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"
Founders Metals Closes C$20M Bought Deal Financing
Founders Metals Inc. (TSX-V:FDR) is pleased to announce the closi... READ MORE
October 25, 2024
ATEX Announces US$40 Million Strategic Investment by Agnico Eagle
Settlement of credit facility with cornerstone investors provides... READ MORE
October 25, 2024
K2 Gold Closes Oversubscribed Second/Final Tranche of Private Placement Financing
K2 Gold Corporation (TSX-V: KTO) (OTCQB: KTGDF) (FSE: 23K) announ... READ MORE
October 25, 2024
Atico Produces 2.91 Million Pounds of Cu and 2,055 Ounces of Au in Third Quarter 2024
Atico Mining Corporation (TSX.V: ATY) (OTCQX: ATCMF) announces it... READ MORE
October 25, 2024
West Red Lake Gold Announces Closing of $29 Million Bought Deal Public Offering
West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQB: WRLGF) is pleased to... READ MORE
October 24, 2024
