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"
Eloro Resources Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$17 Million
Eloro Resources Ltd. (TSX: ELO) (FSE: P2QM) is pleased to announce the closing of its previously an... READ MORE
March 6, 2026
Minera Alamos Updates Resources and Reserves for the Pan Gold Mine in Nevada
Minera Alamos Inc. (TSX-V: MAI) (OTCQX: MAIFF) is pleased to announce updated Mineral Resource and M... READ MORE
March 6, 2026
Ero Copper Reports Fourth Quarter and Full Year 2025 Operating and Financial Results
Ero Copper Corp. (TSX: ERO) (NYSE: ERO) is pleased to announce its operating and financial results f... READ MORE
March 6, 2026
Rare Element Resources Announces Results of Oversubscribed Rights Offering of Common Shares
Rare Element Resources Ltd. (OTCQB: REEMF) is pleased to report that its previously announced... READ MORE
March 6, 2026
TRX Gold Reports Record Q2 2026 Production and Company Update
TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) is pleased to announce preliminary resu... READ MORE
March 6, 2026
