Blue Lagoon Resources Celebrates One Year Since Mining Permit Approval
Vancouver, British Columbia — February 6, 2026 — Leads & Copy — Blue Lagoon Resources Inc. (CSE: BLLG; OTCQB: BLAGF; FSE: 7BL) is celebrating the one-year anniversary of receiving its mining permit for the Dome Mountain Gold and Silver Project in British Columbia. This achievement marks the Company as one of only nine mining projects permitted in the province over the past decade.
Since securing the permit in February 2025, Blue Lagoon has transitioned into an operating company, advancing Dome Mountain into underground production. The company has established itself as one of the few junior gold and silver companies in Canada to move rapidly from permit issuance to revenue-generating operations.
The macro environment for gold and silver has strengthened. Prices have risen sharply amid persistent inflation, geopolitical instability, central-bank accumulation, and growing concerns around global debt levels.
According to a recent survey of 30 analysts cited inAnalysts ramp up gold forecasts as global uncertainties mount by Ishaan Arora and Ashitha Shiva Prasad, median consensus forecasts now point to a gold forecast of US$4,746.50 per ounce in 2026, the highest annual forecast in Reuters polls dating back to 2012. This reflects a dramatic reassessment of gold’s role as a monetary and strategic asset.
Analysts have noted that gold is increasingly being viewed not just as a hedge against inflation but as a strategic asset amid geopolitical tensions, elevated government debt, and central-bank diversification. They add that persistent global uncertainty continues to drive upward revisions to long-term gold price expectations. Several Wall Street investment banks have raised year-end forecasts for gold, with Goldman Sachs raising its forecast to US$5,400 per ounce, according to Bloomberg.
Since receiving its mining permit, Blue Lagoon has achieved several key operational milestones at Dome Mountain, including completing a year-round wastewater treatment system as required by regulation before mining and scaling up the mining workforce amid a historically tight labor supply.
The company has also initiated underground mining and development of multiple active mining faces, delivered mineralized material weekly to Nicola Mining under a 10-year milling agreement, and received its first production payment of approximately $1 million, validating its near-term cash-flow model.
Blue Lagoon’s strategy focuses on advancing a high-grade gold and silver project responsibly, generating cash flow to fund ongoing exploration, and expanding operations in a disciplined manner while maintaining strong environmental and community standards.
Blue Lagoon’s commitment to high operational standards is reflected in its relationship with the Lake Babine First Nation (LBN). The company has engaged with LBN leadership and community members over several years, embedding Indigenous values into project planning, operations, and workforce development. This approach was formally recognized when Blue Lagoon was selected for the 2026 Prospectors & Developers Association of Canada (PDAC) Sustainability Award, following a nomination by the Chief of the Lake Babine First Nation.
The PDAC award highlighted environmental stewardship and the strength and authenticity of the Company’s Indigenous partnership model. PDAC is the world’s largest mining association, representing over 7,000 member companies and hosting the premier international mining conference attended annually by major producers, governments, and institutional investors. Past recipients of PDAC’s Sustainability Award include Teck Resources, B2Gold, and Cameco.
Blue Lagoon’s established First Nations support reduces permitting and execution risk in British Columbia’s evolving regulatory and political environment. This social license to operate represents a meaningful strategic advantage, positioning the Company favorably as it pursues potential permitting amendments, infrastructure enhancements, and expanded exploration activities.
With permitting risk removed, underground access established, and a scalable production platform in place, the Company believes Dome Mountain is well positioned to benefit from a sustained higher gold and silver price environment.
According to Rana Vig, President & CEO of Blue Lagoon Resources, the company’s focus over the past year has been on execution. He added that in just one year, the company moved Dome Mountain from a newly permitted project to an operating mine, at a time when the fundamentals for gold continue to strengthen materially.
Blue Lagoon remains focused on advancing production, expanding underground development, and unlocking additional value across its broader land package at Dome Mountain as global uncertainty continues to drive renewed interest in gold and silver.
Blue Lagoon Resources Inc. (CSE: BLLG; FSE: 7BL; OTCQB: BLAGF) is a Canadian-based, well-funded, growth-oriented mining company producing from its 100% owned Dome Mountain Gold Mine near Smithers, British Columbia. The company commenced underground mining operations after receiving a full mining permit in February 2025.
Beginning in H1 2026, Blue Lagoon plans to reinvest internally generated cash flow into near-mine and regional exploration to further expand its resource base on its extensive property. The company processes mineralized material from Dome Mountain under a long-term milling agreement with Nicola Mining.
Blue Lagoon’s objective is to be a profitable, cash-flowing gold producer while creating lasting value for shareholders and stakeholders. The Company is not basing its production decision at Dome Mountain on a feasibility study of mineral reserves demonstrating economic and technical viability.
The production decision is based on having existing mining infrastructure, past bulk sampling and processing activity, and the established mineral resource. The Company understands that there is increased uncertainty, and consequently a higher risk of failure, when production is undertaken in advance of a feasibility study.
Source: Blue Lagoon Resources Inc.
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