Blue Lagoon said the permitting milestone “marks a transformative moment” for the company as it transitions from an exploration-focused company to a near-term producer. Once in production, which could occur as early as July, the Dome Mountain mine is expected to output 15,000 oz. of gold per year.
“It is incredibly rare for a junior mining company to evolve from pure exploration into production, and today, we proudly stand on the brink of that transformation,” Blue Lagoon CEO Rana Vig commented in Thursday’s press release.
Blue Lagoon’s chief geologist Bill Cronk also highlighted that this is one of only a handful of mining permits granted in BC over the last decade. “This speaks to the exceptional quality of the high-grade Dome Mountain gold project,” he added.
To support the proposed mine operation, Blue Lagoon entered in 2021 a toll milling agreement with Nicola Mining and will ship the…
