The Prospector News

Globex Receives Fayolle Quarterly Royalty Payment

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

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

Share this news article

MORE or "UNCATEGORIZED"


Sirios Extends the Eclipse Zone 400 Metres Downdip and it Remains Completely Open

Sirios Resources Inc. (TSX-V: SOI) (OTCQB: SIREF) is pleased to p... READ MORE

April 17, 2024

New Found Intercepts 14.8 g/t Au Over 5m at Honeypot & 43.1 g/t Au Over 2m at Jackpot

New Found Gold Corp. (TSX-V: NFG) (NYSE-A: NFGC) is pleased to a... READ MORE

April 17, 2024

STLLR Gold Announces Remaining Tower Gold Project Infill Drilling Results

STLLR Gold Inc. (TSX: STLR) (OTCQX: STLRF) (FSE: O9D) announces the fin... READ MORE

April 17, 2024

AVANTI HELIUM CLOSES SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Avanti Helium Corp. (TSX-V: AVN) (OTC: ARGYF) is pleased to anno... READ MORE

April 17, 2024

PAN GLOBAL INTERSECTS 11 METERS AT 2.36G/T GOLD AND 22 METERS AT 0.41% COPPER, EXPANDING CAÑADA HONDA COPPER-GOLD DISCOVERY, SPAIN

New drill results from Cañada Honda return best gold grade and t... READ MORE

April 17, 2024

Copyright 2024 The Prospector News