Mexus Gold Production Continues; Potential Agreement With Mining Partner

Rhea-AI Summary

Mexus Gold US (OTCQB:MXSG) sold gold at $1,800 per ounce from material sent to the refiner on December 8, 2021. The company has invested time and resources updating its deep submersible pump and leach pad sprinkler pump in preparation for production and exploration expansion. CEO Paul Thompson stated that Mexus is negotiating with a mining/exploration company concerning one of its properties, anticipating an agreement by January 7, 2022. Mexus operates in Mexico and is focused on environmentally responsible mining practices.

Positive

• Sold gold at $1,800 per ounce, indicating strong market performance.
• Investments in key equipment updates to support production expansion.
• Negotiating potential partnership for future growth in operations.

Negative

• None.

CABORCA, MEXICO / ACCESSWIRE / December 20, 2021 / Mexus Gold US (OTCQB:MXSG) ("Mexus" or the "Company) announced that the company recently sold gold at $1,800oz from the material sent to the refiner on 12/8/2021.

The company has been busy over the last month updating a deep submersible pump, a large carbon filter pump, and the leach pad sprinkler pump. This time consuming and costly endeavor was necessary for production and exploration expansion.

"Mexus is currently in good faith negotiations with a mining/exploration company for one of its three properties. We expect to have an agreement by January 7th, 2022." added 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/678512/Mexus-Gold-Production-Continues-Potential-Agreement-With-Mining-Partner

FAQ

What gold price did Mexus Gold US report in December 2021?

Mexus Gold US reported a gold sale price of $1,800 per ounce in December 2021.

When does Mexus Gold US expect to finalize negotiations with a mining partner?

Mexus Gold US expects to finalize negotiations by January 7, 2022.

Which projects does Mexus Gold US focus on in Mexico?

Mexus Gold US focuses on the Santa Elena mine and the Ures property in Mexico.

What recent updates has Mexus Gold US made to its operations?

Mexus Gold US updated a deep submersible pump, a carbon filter pump, and a leach pad sprinkler pump.