Connect with us

Hi, what are you looking for?

Tuesday, May 26, 2026
Mugglehead Investment Magazine
Alternative investment news based in Vancouver, B.C.
Blue Lagoon's BC precious metals mine enters commercial production phase
Blue Lagoon's BC precious metals mine enters commercial production phase
At the grand opening ceremony last year. Photo credit: Blue Lagoon Resources

Mining

Blue Lagoon’s BC precious metals mine enters commercial production

The junior is now one of a select few in the province with a producing gold-silver asset

Blue Lagoon Resources Inc (CNSX: BLLG) (OTCMKTS: BLAGF) has achieved commercial production at its Dome Mountain gold-silver project in British Columbia, marking a significant milestone for the province’s junior mining sector.

Declared on May 19, the company now generates cash flow from underground operations at the site’s high-grade Boulder Vein system.

Blue Lagoon has transitioned from explorer to producer after maintaining consistent mining rates exceeding 100 tonnes per day for over 30 consecutive days. This exceeds the industry threshold for commercial production and aligns with its permit allowing up to 55,000 tonnes annually.

The news follows significant operational progress. In April, the company doubled its underground production crew by engaging a second mining contractor, shifting from two to four shifts while deploying more equipment. Multiple working faces have opened across the mine, enabling parallel development and extraction at an accelerated rate. This ramp-up builds on earlier milestones, including the successful commissioning of a state-of-the-art water treatment facility

It also comes after Blue Lagoon earned recognition for responsible practices. The junior attained the Prospectors & Developers Association of Canada’s 2026 Sustainability Award for its partnership with the Lake Babine Nation — a local First Nations group. Four of the initial site workers came from the Nation and the company offers scholarships for Indigenous youth in underground mining roles.

The strength of this collaboration was highlighted during the July 2025 mine opening ceremony, which drew Indigenous leaders from Lake Babine and government officials along with dozens of other attendees. The event featured traditional drum ceremonies and site tours.

Strong gold and silver prices currently bolster Blue Lagoon’s outlook with gold trading around US$4,500 per ounce and silver near US$77.50 in recent weeks. To date, Blue Lagoon has recorded multiple sales generating millions in revenue, with stockpiles supporting ongoing operations.

Blue Lagoon now joins industry leaders Newmont Corporation (TSE: NGT) (NYSE: NEM(FRA: NMM) and Artemis Gold Inc (CVE: ARTG) (OTCMKTS: ARGTF) (FRA: 0WG) as one of the few companies with a currently producing gold and silver asset in BC.

“To reach this point in British Columbia — one of the most challenging permitting jurisdictions in the world — is a major accomplishment for our team,” said CEO Rana Vig in a press release.

Read more: NevGold launches 20,000-metre drill campaign at Nevada antimony-gold project

 

Follow Mugglehead on X

Like Mugglehead on Facebook

Follow Rowan Dunne on X

Follow Rowan Dunne on LinkedIn

rowan@mugglehead.com

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Mining

They have introduced the 'SILVER Act' to expand national access to depositories

Gold

Sprott converted the agreement at a share price above his original investment level from the Galena transaction

Technology

The Asian delivery leader unveiled its AI robot 'Carri' in April

Cannabis

The DOJ says that the MSO received an 'erroneous' refund and wants interest too