Nicola Mining management attributes nine-month 2026 milling revenue growth to increased Blue Lagoon ore processing
Nicola Mining reported a CAD 6.02 million net loss for the nine months ended September 30, 2026, while milling revenue rose to CAD 4.11 million from CAD 632,000, primarily due to increased processing of Blue Lagoon ore.
1. Nine-month results
Nicola Mining reported a CAD 6.02 million net loss for the nine months ended September 30, 2026. Milling revenue rose to CAD 4.11 million from CAD 632,000, primarily driven by increased processing of Blue Lagoon ore, while gross margin improved to CAD 1.22 million.
2. Costs and cash flow
The third-quarter net loss of CAD 2.01 million primarily reflected Dominion Creek restart costs and share-based compensation. Operating cash outflow increased to CAD 6.22 million, primarily reflecting Dominion Creek operations and the timing of payable settlements. Management attributed gross-margin fluctuations primarily to timing differences between milling costs and related revenue.
