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"
SONORO GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED $12.2M PRIVATE PLACEMENT
Sonoro Gold Corp. (TSX-V: SGO) (OTCQB: SMOFF) (FRA: 23SP) is plea... READ MORE
April 27, 2026
Surge Copper Announces Closing of Final Tranche of $20 Million Private Placement
Surge Copper Corp. (TSXV: SURG) (OTCQB: SRGXF) (Frankfurt: G6D2)... READ MORE
April 27, 2026
Abcourt intersects 1.7 g/t gold over 12 metres including 15.2 g/t gold over 1 metre in drilling on its Flordin property, in the eastern extension of the Cartwright stripping
Abcourt Mines Inc. (TSX-V: ABI) (OTCQB: ABMBF) is pleased to ann... READ MORE
April 27, 2026
VR Resources Announces Closing of Oversubscribed $1.1M Brokered Private Placement Led by Centurion One Capital
VR Resources Limited (TSX-V: VRR) is pleased to announce the succ... READ MORE
April 27, 2026
First Phosphate Provides Analytical Results for Infill Drill Program at Begin-Lamarche Property
First Phosphate Corp. (CSE: PHOS) (OTCQX: FRSPF) (OTCQX ADR: FPHO... READ MORE
April 27, 2026
