CABORCA, Mexico, Sept. 13, 2019 (GLOBE NEWSWIRE) -
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Posted On: 11/20/2019 4:07:18 AM
CABORCA, Mexico, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company"
announced that on September 12th, 2019 the company negotiated and sold its first gold from production at its Santa Elena mine. The sale was based at a 2% discount from today’s spot price per oz. The sale of gold completes the gold production cycle for Mexus and confirms that the company is now in full production. Mexus intends to notify its shareholders of additional production in the upcoming weeks which will show a steady and sustainable increase in gold recovery. Mexus CEO Paul Thompson Sr. added, “This is a monumental and important step for Mexus as it shows we are capable of recovering gold at the Santa Elena mine. I will continue to take steps towards making Mexus a major gold producing company.”
How do you reconcile this announcement with the zero revenue in the latest 10Q ? Something terribly wrong here
announced that on September 12th, 2019 the company negotiated and sold its first gold from production at its Santa Elena mine. The sale was based at a 2% discount from today’s spot price per oz. The sale of gold completes the gold production cycle for Mexus and confirms that the company is now in full production. Mexus intends to notify its shareholders of additional production in the upcoming weeks which will show a steady and sustainable increase in gold recovery. Mexus CEO Paul Thompson Sr. added, “This is a monumental and important step for Mexus as it shows we are capable of recovering gold at the Santa Elena mine. I will continue to take steps towards making Mexus a major gold producing company.” How do you reconcile this announcement with the zero revenue in the latest 10Q ? Something terribly wrong here
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