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Moon Equity Holdings Corp. (OTC: MONI) announced the acquisition of Royal Costino LLC, a mining subsidiary operational since 2013. Under new President Anthony Cappaze, who processed over 100,000 ounces of gold, this acquisition is expected to bolster revenue generation. Royal Costino LLC previously generated over $28 million in 10 months and is set to increase processing capacity from 50 tons to 300 tons of ore per day, projecting revenues of approximately $45,000 daily. The acquisition of a processing facility in Peru will further enhance operational capabilities.
Moon Equity Holdings Corp. (OTC symbol MONI) has announced its acquisition of Royal Costino LLC, appointing Anthony Cappaze as President of the new subsidiary. This acquisition aims to enhance Moon Equity's operations in exporting, producing, and trading precious metals, including gold, silver, and copper, potentially exceeding a value of $100 million USD. Cappaze, with a history in the telecom sector, brings valuable leadership experience to the role, which is expected to support the company’s strategy to diversify and develop multiple revenue streams.