A long-term agreement has been reached between Nicola Mining and Gavin Mines.
The Mining and Milling Profit Share Agreement will focus on material mined from the Gavin Mine’s Silver and gold Dome Mountain Mine 38 kilometres east of Smithers.
The agreement will see up to 40 thousand tonnes of mill per year shipped to a facility near Merritt.
Nicola is in the process of restarting mill feed processing operations at its mill and tailings facility in Merritt.
In May 2016, the Company announced that it had entered into a Milling and Profit Share Agreement with Gavin Mines. The Company subsequently announced that it had started milling operations on June 16, 2016. Under the original Milling and Profit Share Agreement, Gavin Mines shipped approximately 5,700 tonnes of stockpile material that the Company processed.
In April 2016, the Company announced that it had received an amendment to its mine permit, M-68, allowing it to process third party material.