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 (MXSG) is an American-based mining company with gold-focused holdings in Sonora State, Mexico, and a corporate base in Nevada. This news page compiles company-issued updates and market announcements related to its projects and corporate activities, giving readers a central place to review developments tied to the MXSG symbol and the underlying business.
Company news often centers on the Santa Elena mine, a fully owned gold project located northwest of Caborca, Mexico. Releases have discussed test pits, heap leach work, geological evaluations, and the company’s belief in the project’s potential. Updates also describe efforts to secure a qualified joint venture partner to fund, mine, and/or drill Santa Elena, along with the importance the company places on permits associated with exploration and potential production.
Another recurring topic is the Ures property in Sonora, which Mexus Gold US describes as containing both gold and copper. News items reference the company’s broader land position in northern Sonora and its openness to partnerships across its properties. Corporate communications also cover capital-raising plans, debt conversion proposals, and restructuring steps that the company associates with advancing its Mexican projects.
Mexus Gold US news has additionally addressed changes in trading and reporting status, including voluntary delisting from a fully reporting OTC tier, expectations about Pink Sheets trading, and later statements that the company is not publicly traded, with shares potentially transacted privately. Readers following MXSG-related news can use this page to review these status updates, property-level announcements, and strategic communications from the company over time.
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.