Nicola Mining Inc. has commenced processing high-grade gold-silver ore from Talisker Resources Inc. at its Merritt Mill facility, marking a significant operational milestone for the company. This development occurs during a period of extraordinary demand for precious metals, with investors and central banks increasingly seeking safe-haven assets amid global economic instability. The company plans to process 60,000 tonnes of ore annually, targeting production of 21,000 ounces of gold-equivalent at full capacity.
The timing of this operational expansion aligns with unprecedented central bank gold acquisitions, with institutions purchasing over 1,000 tonnes of gold in 2024 alone. This represents double the decade's average and has elevated global gold reserves to nearly 36,000 tonnes, the highest level since the Bretton Woods era. Gold prices have correspondingly reached record levels, surpassing US$3,500 per ounce in April 2025, creating optimal market conditions for increased production.
Nicola Mining's strategic decision to increase processing capacity positions the company to benefit directly from this booming precious metals market. The growing emphasis on critical minerals within the global economy underscores the importance of this development, as gold and silver continue to serve as fundamental stores of value during periods of economic uncertainty. Additional information about Nicola Mining's operational progress and the broader implications of rising precious metals demand can be found at https://ibn.fm/Vs8Tt and https://ibn.fm/Kk8mC.
The company's ability to process high-grade ore from Talisker Resources represents a crucial step in maximizing production efficiency and meeting market demand. This operational capability demonstrates Nicola Mining's commitment to establishing itself as a significant contributor to the precious metals supply chain during a period of heightened market activity and economic volatility.
