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Newlox Gold Ventures Corp C.LUX

Alternate Symbol(s):  NWLXF

Metals & Mining Gold
Newlox Gold Ventures Corp. is a Canada-based environmental reclamation and mineral recovery company. The Company is engaged in the business of operating tailings remediation and gold recovery facilities in Costa Rica. The Company is focused on developing gold projects through precious metals recovery from mining waste. The Company produces gold through environmental remediation by recovering residual precious metals and contaminants from historical tailings. The reclamation process is designed to provide environmental remediation and gold production. The Company’s wholly owned subsidiary, Oro Roca, S.A., has built an environmental reclamation facility in Central America.


CSE:LUX - Post by User

Newlox Gold Ventures Corp > Q1 and Q2 Filings
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Comment by Yepnewpapyon Dec 17, 2024 11:24am
45 Views
Post# 36366293

RE:RE:RE:RE:Q1 and Q2 Filings

RE:RE:RE:RE:Q1 and Q2 FilingsThank you BuckProfit...very interesting post
Looking at LUX financial the CostaRica operation is not profitable
Nice concept but no profit
Good recovery rate but no profit
Is LUX paying too much for gold or is grade too low  or a combo ???

I doubt that exporting the business model to Columbia will resolve the situation unless the profitability problem is resolved. 

Distance between Antioquia and Medellin 66km

https://travel.gc.ca/destinations/colombia 

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