Nicola Mining Inc. has taken a pivotal step by initiating the processing of high-grade gold-silver ore from Talisker Resources Inc. at its Merritt Mill facility. This development comes at a time when the global demand for gold and silver is soaring, driven by investors and central banks seeking safe havens amidst economic instability. The company aims to process 60,000 tonnes of ore annually, with the goal of producing 21,000 ounces of gold-equivalent at full capacity.
The surge in precious metals' value is underscored by central banks purchasing over 1,000 tonnes of gold in 2024, doubling the decade's average and elevating reserves to nearly 36,000 tonnes, the highest since the Bretton Woods era. Gold prices have shattered records, surpassing US$3,500 per ounce in April 2025. Nicola Mining's strategic move to ramp up production positions it to capitalize on this booming market, highlighting the growing importance of critical minerals in the global economy. For further details on Nicola Mining's progress and the broader implications of the rising demand for precious metals, visit https://ibn.fm/Vs8Tt and https://ibn.fm/Kk8mC.
