Mexus Continues Producing Gold; Ships Activated Carbon To Refinery

Rhea-AI Summary

Mexus Gold US (OTC PINK:MXSG) announced the shipment of 2 tons of activated carbon to a US refinery, coinciding with gold prices exceeding $2,050 per ounce. The shipment, sent on March 8, is expected to be processed by March 21, potentially boosting revenue from this batch. The company plans to load another 2 tons of activated carbon by April 1. CEO Paul Thompson highlighted the firm's ongoing gold production and discussions with potential joint venture partners, indicating a promising future for shareholder returns.

Positive

• Shipment of 2 tons of activated carbon may significantly increase revenue.
• Gold prices are favorable, exceeding $2,050 per ounce.
• Ongoing discussions with potential joint venture partners.
• Plan to initiate own drilling program to enhance shareholder returns.

Negative

• None.

CABORCA, MEXICO / ACCESSWIRE / March 9, 2022 / Mexus Gold US (OTC PINK:MXSG) ("Mexus" or the "Company) announced that it has shipped 2 tons of activated carbon to a US refinery at a time when spot gold is over $2,050 per ounce. The shipment was sent March 8^th and is expected to be processed by March 21^st. Mexus believes this batch of activated carbon will substantially exceed previous sales marking a step up in revenue growth. The company is loading an additional 2 tons of activated carbon in the expanded recovery system. This batch of carbon should ship to the refinery by April 1^st once maximum saturation is reached.

"The company is in a good position right now as we are producing gold and are also speaking to potential JV partners. Sustained production at the current levels may allow the company to begin its own drilling program which would be optimal for shareholder returns." added Mexus CEO, Paul Thompson.

About Mexus Gold US

Mexus Gold US is an American based mining company with holdings in Mexico. The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico. Mexus also owns rights to the Ures property located 80km N of Hermosillo, Mexico. This property contains 6900 acres and has both gold and copper on the property. Founded in 2009, Mexus Gold US is committed to protecting the environment, mine safety and employing members of the communities in which it operates.

For more information on Mexus Gold US, visit www.mexusgoldus.com.
Mexus Gold US (775) 721-9960. Paul Thompson Sr

Cautionary Statement

Forward looking Statement: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

SOURCE: Mexus Gold US

View source version on accesswire.com:
https://www.accesswire.com/692178/Mexus-Continues-Producing-Gold-Ships-Activated-Carbon-To-Refinery

FAQ

What recent shipment did Mexus Gold US announce on March 9, 2022?

Mexus Gold US announced the shipment of 2 tons of activated carbon to a US refinery.

What is the significance of the gold price in relation to Mexus Gold US's recent announcement?

The announcement coincides with gold prices surpassing $2,050 per ounce, potentially enhancing revenue.

When is the expected processing date for the activated carbon shipment?

The shipment is expected to be processed by March 21, 2022.

What future plans did CEO Paul Thompson mention for Mexus Gold US?

He mentioned the possibility of starting their own drilling program to optimize shareholder returns.

What additional shipment does Mexus Gold US plan after the initial 2 tons of activated carbon?

Mexus plans to load another 2 tons of activated carbon by April 1, 2022.