CABORCA, Mexico, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Mexus
CABORCA, Mexico, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB: MXSG) (“Mexus” or the “Company) announced an update on its 1st quarter results which ran April to June, 2020. During this period the company established mining operations at its Santa Elena mine. The company faced challenges during this period due to COVID-19 which included periods of shut down due to labor laws in Mexico. Mexus was still able to produce gold and used the time to make adjustments at the mine site. Improvements at the mine during this period included: improving the crushing circuit to maximize efficiencies, an increase in employees to include two new equipment operators and a lab technician, and the acquisition of a 330 excavator a 40 ton haul truck and repairs to existing equipment. The company currently has four haul trucks and three excavators onsite which will assist in the planned expansion. The company expects to show an increase in production during the 2nd quarter of its fiscal year (July through September).
Mexus continues to work the Julio shear zone 2 with an average grade of 2gpt Au. Every seven-day period a new area of the heap leach pad is stacked with recently crushed mineralized material. It is estimated that the solution takes 2 ½ weeks to return to the pregnant pond. Leaching in this matter was started 4 weeks ago and the company is happy with the results to date. Mexus plans on running solution in the next ten days as returns should begin building from this expanded production. This process represents an increase in production for Mexus which should reflect in higher gold sales this quarter.
“We’ve had normal ups and downs that any new miner experiences when implementing new processes. The crew at the mine have done a great job of adjusting and fixing issues as they’ve arisen. Mexus will continue to increase production each quarter. I’m excited to announce that the company will do its first quarterly guidance in September which will represent a forward looking estimate for the last three months of 2020,” added Mexus, CEO Paul Thompson, Sr.
Mexus Gold US (MXSG) Stock Research Links
Scroll down for more posts ▼
Top 10 Most Recent News Articles
AI-Driven Travel Meets Norway's Authentic Charm Well, folks, once again we're staring down the barrel of technology going full throttle in the travel game. Mindtrip, the savvy AI-powered travel platform, just inked a deal with the Norwegian Travel Cluster. It's their first tango in Europe, and they're not dipping their toes—they're diving headfirst into the icy fjords....
Continue Reading
Why WIN's Leadership Shake-Up Matters Change is afoot at the fertility and family support powerhouse WIN, and there's no mistaking the bold handwriting on the wall. As they swell towards supporting one million families, WIN's revamping their leadership table with three key players aimed at pushing the envelope further than before. They've got Claudio Stefan, Stacey...
Continue Reading
Imagine waking up to news like this: Wagner Logistics is laying down some serious roots in Liberty, MO. They’ve snagged a deal with a local manufacturer that’s got them renting out over 830,000 square feet of warehouse space. Seems Wagner's got a knack for living large. More Than Just a Warehouse Gig Wagner's not just popping up another dusty shelf space; they're...
Continue Reading
A travel revolution might just be on the horizon, courtesy of Booking Holdings' latest venture, Vayo. And they’re talking about throwing $100 million into it—subject to a few conditions, sure—but that’s not pocket change you toss around without a serious plan. Transforming Travel into a Seamless Experience Vayo’s got one job: making your travels less like a...
Continue Reading
The New Face of Snacking: Creatine Trail Mix I'll tell you right off the bat, JiMMYBAR! seems to be cornering the snack world with an odd—but interesting—twist. They've just launched the world's first Creatine + Protein Trail Mix, blending muscle-building nutrients with the classic crunch of trail mix. Sounds quirky, and it’s exclusive to their site, JiMMYBARs.com....
Continue Reading
NetSuite's AI-First Step into the Market Well, here's the NYSE stirring the pot with Oracle NetSuite's fresh announcement—an AI-first platform called QuickStart. Sounds like they've got their sights set on early-stage tech startups, banking on those little guys to plug into AI tools they've already got in their toolkit. Claude, ChatGPT—these aren't new kids on the...
Continue Reading
A New Era for Home Cooking with Gourmia Stepping into the kitchen appliances arena with a dash of innovation, Gourmia has launched its first ceramic-coated air fryer, and it’s weaving its way exclusively onto the shelves of Costco. Now, it’s not just about frying anymore; it’s about adding style, efficiency, and a touch of healthy living to your countertop. But much...
Continue Reading
Puori's Moment of Reckoning The world of nutritional supplements is no stranger to controversy, but when Puori found itself caught in the storm of the Consumer Reports investigation last year, it chose a road less traveled: transparency and accountability. Faced with alarming news that over two-thirds of tested protein powders exceeded California's Proposition 65 lead...
Continue Reading
Bracing for an AI Revolution Ah, the world of AI — it's like the wild west out there, with data centers struggling to keep up as workloads skyrocket. Enter xFusion, a veteran in the computing infrastructure game, rolling out some seriously impressive tech at the 2026 Open Compute Project (OCP) Global Summit. The company's latest offering showcases how they're tackling...
Continue Reading
Homeowners in East Texas would agree: the last thing you want is your HVAC system throwing a tantrum when you're in the thick of a scorching summer or a biting winter. That's where A1 Refrigeration & Air Conditioning steps in, making sure folks in Jasper, Brookeland, and Kirbyville aren't left sweating bullets or shivering in their boots. Preventive Maintenance: A...
Continue Reading
Top 5 Most Recently Viewed Articles
Engaging with Quanex Building Products Corporation Class Action Recently, a significant opportunity has emerged for investors in Quanex Building Products Corporation (NYSE: NX) who may have been affected by alleged securities fraud. The Rosen Law Firm, a noted global investor rights law firm, has initiated a class action lawsuit aimed at safeguarding the interests of...
Continue Reading
Thermacell Repellents Earns Spot on 2025 Best Workplaces List Thermacell Repellents, Inc. has achieved a remarkable milestone by being included in the coveted 2025 Best Workplaces in Manufacturing & Production List, as announced by Great Place To Work and Fortune. This recognition marks a significant achievement for Thermacell, as it's their debut on this prestigious list...
Continue Reading
Nvidia and AMD's Strategic Move in China's AI Market Dynamics Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) have entered into a significant agreement allowing them to share 15% of sales revenue from select AI chips sold in China with the U.S. government, in return for obtaining export licenses. This development marks a pivotal shift in their operational...
Continue Reading
Rogers Secures CDN$7 Billion Investment Rogers Communications Inc. has successfully closed a significant equity investment transaction, acquiring CDN$7 billion from reputable funds managed by Blackstone, alongside a consortium of prominent Canadian institutional investors. Investment Details and Impact This notable investment is poised to have a transformative impact on...
Continue Reading
Understanding the Class Action Against MoonLake MoonLake is a Swiss clinical-stage biotechnology company that specializes in developing innovative treatments for inflammatory diseases that involve interleukin-17 (IL-17). This company primarily addresses health concerns in dermatology and rheumatology. As with many biotech firms, this can come with unique risks and...
Continue Reading