Mexus Gold US announced that it has satisfied an outstanding debt obligation. The $178,855.49 loan, which was due June 16th, was paid off on June 13th. The company was able to satisfy this loan using a new debt obligation. Mexus plans to use revenues from operations to pay the new loan within 6 months. “The ability to basically extend our debt obligation comes at the right time for Mexus. We are increasing production at [...]
Mexus Gold US announced that a second round of blasting has occurred on the Julio shear zone located at its Santa Elena mine in Caborca, Mexico. Sampling of this shear zone has shown 1.5 to 11.9 g/t Au with some visible gold. 1800 tons of this material is being processed and is expected to be placed on the heap leach pad by June 12th. Leaching of the heap pad is now running 24 hours a day, 7 days a week. This newly added [...]
Mexus Gold US announced that for the month of May, 2020 the company produced 102 ounces of gold. This production was accomplished during the COVID-19 slowdown all the while keeping staff safe yet productive. Mexus is looking to produce 150 ounces of gold in the month of June, 2020. The company is currently working the Julio vein shear zone pit #2. Sampling of this material shows visible gold and contains easily leached [...]
Mexus Gold US announced that the company resumed full operational production after a slow down due to COVID 19. On May 23rd the company resumed crushing and placement of mineralized material on the heap leach pad. Leaching has been continuously flowing at .019 GPT to .048 GPT from 3/1/2020 to now. The company expects grades to go back up to .05 GPT given results of the assaying done on this material. Mexus recently [...]
Mexus Gold US announced that the company sold 47.5 ounces of gold May 7th and is processing an additional 45 ounces the week of May 18th. The sale and production of gold is an excellent start for the company and meets the company’s previously stated goals for the month. Mexus’ goal of keeping production costs down while steadily increasing production continues as sales of gold for the month of May are expected to exceed [...]
Mexus Gold US announced that $242,500 of debt incurred by the company has been eliminated by conversion of shares already held in reserve. Mexus received assays for mineralized material recently placed on the heap leach pad. Mexus CEO, Paul Thompson, Sr. added “These assays confirm what the company has been communicating concerning the excellent grades being mined. This grade of material is allowing the company to [...]
Mexus Gold US announced that sales of gold in April are expected to increase by 20% over the prior month. The increase in sales is a result of the company’s efforts to mine a higher grade of ore in March and early April. In addition, material placed on the heap leach pad is being crushed to 1/2 inch minus versus 3/4 inch minus. Crushing to this size allows for the higher grade ore surfaces to be exposed and for better [...]
Mexus Gold US announced that it is producing gold at a cost of $376 per oz. of gold. This figure is well under the $437 per oz. estimated in November 2019. The reduced production cost is a result of Mexus adding an activated carbon recovery system along with an electrowinning gold recovery plant. In addition, the company is mining a higher grade of mineralized material which brings the net cost down. The crew at the mine [...]
Mexus Gold US announced that gold production continues daily at its Santa Elena mine in Caborca, Mexico. Additional revenue will now allow the company to expand hours of operations and add staff which will lead to an increase in production. Mineralized material being mined has been assayed from .5 to 6 ounces gold per ton and includes microscopic to barely visible gold. The microscopic gold starts to leach within 3 days [...]
Mexus Gold US confirmed its inaugural sale of gold totaling 16.5 ounces of the 125 ounces of gold recovered to date at a price of $1600 per ounce. Additional sales will be occurring shortly. With today’s market price for gold and ongoing daily production the company can afford necessary upgrades to its equipment and look to expand daily output. “I would like to thank and congratulate the shareholders that have [...]
Mexus Gold US is pleased to announce that it is now capable of producing gold on a daily basis. The company has arranged for the sale of 32 ounces of gold from two activated carbon cells using the electrowinning gold recovery system which was started on February 24th, 2020. The company has an additional 65 ounces of gold being processed bringing the total to 97 ounces of gold to date. Under current conditions Mexus will [...]
Mexus Gold US announced that gold production at its Santa Elena mine continues with excellent results. The heap leach pad continues to return gold to the pregnant pond at an average grade of .33gpt in solution. The company is seeing normal fluctuations in the tail readings but are optimistic and excited as these readings aren’t dipping as much as expected. Cesar Lemas, Mexus geologist, and his crew are reporting [...]
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