Welcome to our dedicated page for Mexus Gold US news (Ticker: MXSG), a resource for investors and traders seeking the latest updates and insights on Mexus Gold US stock.
Mexus Gold US reports corporate updates tied to its Mexico mining holdings, including the Santa Elena gold project near Caborca, Sonora, and rights to the Ures property north of Hermosillo. Company news has covered project permitting, concession ownership, gold and copper property descriptions, prior test-mining activity, and plans for exploration, drilling, and mine development funding.
Recurring updates also address Mexus Gold US's public-company status, including its Nevada corporate standing, voluntary changes to OTC reporting and trading status, private-share transfer context, capital-raising plans, material agreements, and shareholder communications.
Mexus Gold US (OTCQB: MXSG) has announced the successful removal of two-thirds of the heap leach pad at its Santa Elena mine in Caborca, Mexico, down to 1.5 meters. The company is now processing remaining gold-bearing material through its ball mill gravity recovery system. A new heap leach pad is set for completion by November 1, with operations commencing by November 15. The average grade of stockpiled mineralized material is 4.2 GPT Au, with gold recovery anticipated by December 1, 2020.
Mexus Gold US (OTCQB: MXSG) has completed a 1 for 20 reverse stock split effective today, aiming to enhance its stock price and facilitate uplisting opportunities. This decision follows the company's recent discovery of gold in silver chloride at its Santa Elena mine, with net gold recovery reaching $9,339.85. Mexus has contracted David H. Fell & Company for gold processing and aims to resolve variable recovery issues by year-end. The company is optimistic about its mineral properties, including the Mabel and 8 Brothers/370 properties, which hold substantial gold, silver, and copper potential.
Mexus Gold US (OTCQB: MXSG) announced the operational status of its ball mill gravity gold recovery system at the Santa Elena mine in Caborca, Mexico. The company has also discovered that salt on the heap leach pad is limiting gold recovery. Assays indicate that the bottom 2 meters of the pad contain high gold values, which will be processed through the new recovery system. Mexus aims to improve gold production in Q4 2020 but has not provided specific guidance due to recent findings. The company anticipates further updates on its recovery operations.