Globex Receives Fayolle Quarterly Royalty Payment
March 27 2024 - 10:24AM
GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock
Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich,
Tradegate, Lang & Schwarz, LS Exchange, TTMzero,
Düsseldorf and Quotrix Düsseldorf Stock
Exchanges and GLBXF – OTCQX
International in the US) 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.
We Seek Safe Harbour. |
Foreign Private Issuer 12g3 – 2(b) |
|
CUSIP Number 379900 50 9LEI 529900XYUKGG3LF9PY95 |
For further information, contact: |
Jack Stoch, P.Geo., Acc.Dir.President & CEOGlobex Mining
Enterprises Inc.86, 14th StreetRouyn-Noranda, Quebec Canada J9X
2J1 |
Tel.: 819.797.5242Fax: 819.797.1470 info@globexmining.com
www.globexmining.com |
Forward Looking Statements:
Except for historical information, this news release may contain
certain “forward looking statements”. These statements may
involve a number of known and unknown risks and uncertainties and
other factors that may cause the actual results, level of activity
and performance to be materially different from the expectations
and projections of Globex Mining Enterprises Inc. (“Globex”).
No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of
them do so, what benefits Globex will derive therefrom. A
more detailed discussion of the risks is available in the “Annual
Information Form” filed by Globex on SEDAR at www.sedar.com.
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