Globex royalty stream to restart Middle Tennessee ops
GLOBEX ROYALTY STREAM WILL RESTART WITH PRODUCTION NYRSTAR TO REOPEN MID-TENNESSEE MINES
Globex Mining Enterprises Inc. has noted that Nyrstar NV has commenced actions for the restart of its Middle Tennessee mining operations, which were put on care and maintenance in early December, 2015.
Nyrstar stated that it expects ore production to commence during the first quarter of 2017 and mill processing operations to commence in the second quarter of 2017.
In the final six months of production in 2015, the mine generated royalty revenue of $605,000 for Globex.
Globex welcomes the planned return of the significant royalty income flow from this asset.
See Nyrstar’s press release on Globex’s website under the company’s Mid-Tennessee deposit property.
This press release was written by Jack Stoch, PGeo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.
http://www.globexmining.com/news.php
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