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Nicola Mining Up 5% as It Readies to Begin Production at Its Dominion Gold Project

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Nicola Mining (NIM.V) were last seen up 5% after the company on Monday said it is in the final stages of preparing for the start of gold and silver mining operations at its Dominion Gold project in British Columbia.

Material extracted from Dominion will be processed at Nicola's Merritt Mill.

The company said it is advancing multiple key infrastructure, equipment, and operational initiatives ahead of the start of operations, while also strengthening its reclamation profile through an additional $251,000 payment toward its reclamation bonding requirement. Mill feed extraction is expected to start first week of July.

"Dominion represents a highly compelling high-grade gold asset that we believe possesses both exceptional near-term production potential and significant long-term strategic value for Nicola," said Chief Executive Peter Espig. "As we transition toward extraction, we are particularly excited by the opportunity to establish Dominion as a meaningful and sustainable source of premium-grade mill feed for our Merritt Mill operations."

Shares of the company were last seen up $0.04 to $0.84 on the TSX Venture Exchange.

Price: $0.84, Change: $+0.04, Percent Change: +5.00%

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