An update from Globex Mining Ent ( (TSE:GMX) ) is now available.
Globex Mining Enterprises Inc. has announced the acquisition of three gold royalties from IAMGOLD Corporation, enhancing the value of its Porcupine West Gold, Eldrich Gold Mine, and Rouyn-Merger Gold Mine properties in Quebec. This strategic move is expected to consolidate Globex’s position in the gold mining sector by eliminating existing royalties, thereby improving the potential profitability of these properties. The company has already undertaken significant exploration and modeling work on these sites, identifying numerous exploration targets and securing a drill permit, which could lead to increased gold production and exploration opportunities.
More about Globex Mining Ent
Globex Mining Enterprises Inc. is a mining company based in Rouyn-Noranda, Quebec, Canada. It operates in the mining industry, focusing on the exploration and development of mineral properties, primarily gold. The company is listed on various stock exchanges including the Toronto Stock Exchange and the OTCQX International in the US.
YTD Price Performance: 27.35%
Average Trading Volume: 36,247
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$83.59M
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