Curated News
By: NewsRamp Editorial Staff
September 09, 2026
Nicola Mining's Treasure Mountain Silver Mine Shows Promise for 2027 Reopening
TLDR
- Nicola Mining's Treasure Mountain mine is in better shape than expected, potentially accelerating its 2027 reopening and giving it an edge in silver production.
- Independent assessment by McElhanney confirms accessible portals, open development, and functioning ventilation, supporting Nicola's plan for a detailed geotechnical and rehabilitation study.
- By reusing existing infrastructure and a permitted mill, Nicola Mining aims to restart silver mining efficiently, potentially bringing jobs and economic benefits to British Columbia.
- After 13 years idle, Nicola's Treasure Mountain mine still has natural ventilation and unexplored areas, offering hidden opportunities for future discoveries.
Impact - Why it Matters
This news matters because it suggests that Nicola Mining's Treasure Mountain Silver Mine could be reopened sooner and at a lower cost than previously anticipated, potentially boosting silver production and the local economy. For investors, it indicates a positive development in the company's growth strategy, leveraging existing infrastructure to expedite a return to operations. The positive assessment also de-risks the project and could attract further investment in the mining sector.
Summary
Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA) has released promising results from an independent underground inspection of its Treasure Mountain Silver Mine in British Columbia, signaling a potential step toward reopening the mine in 2027. The assessment, conducted by McElhanney Ltd., an independent Canadian engineering firm, revealed that the mine is in better condition than expected after roughly 13 years of inactivity. Both principal portals are accessible, significant underground development remains open, natural ventilation is functioning, and much of the historical infrastructure is intact. No conditions were observed that would prevent the project from advancing to the next evaluation stage.
The inspection also identified accessible underground drill stations, partially developed headings, unexplored areas, and potential unprocessed material that could offer exploration opportunities. Nicola plans to proceed with a detailed geotechnical and rehabilitation assessment, followed by surveying and mapping, to support future mine planning, ventilation design, and the recommencement of mineral extraction. CEO Peter Espig highlighted that the existing underground development, combined with Nicola’s permitted Merritt milling infrastructure, could provide a disciplined and capital-efficient path to renewed silver production.
Nicola Mining is a junior mining company with a 100% owned mill and tailings facility near Merritt, British Columbia, and has signed profit share agreements with high-grade gold projects. The company also owns the New Craigmont Project, a high-grade copper property adjacent to Highland Valley Copper, and the Treasure Mountain Property, which includes over 2,200 hectares. This news was disseminated by Rocks & Stocks, a platform under the Dynamic Brand Portfolio @ IBN, which provides communications solutions for mining companies.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Nicola Mining's Treasure Mountain Silver Mine Shows Promise for 2027 Reopening
