Blue Lagoon Resources
Blue Lagoon Resources is a Vancouver-based Canadian junior gold producer operating the 100%-owned Dome Mountain Gold Mine in British Columbia. The company processes high-grade gold and silver ore through a toll milling arrangement with Nicola Mining and sells concentrate to Ocean Partners UK.
- Company typePublic
- Founded2019
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Blue Lagoon Resources does
Blue Lagoon Resources Inc. is a Canadian junior gold and silver producer headquartered in Vancouver, BC and listed on the CSE (BLLG), OTCQB (BLAGF), and Frankfurt (7BL) exchanges with a market capitalization of approximately $103-108 million. The company operates the 100%-owned Dome Mountain Gold Mine, an underground high-grade operation located approximately 50 minutes from Smithers in north-central British Columbia, which received final mine permits in February 2025 and achieved commercial production in May 2026. The Boulder Vein system contains measured and indicated resources of approximately 234,000 ounces of gold at an average grade of roughly 9 g/t Au, supporting a stated target of 15,000-20,000 ounces of gold annually at a planned throughput of 150 tonnes per day. The mine sits on a 21,541-hectare property of which approximately 90% remains underexplored, with 15 known gold veins beyond the Boulder Vein, and the company also holds two earlier-stage exploration assets: the Pellair gold-silver-telluride project (7,119 ha) and the Big Onion copper-molybdenum porphyry project (4,810 ha, historical NI 43-101 indicated resource of 81.1 million tonnes at 0.303% Cu and 0.004% Mo).
The company produces concentrate through a toll milling arrangement with Nicola Mining Inc. at the 200-tonne-per-day Merritt Mill in British Columbia, which Nicola extended to a 10-year term in September 2025 and shifted to processing Blue Lagoon material exclusively in January 2026, with a flotation-only circuit optimized for sulphide-hosted mineralization. A MBBR water treatment plant commissioned in September 2025 supports environmental compliance, and the company holds a Mine Restart Agreement with the Lake Babine First Nation that contributed to its selection for the PDAC 2026 Sustainability Award. The core technical differentiator is the high-grade underground Boulder Vein system combined with the toll milling model, which materially lowers pre-production capex relative to building a company-owned mill.
Blue Lagoon generates revenue by selling gold and silver concentrate under an offtake agreement with Ocean Partners UK Limited, reaching over $4.5 million in cumulative sales by June 2026 after its first $1 million of sales in December 2025. Its go-to-market is sales-led, targeting institutional investors through participation in major mining conferences including the 121 Mining Investment series, the Precious Metals Summit in Beaver Creek, and the Swiss Mining Institute, alongside regular news releases. Key strategic and financial backers include Crescat Capital (lead investor across multiple private placements since 2021), Phoenix Gold Fund, Nicola Mining, and Ocean Partners Holdings (C$3 million strategic equity, May 2026). The company has 101-250 employees, no parent company, and is led by CEO Rana Vig alongside CFO Regina Lara Yunes, Chief Geologist Bill Cronk, and directors Norman Brewster and Gurdeep Bains.
Blue Lagoon Resources firmographics
Firmographics- Name
- Blue Lagoon Resources
- Legal name
- Blue Lagoon Resources Inc.
- Website
- https://bluelagoonresources.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Blue Lagoon Resources is a Vancouver-based Canadian junior gold producer operating the 100%-owned Dome Mountain Gold Mine in British Columbia. The company processes high-grade gold and silver ore through a toll milling arrangement with Nicola Mining and sells concentrate to Ocean Partners UK.
- Ownership category
- akta.pro rank
Blue Lagoon Resources industry classification
Industry- Product category
- Gold and Silver Mining
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
- akta.pro secondary industries
- Silver Mining (IMAKAEAB), Precious Metals Exploration & Project Development (IMAKAEAI)
Keywords
Where Blue Lagoon Resources is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Blue Lagoon Resources business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Gold and Silver Production Sales: Blue Lagoon generates revenue through underground mining of gold and silver ore at the Dome Mountain mine. Material is processed through Nicola Mining's toll milling facility at Merritt, BC, producing concentrate that is sold to Ocean Partners UK Limited under an offtake agreement. The company declared commercial production in mid-May 2026 and has achieved over $4.5 million in gold and silver sales to date.
- Toll Milling Arrangement: The company operates under a toll milling agreement with Nicola Mining Inc., which provides $2 million line of credit and exclusive processing capacity for Blue Lagoon's Dome Mountain material. Blue Lagoon transports mineralized material to Nicola's Merritt Mill for processing into gold-silver concentrate.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
Blue Lagoon Resources product offering
Product offeringCore offering
Blue Lagoon Resources extracts and produces high-grade gold and silver concentrate from its 100%-owned Dome Mountain underground mine in British Columbia. Mineralized material is transported to Nicola Mining's Merritt Mill for toll processing, and the resulting gold-silver concentrate is sold under an offtake agreement to Ocean Partners UK Limited. The company achieved commercial production in mid-May 2026 and targets 15,000–20,000 oz gold annually at full throughput of 150 tonnes per day.
Product overview
Blue Lagoon Resources is a Canadian gold producer operating a single core product: the 100%-owned Dome Mountain Gold Mine in British Columbia. The company extracts high-grade gold-silver ore from an underground operation and processes it through a toll-milling partnership with Nicola Mining at their Merritt facility. The company also holds two exploration-stage projects—Pellair Gold Project (gold-silver-telluride veins) and Big Onion (copper-molybdenum porphyry)—which represent future development potential but are not currently producing.
Differentiator
Problem solved
Functional benefit
Products and services
- Dome Mountain Gold Mine A 100%-owned, all-year road-accessible underground gold mine located 50 minutes from Smithers, BC. The operation produces high-grade gold and silver through underground mining with toll milling at Nicola Mining's Merritt facility, achieving commercial production in mid-2026 targeting 15,000-20,000 oz gold annually at full throughput.
- Pellair Gold Project An advanced-stage gold-silver-telluride vein exploration project located 160 km southwest of Williams Lake in the Chilcotin range of south-central British Columbia. The property covers 7,119 hectares with a 20-man exploration camp and historical bulk sampling results showing grades up to 46.5 g/t Au.
- Big Onion Project A copper-molybdenum porphyry exploration project located 16 km east of Smithers, BC. The 4,810-hectare property on 15 claims contains a historical NI 43-101 indicated resource of 81.1 million tonnes at 0.303% Cu and 0.004% Mo, with mineralization remaining open along strike and at depth.
Quantifiable outcome
- Achieved commercial production with over 100 tonnes per day for 30 consecutive days
- +2 more outcomes
Companies that use Blue Lagoon Resources
Customer profileNamed customers2 records
Segments1 record
Ideal customer profiles3 records
Blue Lagoon Resources technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Blue Lagoon Resources partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Nicola Mining Inc.coreNicola Mining operates the fully permitted 200-tonne-per-day Merritt Mill in British Columbia, providing exclusive toll milling services for Blue Lagoon's Dome Mountain ore. Nicola shifted its processing capacity exclusively to handle Blue Lagoon material in January 2026. The partnership was extended to 10 years in September 2025, securing long-term processing capacity. Nicola also provided a $2 million line of credit to Blue Lagoon in June 2025.
- Lake Babine NationcoreThe Dome Mountain project is located on the traditional and unceded territory of the Lake Babine Nation. Blue Lagoon signed a Mine Restart Agreement with Lake Babine Nation in December 2023. The company received full support from Lake Babine First Nation, which led to Blue Lagoon's selection for PDAC's 2026 Sustainability Award following a Lake Babine First Nation initiative.
Scale indicators7 records
Recent moves7 records
Expansion highlights3 records
Blue Lagoon Resources competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key highlights6 records
Customer concentration
Blue Lagoon Resources social profiles
Digital presenceBlue Lagoon Resources financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Lagoon Resources leadership team
Management profileNumber of profiles
Profiles5 records
Blue Lagoon Resources funding detail
Funding detailFunding overview
Funding rounds7 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Lagoon Resources M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Lagoon Resources
What does Blue Lagoon Resources do?
Blue Lagoon Resources extracts and produces high-grade gold and silver concentrate from its 100%-owned Dome Mountain underground mine in British Columbia. Mineralized material is transported to Nicola Mining's Merritt Mill for toll processing, and the resulting gold-silver concentrate is sold under an offtake agreement to Ocean Partners UK Limited. The company achieved commercial production in mid-May 2026 and targets 15,000–20,000 oz gold annually at full throughput of 150 tonnes per day.
Is Blue Lagoon Resources a public or private company?
Blue Lagoon Resources is a public company. It is classified as public and is currently operating.
When was Blue Lagoon Resources founded?
Blue Lagoon Resources was founded in 2019. It employs 101 to 250 people.
Where is Blue Lagoon Resources based?
Blue Lagoon Resources is headquartered in Vancouver, Canada, in the North America region.
How does Blue Lagoon Resources make money?
Two revenue lines are on record. Gold and Silver Production Sales are the primary driver. The others are toll Milling Arrangement.
Does Blue Lagoon Resources have an API?
No public API is recorded for Blue Lagoon Resources.
What industry is Blue Lagoon Resources in?
Blue Lagoon Resources's product category is Gold and Silver Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining, with a secondary code of IMAKAEAB, Silver Mining. Its NAICS code is 21222 and its SIC code is 1040.