Mexus Gold US (MXSG)

[learningthetruth]

Mexus confirms sale of gold from production at its Santa Elena mine:

March 09, 2020 03:01 ET | Source: Mexus Gold US
CABORCA, Mexico, March 09, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) 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 believed in and supported Mexus. With production sales started, Mexus plans to be debt free by January 1st, 2021 and will seek to increase shareholder value in the near term. I will be holding a telephone conference in the near future,” added Mexus CEO, Paul Thompson.

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And from March 2, 2020:

Mexus’ first significant production of gold at its Santa Elena mine announced

March 02, 2020 03:01 ET | Source: Mexus Gold US
CABORCA, Mexico, March 02, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) 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 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.

“It is with great satisfaction that I can announce this monumental accomplishment for Mexus. We will continue to build upon this production and push to meet our long-term goal of becoming a 100,000 ounce per year gold producing company.” added Mexus CEO, Paul Thompson Sr.