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Update on the Increasing Value in Globex
Globenewswireยท 2025-09-11 13:00
Core Viewpoint - Globex Mining Enterprises Inc. has provided an update on its financial, royalty, and property portfolios, highlighting significant growth in its financial assets and ongoing developments in its royalty and optioned properties [1][2]. Financial Portfolio - The financial portfolio is valued at approximately $34.73 million, reflecting an 8% increase since the end of Q2 2025 [5][6]. - The portfolio includes 31% in senior liquid precious metal equities, 13% in junior and mid-tier mining names, 29% in fixed income instruments, and 26% in cash [5]. - The gold price has increased by 45% or $1,133 per ounce over the past year, with the S&P/TSX Global Gold Index rising by 86% [3]. - Globex's stock has increased by 69% year-over-year, but only 3% since the end of Q2 2025, while Agnico Eagle Mines Ltd. rose by 29.8% in the same period [3]. Royalty Portfolio - The royalty portfolio includes 110 royalties, with 61 focused on gold projects, and continues to gain value through active drilling on properties such as the Kewagama Claims [1][6]. - Radisson Mining Resources reported high-grade gold intercepts on Globex's Kewagama royalty claims, which is expected to be favorable for Globex [10]. - Cartier Resources has initiated a 100,000-meter drill program on its Cadillac property, which includes Globex's royalty claims [10]. Optioned Property Portfolio - Globex has consolidated its ownership of the Blackcliff gold property from 50% to 100% and staked the Salt Spring gold property in Arizona [6][10]. - Option payments and property sale payments received in 2025 total $3.65 million in cash and $666,895 in shares [1]. - Partners have been actively drilling and increasing resources on optioned properties, such as Antimony Resources at the Bald Hill project and Emperor Resources at the Duquesne West gold project [6][10]. Recent Developments - The company is planning drilling on its Lyndhurst base metal property and Rouyn Merger Gold property, with approximately 1,000 meters planned for each [13]. - Globex continues to assess potential work programs and compile historic data on other properties to generate drill targets [13].