered by substantial financial challenges, including zero revenue, high leverage, and negative cash flows. These are partially offset by mixed technical signals which indicate some potential for short-term price movement. However, the valuation remains unattractive due to a negative P/E ratio and no dividend yield, reflecting the company’s ongoing financial difficulties.
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 Exchange and Frankfurt Exchange, owning a 100% mill and tailings facility near Merritt, British Columbia. The company has agreements with high-grade gold projects and can process both gold and silver mill feed. Nicola also owns the New Craigmont Project, a high-grade copper property, and the Treasure Mountain Property.
Average Trading Volume: 66,150
Technical Sentiment Signal: Buy
Current Market Cap: C$63.48M
See more data about NIM stock on TipRanks’ Stock Analysis page.