QMX, Armistice get regulatory nod for custom milling agreement
TORONTO (miningweekly.com) – Toronto-listed junior QMX Gold has received regulatory approval from the Quebec government to proceed with custom milling ore from the McGarry mine, which is owned by fellow TSX-listed miner Armistice Resources.
QMX and Armistice were now making final preparations for QMX's Aurbel mill to receive ore transported by Armistice from the McGarry mine in the next few weeks.
Under the terms of the agreement, QMX would be responsible for the handling, milling and refining of ore and tailings disposal from ore delivered by Armistice. The term of the agreement is for a minimum of one year and a minimum of 30 000 t of ore.
Armistice had an initial 10 000 t of development ore ready in stockpile to be shipped. Subsequent deliveries would be made in amounts of about 5 000 t/m.
"Now that regulatory approval has been received, we have begun preparations to receive the initial shipment of ore from Armistice, expected by mid-July. We look forward to working with Armistice under this mutually beneficial agreement that provides the necessary ore processing for Armistice and incremental cash flow for QMX Gold,” QMX president and CEO Francois Perron said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation