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"
Emerita Intersects High Grade Zone of 4.9m Containing Mineralization Grading 3.5% Copper, 1.95 g/t Gold and 95.63 g/t Silver at El Cura
Emerita Resources Corp. (TSX-V: EMO) (OTCQX: EMOTF) (FSE: LLJA) r... READ MORE
April 22, 2026
Kuya Silver Reports Growing Silver Production At The Bethania Project In Q1 2026
Exits Q1 With 100 Metric Tonnes Per Day Production And Confirms P... READ MORE
April 22, 2026
Drilling at Swanson Gold Deposit Confirms Large-Scale Gold Discovery with 1.18 g/t Au over 255.04 metres and 1.65 g/t Au over 136.01 metres
LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is pleased ... READ MORE
April 21, 2026
Spanish Mountain Gold Announces Sale of a 1.5% Royalty to Wheaton Precious Metals for US$55 Million
Spanish Mountain Gold Ltd. (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF)... READ MORE
April 21, 2026
G Mining Ventures Reports Q1 2026 Preliminary Gold Production of 31,846 oz
Accelerated waste stripping positions Tocantinzinho for stronger ... READ MORE
April 21, 2026
