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"
Spanish Mountain Gold Announces Closing of First Tranche of Royalty Financing and Receipt of US$22.5 Million
Spanish Mountain Gold Ltd. (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF)... READ MORE
May 5, 2026
Galantas Gold Announces Updated Mineral Resource Estimate at Andacollo Project and Provides Notice of Meeting and Record Date for the Special Meeting to Approve Its Acquisition
Galantas Gold Corporation (TSX-V: GAL) (AIM: GAL) is pleased to a... READ MORE
May 4, 2026
First Phosphate Receives Funds from Warrant Exercise and Streamlines Capitalization Table
First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPH... READ MORE
May 4, 2026
G2 Goldfields Extends High-Grade OKO Resource to Depths of 1km, Intercepts 84.5m @ 3.0 g/t Au
Deepest hole drilled to date by G2 returned 84.5m @ 3.0 g/t Au fr... READ MORE
May 4, 2026
Trident Resources Engages Marketing Groups and Announces the Recent Exercise of 1.38M Warrants for $1.87M in Cash
Trident Resources Corp. (TSX-V: ROCK) (OTCQB: TRDTF) is pleased ... READ MORE
May 4, 2026
