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Globex Zinc Royalty Revenue

 

The amounts listed below are the monthly royalty payments received by Globex Mining Enterprises Inc. from Nyrstar NV as per Globex’s zinc production royalty on the Mid Tennessee Mines.  The royalty will vary from month to month based upon among other things the zinc price, the number of tonnes mined and processed, the grade of the material processed, the zinc recovery, disruptions caused by equipment breakdowns, maintenance, labor disruptions, power outages, to name a few potential factors. 

The Globex Royalty is also based upon the monthly average zinc price as follows:  zinc price less than US$0.90/lb (no royalty), zinc price between US$0.90/lb and US$1.10/lb - 1% Gross Metal Royalty, zinc price above US$1.10/lb - 1.4% Gross Metal Royalty. 

The mine and mill entered production in May of 2017.

 

Pay Period Payment (US$)
May & June 2017 $150,272
July 2017 $96,081
August 2017 $91,444
September 2017 $93,954
October 2017  

Mid-Tennessee Deposit

Mid-Tennessee Deposit - Zinc Royalty

Gordonsville, Tennessee, USA

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