Nicola Mining Strengthens Exploration Team with New Senior Geologist

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

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.

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 TSX-V and Frankfurt Exchange. It owns a 100% owned mill and tailings facility near Merritt, British Columbia, and has Mining and Milling Profit Share Agreements with high-grade BC-based gold projects. The company is involved in processing gold and silver mill feed and owns the New Craigmont Project, known for high-grade copper mineralization, and the Treasure Mountain Property.

Average Trading Volume: 80,807

Technical Sentiment Signal: Buy

Current Market Cap: C$77.91M

For detailed information about NIM stock, go to TipRanks’ Stock Analysis page.