Blue Lagoon Resources Inc.

Description

Blue Lagoon Resources Inc. is a Canadian gold and silver producer operating the 100%-owned Dome Mountain Project near Smithers, British Columbia, covering approximately 22,000 hectares. The company reopened the historic underground mine in July 2025 after more than 30 years of inactivity and declared commercial production on May 19, 2026, after sustaining rates above 90 tonnes per day for 30 consecutive days. By mid-2026, throughput had reached 125 tonnes per day against a permitted maximum of 150 tonnes (55,000 tonnes annually), generating over C$10 million in revenue within approximately 7.5 months of operations, with ore processed under a 10-year milling agreement with Nicola Mining.

The 2022 mineral resource estimate reported 45,000 oz gold measured at 10.32 g/t, 173,000 oz indicated at 8.15 g/t, and 16,000 oz inferred at 6.02 g/t, alongside significant by-product silver, representing a small but genuinely high-grade underground resource. The company targets approximately 15,000 ounces of gold recovery annually and is pursuing permits to mine deeper zones and expand into the adjacent Argillite Vein system, though no company-specific AISC figure has been disclosed.

Weakness

List of projects

1. Dome Mountain Project — 100% interest, Smithers area, British Columbia, Canada; metals: Gold, Silver.

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