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"
MAG Silver Reports First Quarter Financial Results
MAG Silver Corp. (TSX:MAG) ( NYSE: MAG) announces the Company’s... READ MORE
May 8, 2025
Abcourt Intersects 24.3 g/t Over 1.9 m Including 41.9 g/t Over 0.6 m in the 785N Zone and Provides an Update on Its Sleeping Giant Activities
Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to report ne... READ MORE
May 8, 2025
Guanajuato Silver Provides Exploration Update
Guanajuato Silver Company Ltd. (TSX-V:GSVR) (OTCQX:GSVRF) is prov... READ MORE
May 8, 2025
Freegold Reports Final 2024 Drilling Results from Golden Summit Continuing to Confirm Higher Grade Potential
WOW ZONE – GS2437 6.84 g/t Au over 20.6 m including 115.5 g/t o... READ MORE
May 8, 2025
West Red Lake Gold Reports on Bulk Sample Gold Sales
West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQB: WRLGF) is ple... READ MORE
May 8, 2025
