Nicola Mining Reopens Portals 1 and 2 at Treasure Mountain Silver Mine with Intention to Recommence Operations in 2027
An independent inspection by engineering firm McElhanney found the Treasure Mountain Silver Mine in generally better condition than anticipated after roughly 13 years of inactivity, with both principal portals accessible and Nicola Mining targeting a recommencement of operations in 2027. The July 27, 2026 inspection found no flooded workings or major collapse zones, functioning natural ventilation, and substantial historical underground development still in place, though localized rehabilitation and support replacement are needed near the Portal 2 entrance.
Key figures
- Ownership pct
- 100%
- Craigmont area
- 10,800+ hectares
- Years inactive
- 13
- Inspection date
- July 27, 2026
- Target restart year
- 2027
- Treasure mountain area
- 2,200+ hectares, 30 mineral claims and a mineral lease
AI analysis
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