- Blue Lagoon Resources (CSE:BLLG) is ramping up production at its Dome Mountain mine near Smithers, British Columbia, one of Canada’s newest gold and silver mines
- The micro-cap company has sold US$4.1 million in gold and silver since production began in September
- Blue Lagoon stock has added 68.89 per cent year-over-year and 18.75 per cent since 2021
Blue Lagoon Resources (CSE:BLLG) is ramping up production at its Dome Mountain mine near Smithers, British Columbia, one of Canada’s newest gold and silver mines, which is estimated to host 234,000 ounces of gold and nearly 1.2 million ounces of silver, according a 2022 resource estimate, supported by sampling and drilling grading up to 1,215 g/t gold and 1,809 g/t silver.
Production at Dome Mountain kicked off in September and has now reached 100 tons per day, a near-term target delineated in a January operational update, with a second mining contractor, doubling operations from two to four shifts, expected to usher the mine towards 150 tons per day over the coming weeks.
To date, Blue Lagoon has sold US$4.1 million in Dome Mountain gold and silver concentrates to Ocean Partners UK, capitalizing on generationally high prices as the currently tense geopolitical environment nudges investors to seek safety in precious metals.
The company’s milling partner, Nicola Mining, has processed additional tonnage awaiting delivery and final settlement, with sales announcements to follow, boasting a 2,000-ton stockpile of mineralized material to keep ounces flowing into the market.
Blue Lagoon’s recently completed assay laboratory is expected to optimize mine planning moving forward, bringing a previously external task in house, saving both time and money, as the company works towards a drilling program at Dome Mountain scheduled for Q3 2026 to explore the property’s 18-kilometre strike length.
About Blue Lagoon Resources
Blue Lagoon Resources is a Canadian mining company producing gold and silver from its Dome Mountain mine near Smithers, British Columbia.
Blue Lagoon stock (CSE:BLLG) opened with a loss of 1.3 per cent trading at C$0.76. The stock has added 68.89 per cent year-over-year and 18.75 per cent since 2021.
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