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"
Pan American Energy Closes Private Placements for Gross Proceeds of Approximately $1.02M
Pan American Energy Corp. (CSE: PNRG) (FRA: SS60) announces that ... READ MORE
March 19, 2025
Abitibi Metals Concludes Phase II Drill Program with Strong Results: 8.08% CuEq Over 2.9 Metres Within 1.94% CuEq Over 29 Metres at B26 Deposit
Highlights: Expansional results from key target areas at the B26 ... READ MORE
March 19, 2025
Tesla Zone Drilling Returns Highest Grade-Thickness Intercept to Date
Results Indicative of Expansion Potential Highlight Intercepts... READ MORE
March 19, 2025
Orla Mining Reports Fourth Quarter 2024 Financial Results
Continued Operating Outperformance and Musselwhite Addition Provi... READ MORE
March 19, 2025
enCore Energy Enters Definitive Agreement for Sale of New Mexico Assets; Plans to Distribute Consideration Shares to enCore Shareholders
enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) America’s Cle... READ MORE
March 18, 2025
