Globestar Mining Corp (GMI)

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Who We Are

GlobeStar is a Canadian mining, exploration and development company whose principal activity is the production of high quality copper concentrate and gold-silver doré from the Cerro de Maimón mine located in the Dominican Republic.

GlobeStar began construction of the Cerro de Maimón mine and processing facilities, in December 2006 and all construction was completed by December 2008. The sulphide flotation plant was brought into production in September 2008 and the oxide gold plant was commissioned in December 2008.

The 2009 forecast production of the sulphide flotation plant is 25 million pounds of copper, 5,000 ounces of gold, and 440,000 ounces of silver.

The 2009 forecast production of the oxide gold plant is 7,000 ounces of gold and 113,000 ounces of silver. The current mine plan extends to 2017 and the existing resources and prospective exploration targets near to the Cerro de Maimón property have the potential to extend the life of the operation.