Hey, maybe we can get those folks at MarMar interested…

Mexus has some silver properties, if memory recalls. Let's say silver makes a big move to $25 or above, is that something that Mexus could take advantage of? I mean, there should be interest from other companies out there if that happens.

News

https://ceo.ca/@nasdaq/mexus-pays-off-outstanding-debt-obligation-quarterly

CABORCA, Mexico, July 13, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that the company satisfied a $57,000 note payable by way of conversion. In addition, Mexus’ audit obligation has been met with the audit expected to be completed in the next 7 days. The audit process was delayed due to the company moving from an exploration company to a production company. The auditors required additional information concerning the sales of gold and the accounting procedures put in place as required by Mexican law. Future audits are expected to be completed and released in a more timely manner.

If all goes well from now on, when does the board think we will have that R/S?? Is it still long time yet?

Probably 20-30 better lottery tickets than those two, dude

Yes, great stuff. Quite near where Newrange is drilling, if I am not mistaken. Very promising grounds no doubt. It will be very interesting to see what happens the day they can afford drilling like there is no tomorrow on the many properties they now have, he he. And considering how close Everything is, they should have it quite "easy" to produce it when the deposits have grown enough. Doesn't need much, a little bit there, a s liittle bit there, and it will all add up to a nice production profile in the not so distant future

This is FAR better than the alternative, Thess. If they can keep the gold flowing, it will not be a problem to pay it. To suddenly not having that dilution that would otherwise come is a very good thing.

They should be able to fully concentrate on what they are doing right now. Biggest hurdle now is a Covid comback, imho. But let's not hope for that.

Mexus pays off outstanding debt obligation

CABORCA, Mexico, June 15, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) 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 the Santa Elena mine and expect revenues to grow exponentially in the coming months. Revenues from the sale of gold are currently being reinvested to increase our monthly production. Long term, this will be a substantial benefit to Mexus and its shareholders,” added Mexus CEO Paul Thompson.

Any ideas how this virus mess has changed plans for exploration drilling? Those Camp Douglas and Mina targets is something I want to see drilled asap.

Mexus continues ramp up of production with blasting at its Santa Elena mine
CABORCA, Mexico, June 08, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) 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 material should start returning increased values to the pregnant pond as early as June 15th. Carbon cells and electro winning processing continue to operate capturing 100% Au without interruption.

Blasting of Julio shear zone

Good. Thanks for posting.

Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company") 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 retired a $142,000 loan using stock held in reserve by the lending company. Although this loan was not optimal it did assist the company in getting the mine into production.

For the last 3 months the company has been able to operate and expand using gold sales only and without taking on further debt. The infrastructure at Mexus’ Santa Elena mine is valued at over $10,000,000. The company has and will continue to produce gold for years to come.

Not shabby at all.
CABORCA, Mexico, May 18, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) 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 120 ounces.

“Every day Mexus is experiencing firsts relating to production. From the amount of material being mined, crushed, and placed on the heap leach pad to the end production of gold. This will be our best month of gold production and is a testament to the perseverance and commitment of all involved with the company. The Santa Elena mine is a historical mine site and encompasses over 6500 acres. I’m excited to see the production of gold increase as we build out and tap into this outstanding property. My goal has always been to make Mexus into a major mining company,” added Mexus CEO, Paul Thompson.

You also said you were going to buy at 0,008...

http://www.globenewswire.com/news-release/2020/04/27/2022151/0/en/Mexus-Gold-Provides-Update-Releases-Recent-Assay-Report.html

Fink dead. Man that sucks

Anyone know if the next newsletter will be as lackluster as the last one? I don't know if they will report any results until all 12 have gone through 6 months.Hope they at least can give us a clear road forward and some updates on other stuff. Some PRs next week would be much appreciated. otherwise it will be a boring read. And shareholders will riot

I admit, I thought mining shares would plummet today. Instead Goro is as strong as an ox

It was bound to happen. If we are lucky the market already had anticipated it and we gett a quick dive down and the recover some. Hm, they have inventory to sell if I am not mistaken. Let's hope it only lasts a month.
Go Goro!

I am worried they'll have to shut down operations one way or another because so many other miners are doing it. Damn virus.

I want to see that Douglas target drilled, that looks like a real game changer potential just waiting to unfold.

Hm, perhaps this carnage will make it possible to acquire new assets?

Yes, you are probably right. Will be scary the newxt few weeks and months.

Sickening carnage. I wonder when it will turn around.

This carnage, it feels like 2008 again, but on steroids. Yikes. Hm, many assets must be cheap again, if there is a financially strong company out there looking to further its assets... nah, perhaps they are happy with what they've got already.

This sick butchering of metal prices, I wonder how low it will go and how long it will last. Sigh. Soooo frustrating. Hope it turns around asap.

Another buying opportunity in Goro for me today. Hope the rest of you do the same.

This is insanity. Simply must be an absurd buying opportunity at $3. I mean, they are making loads of money and are expanding. No wonder one gets paranoid when markets behave like this.

Sickening share price. They make Money hand of fist at these prices.

You might have gotten yourself a small fortune brewing there, Thess. Well, unless they screw up again. But let's not hope that. Exciting times for sure. I suspect it will take its fair share of time, but as long as they are in profit, that's no problem.

Gold $1682 right now. Sweet.

Telephone conference soon. If I recall, PT has a raspy voice, he he. Glad to see they aim to be debt free within a year. Let's hope they are able to increase output the way we hope. Perhaps a j/v on other projects is near term as well? Would not mind seeing us back at 5-10 cents someday. Fingers crossed.

So you mean you DON'T post non-stop?

I thought gold would rise this morning

Why sell now? The Isabella Pearl will have high grade coming in this year, then we have the Scarlet target and the other big Camp target. Imagine if they hit that! That tax thing will not come again.

It will be worth it to wait for the drilling targets this year. That alone could transform the company big time

Gold is going berzerk! Goro has lots of gold $10 is closer than we think!

May I ask why?

SOLID REPORT AND EXCELLENT FUTURE!

I would not mind a 10 bagger from here as soon as possible, he he.


For starters....

Thess, if this is indeed the end of turmoil and money woes, then I offer you my sincere congratulations. You might have bet on the right pony. At least it appears they will be having cash from now on. I think I need at least 10 or 20 cents before I consider it worth the wait, lol. But I did not have the funds to buy more. Or guts. Happy with what I've got, if the company survives, it should at least be Worth a LOT more than what it is today in just a few weeks and months. Fingers crossed this time !

"Under current conditions Mexus will be able to produce 5 to 7 ounces of gold per day with the goal of increasing to 10 ounces of gold per day by March 30th, 2020. The company’s goal is to be producing 100 ounces of gold per week by May 1st, 2020."

Should pay a few bills to begin with. Hopefully, what remains will make it easier to expand.

Fingers crossed that no more bull **** will come our way and that we actually will get rewarded this time!

Gold up, Goro down. Freaking frustrating!