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FAQ: Blue Lagoon's First Gold and Silver Sale from Dome Mountain Production
TL;DR
Blue Lagoon Resources gains a competitive edge by generating its first revenue from gold and silver sales, transitioning to a revenue-generating mining company ahead of many junior peers.
Blue Lagoon Resources sold gold and silver from Dome Mountain material to Ocean Partners, receiving an advance payment with final settlement pending processing and assay adjustments.
Blue Lagoon's transition to revenue generation supports sustainable mining practices and community engagement in British Columbia, creating lasting value for stakeholders.
Blue Lagoon Resources made its first-ever gold and silver sale, marking a historic shift from development to production with its Dome Mountain project.
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Blue Lagoon Resources Inc. has made its first sale of gold and silver from Dome Mountain mineralized material to Ocean Partners UK Limited, receiving approximately C$970,000 for the initial shipment.
This sale marks Blue Lagoon's transition from a pre-revenue to a revenue-generating mining company, representing a significant inflection point as it joins junior mining companies that have advanced from development into production and sales.
The mineralized material was delivered to Blue Lagoon's milling partner, Nicola Mining Inc., for processing, though final processing hasn't occurred yet due to scheduled mill maintenance.
Blue Lagoon Resources Inc. (the seller), Ocean Partners UK Limited (the buyer), Nicola Mining Inc. (the milling partner), and Rana Vig (President & CEO of Blue Lagoon) are the key parties involved.
The sale was announced on December 30, 2025, and underground development, production, and shipments are expected to resume in the first week of January following a Christmas holiday break.
The Dome Mountain Gold Project is located in British Columbia, Canada, which is described as one of the world's most attractive mining jurisdictions.
Final settlement will occur after processing by Nicola Mining and is subject to customary adjustments based on final assays and prevailing metal prices at the time of settlement.
Blue Lagoon granted 3,000,000 restricted share units (RSUs) and 200,000 stock options to certain directors, officers, management, and consultants, subject to approval by the Canadian Securities Exchange.
Beginning in H1 2026, the company plans to reinvest internally generated cash flow into near-mine and regional exploration to further expand its resource base.
Readers can contact Rana Vig, President and Chief Executive Officer, at telephone: 604-218-4766 or email: rana@bllg.ca for further information.
Curated from NewMediaWire
