Nicola Mining Inc. (TSX.V: NIM) (OTCQB: HUSIF) has commenced the processing of high-grade gold-silver ore from Talisker Resources Inc. at its Merritt Mill facility, a strategic move timed with the global surge in demand for gold and silver. This demand is largely fueled by investors and central banks in search of safe havens during periods of economic instability. The company plans to process 60,000 tonnes of ore each year, aiming for a production of 21,000 ounces of gold-equivalent at full capacity.
The value of precious metals has seen a significant increase, with central banks acquiring over 1,000 tonnes of gold in 2024, doubling the average of the past decade and pushing reserves to nearly 36,000 tonnes, the highest since the Bretton Woods era. Gold prices have reached unprecedented levels, exceeding US$3,500 per ounce in April 2025. Nicola Mining's initiative to increase production is a direct response to this booming market, underscoring the critical role of minerals in the global economy. For more information on Nicola Mining's developments and the implications of the rising demand for precious metals, visit https://ibn.fm/Vs8Tt and https://ibn.fm/Kk8mC.
