Ben Pirie, an analyst from Atrium Research, maintained the Buy rating on Nicola Mining (NIM – Research Report). The associated price target is C$0.60.
Ben Pirie has given his Buy rating due to a combination of factors related to Nicola Mining’s recent developments. The company has received a draft permit for a bulk sample at its Dominion Creek Mineral Project, which is a significant step forward. This project is notable for its high-grade gold and silver deposits, and Nicola Mining holds a 75% economic interest in it.
Additionally, the processing of the bulk sample at Nicola’s Merritt Milling Facility is expected to provide a new source of ore by the third quarter of 2025. The receipt of the draft permit from the BC Ministry of Mining and Critical Minerals is a positive indicator, as it allows for the extraction of 10,000 tonnes of ore, with the final permit anticipated soon. These developments contribute to the positive outlook and the maintenance of the Buy rating with a target price of $0.60 per share.
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