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Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around... see more

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Gold X Mining Corp. > why

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Post by likeike on May 20, 2021 5:49pm

why

With the purchase of Gold X and part of Denarius Silver Corp, what results do you expect to obtain?
We made the purchase of Gold X to diversify the assets we have in Colombia and some in Canada.
The purchase of Gold X is due to the fact that it is a huge deposit in an environmentally friendly country and it is a project that we expect, with an investment of US$340 million or US$350 million, to produce some 160,000 ounces per year over a period of three years (in 2024)
In other words, this acquisition would make us one of the most important companies in Latin America in gold production.
We are in the process (via Denarius Silver Corp.) of acquiring a company that will have a deposit in Spain, in the region of Andalusia, in the Lomero-Poyatos project.

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