Nicola Mining Plans 2026 Drilling at Treasure Mountain Silver Project

The latest update is out from Nicola Mining ( (TSE:NIM) ).

Nicola Mining has announced plans for a 2026 exploration drilling program at its Treasure Mountain Silver Project, a permitted silver mine located in British Columbia. The program is supported by a multi-year exploration permit and a ten-year mine lease extension, aiming to explore sulphide-rich veins northwest of the suspended mine. This initiative follows extensive preparatory work, including geophysical surveys and soil sampling, and is part of Nicola’s strategy to capitalize on higher silver prices and the mine’s potential. The announcement has generated increased interest from investors and strategic partners, highlighting the project’s significance in Nicola’s portfolio.

The most recent analyst rating on (TSE:NIM) stock is a Buy with a C$1.50 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 overall stock score of 59 reflects a balance between significant financial distress and positive corporate developments. The financial challenges are severe, with insolvency risks and negative cash flows weighing heavily. However, positive corporate events and technical indicators suggest some potential for recovery and growth, warranting cautious optimism.

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 TSX.V and Frankfurt Exchange, owning a 100% mill and tailings facility near Merritt, British Columbia. The company has agreements in place for mining and milling profit sharing with high-grade gold and silver projects.

Average Trading Volume: 133,221

Technical Sentiment Signal: Buy

Current Market Cap: C$221.6M

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