Mr. Jack Stoch reports
GLOBEX: JANUARY ZINC ROYALTY PAYMENT CDN $220,180
Globex Mining Enterprises Inc. has informed shareholders that Globex has received a zinc royalty payment of $177,179 (U.S.) from Nyrstar for January, 2018, production at the Mid Tennessee mines based upon an average zinc price of $1.56 (U.S.) per pound.
Globex understands that the Mid Tennessee mill is at or near full capacity. The monthly royalty payment is based upon among other things, the amount of ore mined and milled and the average monthly price of zinc. The current zinc price is $1.60 (U.S.) per pound.
This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.
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