Mexus Gold US (MXSG)

[T-Hawk]

It doesn't say that at all. What it says is how they determined the cash cost per oz below disbelieved Nov 2019 predicted and should mean it was sold to determine the nominal cost per oz delivered to refinery. $1,490 current minus $376= $1,114. We'll take that and see where she lands.

It Absolutely says Mexus is operating at a positive cash flow. Which of course we all know is not true since the company has not sold enough gold to make this even a remote possibility.



CABORCA, Mexico, March 23, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced that it is producing gold at a cost of $376 per oz. of gold. This figure is well under the $437 per oz. estimated in November 2019. The reduced production cost is a result of Mexus adding an activated carbon recovery system along with an electrowinning gold recovery plant. In addition, the company is mining a higher grade of mineralized material which brings the net cost down. The crew at the mine is gaining experience every day and taking expansion one step at a time. With a tightly controlled operation the company expects to be producing 10 oz. of gold per day within 60 days. Mexus is now operating at a positive cash flow which has been a long-standing goal of the company.


FYI - This PR is still not on Mexus' website as of 8:30am CDT.