VANCOUVER, BC / ACCESS Newswire / July 17, 2026 / Blue Lagoon Resources Inc. (CSE:BLLG)(OTCQB:BLAGF)(FSE:7BL) has now received more than C$10 million in revenue from gold and silver sales from its 100% owned Dome Mountain Gold and Silver Mine, located near Smithers, British Columbia, and underground mining production levels have risen to a consistent 125 tonnes per day.
Revenue received to date from Ocean Partners reflects provisional payments on concentrate sales, with certain amounts remaining subject to final settlement by the buyer once smelting is complete and the final gold and silver content of each shipment has been assayed and tallied. Blue Lagoon recorded its first sale of gold and silver in December 2025, meaning the Company has generated more than $10 million in payments in just over seven months of operations - a period that also included the declaration of commercial production on May 19, 2026.
Production continues to increase. When commercial production was declared on May 19, 2026, underground mining rates had exceeded an average of 90 tonnes per day for more than 30 consecutive days. Production levels have since risen to 125 tonnes per day, a ~40% increase, as the operation advances toward the mine's permitted production limit of 150 tonnes per day.
A key driver of this progress has been the significant underground development completed since mining began. A substantial portion of the cash flow generated at Dome Mountain thus far has been reinvested directly back into the mine to advance development headings in order to open up additional working faces. This is essential to increasing and sustaining production over the long term. This reinvestment has extended beyond the underground, with continued investment in water treatment, environmental systems, and site infrastructure, with further investment planned in the near term. While our production ramp-up has, as expected, included both ups and downs, the combination of expanded working faces, two crews operating concurrently, and production closing in on a 150 tonne per day target means Dome Mountain is now achieving consistent steady-state mining.
"Crossing $10 million in revenue is an important marker for Blue Lagoon, but what matters most to me is how we got here," said Rana Vig, President and CEO of the Company. "Rather than simply chasing a daily production number, we have reinvested a substantial amount of our cash flow back into the mine - into development that opens up new working faces, into water treatment, and into the environmental systems that allow us to operate responsibly. A ramp-up in production never progresses in a straight line, and ours has had its share of challenges, but that reinvestment is exactly what positions us to sustain production for years to come."