QMX Gold has made substantial progress in repositioning the Company by strengthening its financial position, management team and Board, and is now resuming exploration activities on its extensive land package in the Val d'Or mining camp. Material updates include: Private placement financing of up to $6.0 million, consisting of $4.5
TORONTO, ONTARIO--(Marketwired - Jun 17, 2016) - QMX Gold Corporation ("QMX" or the "Company") (TSX VENTURE:QMX) announces that Mr. Fred Leigh and Mr. Bruce Humphrey have been appointed as directors of QMX. Robert Bryce, director of the Company, has stepped down effective immediately. Mr. Leigh has been involved in the junior resource sector for [...]
Estimating 7,000 oz of gold production from Herbin in 2016 TORONTO, ONTARIO--(Marketwired - Jan 13, 2016) - QMX Gold Corporation ("QMX") (TSX VENTURE:QMX) is pleased to announce that it has entered into a four year custom milling agreement for the Aurbel Gold Mill, Val d'Or with Gold Bullion Development Corp. ("GBB") (TSX VENTURE:GBB). The [...]
TORONTO, ONTARIO--(Marketwired - Sep 29, 2015) - QMX Gold Corp. (TSX VENTURE:QMX)("QMX Gold", "QMX" or the "Company") wishes to outline its upcoming operational plans, including the discovery and way forward on several new production targets, on its extensive land-package in Val d'Or, Quebec. Along with the focus on exploration and discovery on its [...]
TORONTO, ONTARIO--(Marketwired - Aug 13, 2015) - QMX Gold Corp. (TSX VENTURE:QMX)("QMX Gold" or the "Company") is pleased to announce that it has made the final payment on the loan facility with Third Eye Capital ("TEC"). QMX Gold has requested the release and discharge of all security held in relation to the facility now that the terms of the debt [...]
Toronto, Ontario / TheNewswire / July 16, 2015 - QMX GOLD CORPORATION (TSXV:QMX)("QMX Gold" or the "Company") announces that the Board of Directors has accepted the resignation of Brett New as President and Chief Executive Officer of QMX Gold to pursue new opportunities. David Rigg, Chairman of QMX Gold has been appointed as Interim President and [...]
TORONTO, ON / ACCESSWIRE / June 2, 2015 / QMX Gold Corp. (TSXV:QMX)("QMX" or the "Company") is reporting first quarter 2015 production of 4,287 ounces of gold from the Lac Herbin mine in Val D'Or, Quebec. The Company generated revenue of $4.6 million on the sale of 2,686 ounces of gold at an average realized price of $1,425 per ounce. All figures [...]
QMX Gold has successfully renegotiated the terms of the loan facility held by Third Eye Capital to address the balance outstanding following the sale of the Snow Lake Project to a subsidiary of Hudbay Minerals. In order to satisfy the debt obligation, QMX Gold and TEC have agreed upon a payment schedule whereby the Company will make certain [...]
Toronto, Ontario / TheNewswire / May 5, 2015 - QMX Gold Corp. (TSXV:QMX)("QMX Gold" or the "Company") has completed the sale of the Snow Lake Project located in Snow Lake, Manitoba, to a wholly-owned subsidiary of Hudbay Minerals Inc.("Hudbay"). In consideration for the Snow Lake Project, Hudbay has paid US$12.3 million in cash and has agreed to a [...]
COMPANY REDUCES BRIDGE LOAN BY $3.9 MILLION PRIOR TO CLOSING SNOW LAKE AGREEMENT Toronto, ON / TheNewswire / May 1, 2015 - QMX Gold Corp. (TSXV:QMX)("QMX" or the "Company") produced a total of 20,503 ounces of gold from its Lac Herbin mine in Val D'Or, Quebec in 2014, in excess of the revised production guidance of 18,000-19,000 ounces of gold. All [...]
Toronto, ON / TheNewswire / April 17, 2015 - QMX Gold Corp. (TSXV:QMX)("QMX Gold" or the "Company") has entered into a definitive agreement to sell its Snow Lake Project, located in Snow Lake, Manitoba, to a wholly-owned subsidiary of HudBay Minerals Inc.("Hudbay"). Under the terms of the agreement, Hudbay will acquire 100% of QMX Gold's interest [...]
Toronto, Ontario / TheNewswire / March 19, 2015 / QMX Gold Corp. (TSXV:QMX)("QMX Gold" or the "Company") has concluded underground mining activity at its Lac Herbin Mine as it previously announced in a press release dated July 16, 2013. All broken ore has been brought to surface and the Company expects to complete the milling of surface stockpiles [...]