Blue Lagoon Resources Inc.
All Set to Reopen High-Grade Gold Mine in B.C.
Published: 7/7/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Gold
Ticker Symbols:BLAGF - TSX 🔹BLLG.CN - OTC 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.73 |
| Fair Value | CAD $1.11 |
| Risk | 4 |
| 52 Week Range | CAD $0.08-0.87 |
| Shares O/S (M) | 141 |
| Market Cap. (M) | CAD $103 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 4.9 |
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Report Highlights
Resuming Coverage
* Blue Lagoon Resources Inc. has paid FRC a fee for research coverage and distribution of reports. * Qualified Person: Ted Vander Wart, P.Geo., a consultant to Blue Lagoon Resources (BLLG).*
*BLLG is a part of the CSE25 Index, which represents the top 25 companies on the CSE by MCAP.
- We are resuming coverage on Blue Lagoon Resources/BLLG. The company’s portfolio consists of two gold projects (Dome Mountain and Pellair), and one copper project (Big Onion) in B.C. BLLG is up 564% YoY vs the sector average of 52%.
- The company has recently secured a mining permit to re-open the underground mine at its flagship Dome Mountain gold project — a significant milestone. Notably, Dome Mountain is only one of nine mining projects in B.C. to receive a permit over the past decade, underscoring the rarity of such approvals in a province known for its rich mineral endowment, and stringent permitting process.
- Management aims to start pre-production this month, and announce commercial production by Q4-2025. The official opening is planned for July 9, 2025, when we will be conducting a site visit.
- Dome Mountain hosts high-grade, underground resources (234 Koz Au, and 1.2 Moz Ag). We believe there is resource expansion potential as the deposit remains open in multiple directions (latera
