Curated News
By: NewsRamp Editorial Staff
November 02, 2026
Optimo Research Sets C$2.93 Target for Nicola Mining
TLDR
- Optimo Research set a C$2.93 per-share target for Nicola Mining based on a C$766 million sum-of-the-parts valuation.
- Optimo values Nicola Mining through its Merritt Mill expansion, gold and silver production, and New Craigmont copper exploration assets.
- Nicola Mining's mill expansion and profit-sharing agreements support local resource development and economic growth in British Columbia.
- Nicola Mining holds a 75% economic interest in Dominion Creek's initial 10,000-tonne bulk sample before gaining full ownership.
Impact - Why it Matters
The Optimo Research report provides investors with a detailed sum-of-the-parts valuation of Nicola Mining, highlighting the strategic value of its Merritt Mill as a centralized processing hub for third-party gold and silver ore in British Columbia. The projected revenue growth from C$17 million in 2026 to C$109 million in 2027, along with the potential restart of silver production at Treasure Mountain and exploration upside at New Craigmont, underscores the company’s efforts to build a diversified precious metals and copper business. For readers, this analysis offers insight into how Nicola’s consolidation strategy and infrastructure assets could generate cash flow and unlock value, while also reminding them of the risks inherent in mining investments and the paid nature of the research.
Summary
Nicola Mining Inc. (NASDAQ: NICM) (TSXV: NIM) (FSE: HLIA), a British Columbia-based mining and exploration company, is the focus of a Sept. 21, 2026, research report by Optimo Research Ltd. that set a C$2.93 per-share price target based on a sum-of-the-parts valuation of approximately C$766 million. Authored by Dr. Michael Green, the report examines Nicola’s strategy of consolidating high-grade gold and silver projects through its wholly owned Merritt Mill, alongside exploration opportunities at its New Craigmont Copper Project. Optimo projects revenue of C$17 million in 2026 and C$109 million in 2027, with net profit forecasts of C$1.4 million and C$58 million, respectively.
Key highlights from the Optimo Research report include a C$250 million valuation for the Merritt Mill, which is being expanded from 200 to 500 tonnes per day and processes third-party gold and silver ore from across British Columbia. The report cites Dominion Creek, where mining began in 2026, and Treasure Mountain, where silver production is expected to resume in 2027 with an initial target of approximately 400,000 ounces. Optimo also identifies potential revenue from milling and profit-sharing arrangements with Blue Lagoon Resources and Red Eye Resources. At New Craigmont, the report assigns a C$125 million valuation, highlighting exploration results at the Jotun target and the potential for a larger porphyry copper system. The overall valuation assigns approximately C$357 million to precious metals mining and milling operations, C$250 million to the Merritt Mill and C$125 million to New Craigmont.
The report constitutes paid, non-independent research, as Nicola Mining is a client of Optimo Research and paid for its production. Optimo states that its price target represents an estimated valuation rather than a recommendation to buy or sell shares, and its financial projections are subject to geological, operational, commodity price and execution risks. Nicola Mining owns a fully permitted mill and tailings facility near Merritt, British Columbia, and seeks to leverage this infrastructure through mining and milling profit-sharing agreements while advancing its broader mineral asset portfolio, including the New Craigmont Project and the Treasure Mountain Property.
Source Statement
This curated news summary relied on content distributed by InvestorBrandNetwork (IBN). Read the original source here, Optimo Research Sets C$2.93 Target for Nicola Mining
