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"
NMG Announces Closing of US$96.5 Million Equity Public Offering
As part of the financing package for the phased development of the commercial operations of its Mata... READ MORE
April 16, 2026
Group Eleven Drills 23.5m of 12.3% Zn+Pb and 46 g/t Ag, Further Confirms Deeper Cu-Ag Mineralization and Extends Mineralized Strike by 600m to 3.2km
Group Eleven Resources Corp. (TSX-V: ZNG) (OTCQB: GRLVF) (FSE: 3GE) is pleased to announce new assay... READ MORE
April 16, 2026
Argenta Silver Step-Out Drilling Intersects 679 g/t Ag over 13.5m, including 1,163 g/t Ag over 4.0m, Resource Continuity and Expansion Continues
Argenta Silver Corp. (TSX-V: AGAG) (OTCQX: AGAGF) (FSE: T1K) is pleased to report the third set of ... READ MORE
April 16, 2026
Maple Gold Expands Gold System at Douay With Broad Step-Out Intercepts; 1.1 G/T Au Over 74 m, Including 2.8 G/T Au Over 13.5 m, In The Nika Zone And 1.0 G/T Au Over 138 m, Including 3.1 G/T Au Over 9 m, In The Porphyry West Zone
Maple Gold Mines Ltd. (TSX-V: MGM) (OTCQX: MGMLF) (FSE: M3G0) today announced assay results from 14 ... READ MORE
April 16, 2026
Uranium Royalty, Orion and Ontario Teachers’ Pension Plan to Create a Leading Royalty Platform Through Combination of Uranium Royalty and Sweetwater Royalties
Uranium Royalty Corp. (NASDAQ: UROY) (TSX: URC) is pleased to announce that it has entered into an a... READ MORE
April 16, 2026
