Home » News » Globex: January Zinc Royalty Payment CDN $220,180

Globex: January Zinc Royalty Payment CDN $220,180

Feb 22, 2018

February 22, 2018 – Rouyn-Noranda, Québec, Canada. GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchangesand GLBXF – OTCQX International) is pleased to inform shareholders that Globex has received a zinc royalty payment of US $177,179 (CDN $220,180) from Nyrstar for January 2018 production at the Mid Tennessee Mines based upon an average zinc price of US $ 1.56 per pound.

Globex understands that the Mid Tennessee mill is at or near full capacity. The monthly royalty payment is based upon among other things, the amount of ore mined and milled and the average monthly price of zinc. The current zinc price is $ 1.60 per pound.

This press release was written by Jack Stoch, Geo., President and CEO of Globex in his capacity as a Qualified Person (Q.P.) under NI 43-101.

http://www.globexmining.com/news.php