Blue Lagoon revenue exceeds $10 million as Dome Mountain production rises
Blue Lagoon Resources Inc. has generated over $10 million in revenue from its Dome Mountain mine, with production rising to 125 tonnes per day. The company has reinvested cash flow into mine development and infrastructure. An option agreement has been signed for the Big Onion project.
*this image is generated using AI for illustrative purposes only.
Blue Lagoon Resources Inc. has received more than $10 million in revenue from gold and silver sales at its 100% owned Dome Mountain Gold and Silver Mine, located near Smithers, British Columbia. The company has achieved this milestone in just over seven months of operations, with underground mining production levels rising to a consistent 125 tonnes per day. Revenue received to date from Ocean Partners reflects provisional payments on concentrate sales, subject to final settlement upon smelting and assaying.
Blue Lagoon recorded its first sale of gold and silver in December 2025 and declared commercial production on May 19, 2026. When commercial production was declared, underground mining rates had exceeded an average of 90 tonnes per day for more than 30 consecutive days. Production levels have since increased by approximately 40%, reaching 125 tonnes per day as the operation advances toward the mine's permitted production limit of 150 tonnes per day.
A substantial portion of the cash flow generated at Dome Mountain has been reinvested into the mine to advance development headings and open up additional working faces. This reinvestment includes water treatment, environmental systems, and site infrastructure. The company states that the combination of expanded working faces, two crews operating concurrently, and production approaching the 150 tonne per day target has resulted in consistent steady-state mining.
Operational Metrics
| Metric | Value |
|---|---|
| Total Revenue to Date | > $10 million |
| Current Production Rate | 125 tonnes per day |
| Permitted Production Limit | 150 tonnes per day |
| Commercial Production Date | May 19, 2026 |
| First Sale Date | December 2025 |
Site Expansion and Drilling
Preparations for an upcoming drill program are advancing, with quotes received from contractors for the planned expansion of the Dome Mountain site. The expansion work is designed to accommodate drilling crews expected to arrive in the fall, in addition to the expanded workforce already operating at the site.
Big Onion Project Option
Blue Lagoon Resources Inc. has entered into an option to purchase agreement dated April 7, 2026, and amended June 30, 2026, granting an option on the Big Onion project to a private British Columbia company. The option may be exercised in exchange for $500,000 in cash over two years and the issuance of 2,000,000 shares over three years, subject to the holder completing a going public transaction. Additionally, the holder must incur at least $2 million of exploration expenditures on the property within four years. Blue Lagoon will retain a 1.125% net smelter returns royalty on the Big Onion property, which may be reduced at the rate of $250,000 per 0.25%.
What is the expected timeline for reaching the full permitted production limit of 150 tonnes per day?
How will the upcoming fall drill program impact resource estimates and future mine life at Dome Mountain?
What are the company's plans for utilizing cash flow once the 150 tonne per day steady-state production is achieved?
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