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Globex Mining Enterprises Inc. (GMX.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.7900+0.0300 (+3.95%)
At close: 3:54PM EST
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Previous Close0.7600
Open0.7700
Bid0.7600 x 0
Ask0.7900 x 0
Day's Range0.7500 - 0.7900
52 Week Range0.2600 - 0.8100
Volume70,150
Avg. Volume32,864
Market Cap43.453M
Beta (5Y Monthly)1.23
PE Ratio (TTM)6.99
EPS (TTM)0.1130
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Globex: Quick Update
    GlobeNewswire

    Globex: Quick Update

    ROUYN-NORANDA, Quebec, Dec. 22, 2020 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International in the US) wishes to inform shareholders of the following: Globex has engaged Novatem to undertake a detailed (25m spacing) aeromagnetic survey over our large Opinaca River gold property located on strike to the southwest of Azimut’s gold discovery. The property covers 13 kilometers of the rock units that house the Elmer gold discovery and totals 65 claims including 4 separate claims to the north such that our 3431-ha land package also adjoins on both the south and northwest of Dios’s K2 gold target which Dios has just completed drilling.Subject to court approval, Globex has acquired a permitted Silica Quarry in Wyse Township, Ontario, located near the Quebec border west of the town of Temiscaming, Quebec. Included in the purchase are an array of stackers, two 43-foot house trailers, a large hydraulic shovel, a generator and miscellaneous other equipment. The property has a large historical resource of high-grade silica grading in the range of +98% SiO2.Globex has optioned the Lac Suzanne Nord, nickel, copper, cobalt property to Enertourbe Inc. The property consists of 3 claim packages totaling 23 claims (1,278 ha). Numerous showings of nickel, copper and cobalt in sulphides occur on all the claim packages.We have also signed a number of CA’s wherein companies are undertaking due diligence on a number of Globex’s properties. Data has been made available to the various parties and studies are ongoing.The price of metals has been rising steadily in particular as it relates to gold, copper and zinc. The rising zinc price is reflected in rising royalty payments from Nyrstar’s operations at our Mid-Tennessee royalty property. Payments currently have risen to over $100,000 per month and are expected to rise further as the zinc price continues to climb.Globex currently has a strong cash and share positions of other companies, no debt, owns all it’s 190 assets and has only fifty-five million shares issued and outstanding. Revenue from options continues. Tres-Or, for example, has confirmed that the $200,000 option payment on the Fontana gold property will be made by January 11, 2021.Various companies are working on Globex royalty properties including O3 on our Nordeau East and West assets, located east of Val-d’Or, Quebec, Tres-Or and Kiboko on our optioned Fontana gold property, Renforth Resources currently completing a first phase 7,000 metre drill program of a 15,000 m program on our Parbec gold royalty property, Radisson Mining drilling on adjoining claims on gold zones that plunge into Globex’s Kewagama Gold Mine royalty asset, Excellon Resources completing over 14 drill holes on ourSilver City option in Saxony, Germany, Starr Peak undertaking a magnetometer survey on our Normetal/Normetmar base metal mines royalty property and surface sampling on our Rousseau and Lac Turgeon gold royalty properties, BMEX drilling on our Tut gold royalty property, Eros Resources Corporation undertaking permitting and engineering work to advance the Bell Mountain gold/silver property to production, Nippon Dragon Resources starting underground operations at the Globex royalty, Rocmec 1 gold deposit, Maganese X Energy Corp. completing 28 drill holes totaling 4,509 m on Globex’s Battery Hill Manganese royalty property, among others.  At Globex, we have also been focused on acquiring an understanding the potential of our various advanced assets and have completed 3D models of a number of our advanced properties, including the Francoeur Gold Mine, Vauze polymetallic mine, Ramp Gold Mine, Wrightbar Gold Mine, Tarmac Gold Zones, Standard Gold Mine, Lac Fortune Gold Mine, Blackcliff Gold Mine (in partnership with Altai Resources), among others.We have flown detailed aeromagnetic surveys over our Francoeur/Arntfield/Lac Fortune gold property, Silidor/New Marlon Gold Mine property, Standard Gold Mine property, Blackcliff Gold Mine property (in partnership with Altai Resources), Laguerre/Knutson gold property, our Courville, Venus, Randall and Napping Dwarf properties and our McNeely lithium project. Novatem have been engaged to fly a number of other Globex properties starting in the new year.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.We Seek Safe Harbour.  Foreign Private Issuer 12g3 – 2(b)  CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1Tel.: 819.797.5242 Fax: 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

  • Chibougamau Independent Mines Announces $1 Million “Flow-Through” Financing
    GlobeNewswire

    Chibougamau Independent Mines Announces $1 Million “Flow-Through” Financing

    ROUYN-NORANDA, Quebec, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Chibougamau Independent Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart and Lang & Schwarz Stock Exchanges in Germany, CMAUF-OTC in the US) announces that it will effect a non-brokered private placement of a maximum of 5,882,352 “flow-through” common shares at a price of $0.17 per share for maximum gross proceeds to Chibougamau of $1 million. Chibougamau will use the proceeds from the “flow-through” private placement for exploration on certain of its properties in Québec. Chibougamau also announces that it will effect a private placement of 357,142 common shares at a price of $0.14 per share for gross proceeds to Chibougamau of $50,000. Chibougamau will use the net proceeds from this private placement for working capital.Closing of the private placements is expected to take place on or about December 22, 2020. The private placements are subject to approval by the TSX Venture Exchange.It is expected that a director of Chibougamau (the “Insider”) will purchase the 357,142 common shares to be issued at $0.14 per share for total consideration of $50,000. The issuance of shares to the Insider will constitute a related party transaction but will be exempt from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions as the fair market value of the shares to be issued to the Insider does not exceed 25% of Chibougamau’s market capitalization. Chibougamau does not expect to file a material change report with respect to the participation of the Insider at least 21 days prior to the expected closing date of the private placement as the Insider’s participation was only recently determined and closing of the private placement is expected to take place shortly.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release. We Seek Safe Harbour.CUSIP Number 167101 203 LEI 529900GYUP9EBEF7U709 For further information, contact: Jack Stoch, P.Geo., Acc.Dir. President & CEO Chibougamau Independent Mines Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1Tel.: 819.797.5242 Fax: 819.797.1470 info@chibougamaumines.com www.chibougamaumines.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 Company’s expectations and projections. A more detailed discussion of the risks is available under “disclaimer” on the Company’s website.48,370,042 shares issued and outstanding

  • Laguerre/Knutson Drill Summary
    GlobeNewswire

    Laguerre/Knutson Drill Summary

    ROUYN-NORANDA, Quebec, Dec. 01, 2020 (GLOBE NEWSWIRE) -- GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International in the US) has now received all the assays from our recent drilling on our Laguerre/Knutson gold project near Larder Lake, Ontario. Seven hundred and fifty-nine metres (759 m) were drilled in three holes on the Knutson portion of the property where historical trenching returned 0.42 oz/t Au over an average width of 5.3 feet for a length of 160 feet on Vein 1 and 0.25 oz/t Au over an average width of 5.9 feet for a length of 90 feet (see Globex press release dated September 17, 2020.The three holes each intersected three zones of intense alteration, shearing and mineralization principally disseminated pyrite corresponding to the downward projection of the mineralized zones. Despite the obvious visual indicators in the core, the assays did not match those from surface sampling and are listed below:HOLE ZONE NAMEGOLD (g/t Au)TRUE WIDTH (m) LK-20-01Knutson 20.66 g/t2.83 m   Incl.: 1.28 g/t1.16 m LK-20-01Knutson East1.10 g/t5.66 m   Incl.: 6.96 g/t0.46 m LK-20-2Knutson 20.56 g/t8.25 m   Incl.: 1.53 g/t1.54 m LK-20-3Knutson 20.64 g/t11.05 m   Incl.: 1.74 g/t1.87 m While the three drill holes did not return assays comparable to those reported on surface and encountered in grab sampling by Globex, the fact that the zones do project to depth as displayed by the intense alteration, shearing and sulphide mineralization is a positive outcome which suggests more work is warranted.Two drill holes LK-20-04 and LK-20-05, totaling 422.7 metres were targeted as potential extensions to the north of the Laguerre gold Zone. Neither drill holes intersected a projection of the hosting rock unit. Several areas of weak sulphide mineralization were observed in the drill holes but did not return significant gold assays. The drill holes will be added to the data base to see if the added geological information can give us a clue as to other target areas for the projection of the host unit.The Raven River gold zone east of the Laguerre/Knutson gold zones was not tested nor were two new target areas defined by a detailed aeromagnetic survey undertaken earlier this year by Globex.Delivery and sample preparation:All samples were delivered to Expert Laboratories Inc., located at 750-A rue Saguenay, Rouyn-Noranda, Quebec. The laboratory conducted all aspects of the sample preparation. Samples were dried and crushed to 90% passing a -10 mesh screen. A 300-gram subsample was taken for pulverization to a nominal 90% passing -200 mesh with the remaining crushed rejects being retained.Gold AssayingA 29.166-gram sub-sample of this pulp (1 assay-ton) was taken and was fused following the standard procedures used in a fire assay method. The gold content of all samples was determined using Atomic Absorption Spectroscopy (Method Code: Au FA-GEO, lower detection limit 5 ppb). Any samples found to contain greater than 1 g/t Au were subjected to a re-assay, whereby the gold content was determined using a gravimetric fire assay method.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.We Seek Safe Harbour.Foreign Private Issuer 12g3 – 2(b)  CUSIP Number 379900 50 9 LEI 529900XYUKGG3LF9PY95 For further information, contact: Jack Stoch, P.Geo., Acc.Dir. President & CEO Globex Mining Enterprises Inc. 86, 14th Street Rouyn-Noranda, Quebec Canada J9X 2J1 Tel.: 819.797.5242 Fax: 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