Dome Mountain Gold Mine · British Columbia
Producing gold today.
Building value for tomorrow.
Blue Lagoon mines high-grade gold and silver at its 100% owned Dome Mountain Gold Mine, in commercial production since May 2026. Revenue from the mine and strategic capital now fund a 10,000 metre drill program on a property where only 6 of 15 known gold veins have been tested.
Near Smithers, B.C. · Underground gold & silver mine
Commercial production
Achieved May 2026
Dome Mountain Gold Mine
100% owned
Responsible mining
2026 PDAC Sustainability Award
The opportunity
Two engines on one property.
A working mine generates cash. A large, under-drilled land package around it offers room to grow. Blue Lagoon is building both at once.
01 · Production
A working mine-to-market chain
Dome Mountain is mining, trucking, milling and selling gold-silver concentrate today, backed by a 10-year milling agreement and an established offtake partner.
Cash flow + strategic capital
02 · Discovery
Exploration across the district
Phase One is drilling below the Boulder Vein resource and testing five priority targets elsewhere on the approximately 22,000-hectare property.
Operating results
Ramping up, milestone by milestone.
As reported October 15, 2026, unless noted.
125 tpd
Underground mining rate
Reported July 17, 2026, up from 100 tpd in April
8–10 g/t
Recent mill-feed gold grade
Up from approximately 7 g/t in the initial milling campaign
~92%
Gold recovery
Current average at Nicola Mining’s mill
21,400 t
Mineralized material hauled
Mid-November 2025 to September 30, 2026; approximately 17,400 t processed
1,217 DMT
Concentrate shipped
About 4 oz of silver for every ounce of gold
C$16.5M
Provisional payments received
Approximately 85% of provisional value; balance due on final settlement
Mining rate vs. permitted capacity
Tonnes per day. The permit allows up to 55,000 t a year (approximately 150 tpd).
Apr 2026
100
Jul 2026
125
Permit
~150
The Company plans to apply for a permit amendment to increase annual tonnage.
First finalized settlement
992 oz
gold
4,181 oz
silver
From the first three concentrate lots (342 DMT), produced in an initial approximately 7 g/t campaign that included lower-grade development material. A further approximately 875 DMT of concentrate is awaiting final assays and settlement.
Provisional payments are unaudited, gross of operating and other costs, adjustable on final settlement and not an indication of profitability.
CEO Rana Vig at the mill site
Our flagship operation
A producing mine. A Canadian foundation.
Dome Mountain is an underground gold and silver mine near Smithers, British Columbia, with year-round road access. Commercial production was achieved in May 2026.
100%
Owned by Blue Lagoon
B.C.
Canadian operating jurisdiction
10 years
Term of extended Nicola milling agreement
May 2026
Commercial production milestone
How the business works
From underground mine to metal sales.
Using an existing, permitted mill meant no processing plant to build, permit or finance, so Dome Mountain went from mining permit to commercial production in about 15 months.
01 · Mine
Dome Mountain, near Smithers
Personnel underground at Blue Lagoon’s Dome Mountain Gold Mine.
A producing underground gold and silver mine with year-round road access. Two mining contractors support underground operations, while an on-site fire-assay laboratory provides timely grade control to support mining decisions.
02 · Mill
Nicola Mining, near Merritt
Dome Mountain ore being unloaded at Nicola Mining’s mill
Ore is transported to Nicola Mining’s permitted 150-tonne-per-day processing facility under a 10-year milling agreement. This arrangement provides access to established processing infrastructure without the capital cost of constructing a new mill.
03 · Sell
Ocean Partners, offtake
Bagged gold- and silver-bearing concentrate prepared for shipment.
Gold- and silver-bearing concentrate produced from Dome Mountain ore is sold to Ocean Partners under an offtake agreement. Final payable metal and sales proceeds are determined through assays, metals pricing and settlement terms.
Partner validation
Our milling and offtake partners are also shareholders
C$13M
Committed by Nicola Mining and Ocean Partners since May 2026.
All in common shares.
No warrants.
Supporting underground development and exploration.
| Announced | Investor | Amount | Price per share |
|---|---|---|---|
| May 2026 | Ocean Partners | C$3.0M | C$0.90At market price No warrants |
| Aug 2026 | Ocean Partners | C$5.0M | C$0.60At a premium No warrants |
| Aug 2026 | Nicola Mining | C$5.0M | C$0.60At a premium No warrants |
The August share price represented a premium of more than 10% to the 20-day VWAP. No finder’s fees on the August investment.
Exploration upside
Only one vein system has been explored in depth.
The property hosts 15 known gold-bearing veins; Blue Lagoon has tested 6. Phase One, a 10,000-metre program that began on September 29, 2026, is the first stage of a multi-year plan.
~22,000 ha
property
6 of 15
known veins tested
Schematic, not to scale; the McKendrick distance is compressed.
Drilling below the 2022 resource at a density intended to support an updated resource estimate, targeted for early to mid 2027. Infill drilling continues until spring breakup in April 2027.
A shallow-dipping quartz-sulphide vein, 0.5 to 5 m thick, defined over about 400 m by 400 m. Phase One extends it along strike ahead of Phase Two infill drilling.
A flat-lying zone of about 300 m by 275 m, averaging approximately 1.1 m at a weighted 10.53 g/t Au and 42.4 g/t Ag from historical and Blue Lagoon drilling. Its geological setting is similar to the Argillite Vein being mined today. Short infill holes aim to support a resource estimate.
Soil cadmium tracked the Boulder Vein more strongly than zinc, the element that led Noranda to the Boulder discovery in 1985. Two holes are planned to test it.
The Ptarmigan, Gem, Eagle, Hawk and Raven veins, with 1.4 km of exposed strike between Ptarmigan and Gem. Only the Hawk vein has been drilled.
About 600 m of known strike. Historical drilling in 1991 intersected 11.64 g/t Au over 2.50 m (hole M91-3, Hapsburg Resources).
The starting point: 2022 mineral resource, Boulder Vein system
| Category | Gold (oz) | Au grade (g/t) | Silver (oz) | Ag grade (g/t) |
|---|---|---|---|---|
| Measured | 45,000 | 10.32 | 250,000 | 57.31 |
| Indicated | 173,000 | 8.15 | 876,000 | 41.19 |
| Inferred | 16,000 | 6.02 | 71,000 | 26.13 |
NI 43-101 technical report by Arseneau Consulting Services, dated January 31, 2022; 3.5 g/t Au cut-off, Boulder Vein system only. The estimate predates mining depletion. Mineral resources are not mineral reserves and do not have demonstrated economic viability. An updated estimate is targeted for early to mid 2027.
Source: Blue Lagoon news release dated September 8, 2026. Technical information approved by Ted VanderWart, P.Geo., Qualified Person under NI 43-101. Historical results have not been verified by the Company and may not be indicative of future results.
Catalysts
What to watch next.
Near term
Additional Gold & Silver Sales Finalized
Final assays and settlement results pending for approximately 875 DMT of additional concentrate shipped through September 30.
Results pending
First Phase One Exploration Results
Initial assays from the 10,000-metre drill program testing multiple gold targets beyond the producing Boulder Vein.
Ongoing
Production Growth Toward 150 TPD
Continued underground development and progress toward consistent higher daily production and mill throughput.
Q4 2026
Operating Economics Come Into Focus
September-quarter financial results provide further insight into revenue, operating costs and financial performance.
2026–2027
Boulder Vein Expansion Drilling
Down-dip drilling targets extensions of known gold mineralization beneath the existing resource.
Early–mid 2027 · Target
Updated Gold Resource Estimate
Targeted resource update incorporating relevant drilling results, with potential to expand the established Boulder Vein resource.
Looking ahead: A follow-up Phase Two exploration program is planned for 2027, with targets and scope to be guided by Phase One drilling results.
Company updates
Follow our progress.
Blue Lagoon Records Its First Finalized Gold and Silver Production From Dome Mountain
Investor resources
Understand the opportunity.
Explore the producing mine, the business model and the exploration potential behind Blue Lagoon’s next stage of growth.
What is the opportunity at Blue Lagoon?
Blue Lagoon combines a producing gold and silver mine with a substantial exploration opportunity. Our 100% owned Dome Mountain mine provides an operating foundation, while the surrounding property offers opportunities to expand the existing mineral resource and test additional gold-bearing veins. Our strategy is to strengthen production while systematically exploring for growth.
Is Blue Lagoon producing gold and silver?
Yes. Dome Mountain achieved commercial production in May 2026. Underground mining and development are underway, mineralized material is transported to Nicola Mining for processing, and gold and silver concentrate is sold through Ocean Partners. Blue Lagoon is operating through the full cycle from mining to concentrate sales and, at the end of September 2026, had received approximately C$16.5 million in provisional payments. Read the October 15 production update.
What production results has Blue Lagoon reported?
Our October 15, 2026 update confirmed approximately 992 ounces of gold and 4,181 ounces of silver in the first three finalized concentrate lots. Approximately 875 additional dry tonnes of concentrate had been shipped through September 30 and were awaiting final assays and settlement. The metal contained in those additional shipments was excluded from the confirmed ounces.
What do the reported concentrate payments represent?
As reported on October 15, 2026, Blue Lagoon had received approximately C$16.5 million across applicable concentrate shipments. These receipts cover more than the first three finalized lots. They are provisional, remain adjustable at final settlement and are unaudited amounts before operating and other costs. They should not be interpreted as profit.
How does material from Dome Mountain become a saleable product?
Mineralized material is mined underground at Dome Mountain and trucked to Nicola Mining’s facility near Merritt, British Columbia. Nicola processes the material into a concentrate containing gold and silver, which is sold through Ocean Partners. Final shipment weights, assays, payable metal terms and pricing determine settlement amounts.
Why does Blue Lagoon use Nicola Mining’s mill?
Our partnership gives Dome Mountain access to an existing, permitted processing facility rather than requiring Blue Lagoon to build its own mill. This saves the Company millions in construction costs, removes the environmental liability, and provides immediate market and revenue access rather than waiting years for on-site mill permitting. The agreement was extended to a 10-year term in September 2025, providing a long-term processing route while allowing our team to focus on mining, underground development and exploration.
Is Dome Mountain permitted to operate?
Yes. Dome Mountain received its full mining permit in February 2025 and subsequently entered production. The current mining permit allows up to 55,000 tonnes annually. The Company plans to apply for an amendment to increase the annual tonnage in due time.
How large is the exploration opportunity?
The Dome Mountain property is one of the largest land packages in British Columbia and covers approximately 22,000 hectares and hosts 15 known gold-bearing veins. The Boulder vein system has received the most extensive exploration, while much of the wider property remains underexplored. This creates opportunities both to investigate extensions of known mineralization near the mine and to test targets elsewhere on the property.
Is exploration already underway?
Yes. Blue Lagoon announced the start of its 10,000-metre Phase One drill program in September 2026. The program targets potential resource expansion and priority exploration targets across the broader property. It is the first phase of a multi-year strategy to evaluate the mineral potential surrounding the producing mine.
How does production support the growth strategy?
Our objective is to use internally generated cash flow to support further mine development and exploration. This connects the operating mine with the search for additional resources and discoveries. The pace of investment will depend on operating performance, working capital needs, metal prices and available funding.
What role do the Lake Babine Nation and environmental stewardship play?
Respectful collaboration with the Lake Babine Nation and responsible environmental management are central to how we operate. Dome Mountain’s water treatment infrastructure is an important part of that commitment. Blue Lagoon received PDAC’s 2026 Sustainability Award in recognition of its environmental stewardship and Indigenous partnership efforts. Learn more about the award.
What milestones should investors watch?
Key developments include mining and processing performance, additional finalized concentrate settlements, underground development, financial results and exploration results. Together, these updates help investors assess both the operating business and progress toward potential resource growth.
Follow our news releases for published updates. Sign up to stay informed.
Where can I review financial results and technical information?
Our Financial Reports page contains financial statements and management’s discussion and analysis, including operating commentary, costs, liquidity and risks. Our Technical Reports page provides the underlying geological and mineral resource information. Read these documents alongside subsequent news releases.
Where does Blue Lagoon trade, and where can I find share information?
Blue Lagoon trades on the Canadian Securities Exchange as BLLG, the OTCQB as BLAGF and Frankfurt as 7BL. Visit Stock Information and Capital Structure for published trading and share information, noting the effective date of each disclosure.
What risks should investors consider?
Mining results depend on grades, recovery, costs, underground conditions, transportation, third-party processing and metal prices. Exploration may not result in discoveries or additional resources, and further financing may be required. Dome Mountain’s production decision was made without a feasibility study demonstrating the economic and technical viability of mineral reserves. This increases uncertainty and the risk of economic or technical failure. Review the MD&A and financial statements for fuller risk information.
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