Nicola Mining (TSXV: NIM; US-OTC: HUSIF) president and CEO Peter Espig says its focus on cash flow and copper exploration will create value.
The New Craigmont copper project in southern British Columbia, once North America's highest-grade copper mine, is key to Nicola's strategy. It has infrastructure and a history of over 900 million lb. of copper production.
"Cash flow from our Merritt mill funds exploration," Espig explained in an interview during The Northern Miner's International Metals Symposium last month in London.
The mill is B.C.'s only facility allowed to process third-party feed. It also partners with projects like the nearby Dominion gold project, where Nicola has a 75% economic interest.
Espig will extend mill operations by eight years starting this quarter. The company will also drill at New Craigmont to find new resources in its porphyry and skarn zones. "We deliver cash flow stability while advancing high-grade exploration," he said.
Watch the full chat below with The Northern Miner's podcast host, Adrian Pocobelli.
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