Uncategorized
Globex Receives Fayolle Quarterly Royalty Payment
GLOBEX MINING ENTERPRISES INC. (TSX:GMX) (FRA:G1MN) (OTCQX:GLBXF) is pleased to update shareholders as regards revenue from the Fayolle gold/silver deposit currently being mined by IAMGOLD in Clericy township, Quebec. The deposit is being mined by the open pit method with the ore being transported to IAMGold’s Westwood mill.
Globex has just received the quarterly royalty payment for the October to December 2023 period. An amount of $238,794.89 was directly deposited into Globex’s bank account. This is the largest payment to date as the mining and processing of Fayolle’s gold/silver ore has ramped up. Globex retains a 2% net smelter royalty on all mineral production from the Fayolle property.
This press release was written by Jack Stoch, Geo., President and CEO of Globex.
Posted March 28, 2024
MORE or "UNCATEGORIZED"
Southern Silver Initiates Infill Drilling on the Puro Corazon Target, Cerro Las Minitas Project, Durango Mexico
Southern Silver Exploration Corp. (TSX-V: SSV) reports that crews... READ MORE
June 18, 2026
Amex Exploration Completes Final Tranche of C$80 Million Private Placement
Amex Exploration Inc. (TSX-V: AMX) (FSE: MX0) (OTCQX: AMXEF) is p... READ MORE
June 18, 2026
Mercado Minerals Intersects 1.20 Metres of 1120 g/t Silver Equivalent Within 3.50 Metres of 686 g/t Silver Equivalent at El Agua Vein Copalito Project
Mercado Minerals Ltd. (CSE: MERC) (OTCQB: MRMNF) announces furthe... READ MORE
June 18, 2026
Xali Gold Private Placement Fully Subscribed
Xali Gold Corp. (TSX-V:XGC) is pleased to announce that the previ... READ MORE
June 18, 2026
STLLR Gold Intersects 13.00 g/t Au over 22.75 m and 3.01 g/t Au over 22.93 m at the Jonpol Deposit of the Tower Gold Project
STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) reports add... READ MORE
June 18, 2026
