Sunday, August 24, 2025

Latest

Newlox Gold Continues To Scale Operations

Newlox Gold Ventures Corp (CSE: LUX) this morning provided a brief update on its production facilities located in Costa Rica. The firms first facility, simply referred to as Project 1, has reportedly seen its highest level of productivity to date.

Productivity is reportedly accelerating according to plan, with the firm having transitioned to commercial operation earlier this year. The first plant, at full capacity, will be able to process 80 tonnes per day of feedstock that is expected to result in 6,500 ounces of gold production on an annualized basis. The first remediation and precious metal production facility is believed to be on path to full-scale operations by the end of the first quarter.

Commissioning of Plant 2, which has also gone by the name of the Boston Project, is progressing to plan as well, with commissioning set to officially start in the second quarter with full-scale operations slated to be underway before the years end. At full capacity, the facility will be capable of processing 150 tonnes of feedstock per day for an annualized yield of 20,000 ounces of gold. Further details are to be released in the near term in relation to development progress.

“We are delighted to report that Newlox Gold’s first environmental remediation and precious metals recovery plant has attained its highest level of productivity to-date. While current market conditions show some weakness, we believe that Newlox benefits from a core group of highly supportive shareholders who have great conviction over the long term. Although the gold price is down, it is significantly above the levels applied in our economic models and remains far above our requirements to grow the business.

We are at an early stage in advancing our growth strategy, and we are looking forward to delivering quarter-after-quarter of growth not only from Project 1, but also from the upcoming Project 2, and further from a robust pipeline of expansion opportunities currently in due diligence.”

Ryan Jackson, CEO of Newlox Gold

Newlox Gold Ventures last traded at $0.245 on the CSE.


FULL DISCLOSURE: Newlox Gold Ventures Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Newlox Gold Ventures Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Sandstorm Gold Fades Into Royal Gold Merger

Equinox Gold Q2 Earnings: Back On Track

G Mining Q2 Earnings: Costing Gone Wild

Recommended

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

ESGold Signs MOU For Tailings Project In Colombia With Grades Up To 42 g/t Gold, 280 g/t Silver

Related News

It’s Early Yet; Grading Discovery Hunters Pt. 2: Golden Lake Exploration

Part one of this series about early-stage, discovery-oriented company archetypes focused on Nexus Gold, and...

Thursday, August 13, 2020, 04:01:00 PM

New Found Gold Sees Eric Sprott Take Down Entire $15.0 Million Flow Through Financing

New Found Gold (TSXV: NFG) is looking to raise further funds. The company this morning...

Thursday, March 18, 2021, 08:31:42 AM

Gold Continues Descent Following Powell’s Hawkish Stance

Gold prices continued their downward slide on Thursday, after plummeting by the most in over...

Friday, January 28, 2022, 03:40:00 PM

Montage Gold Indicates IRR Of 31% For Kone Project In PEA

Montage Gold Corp. (TSXV: MAU) shared today the results of its preliminary economic assessment for...

Tuesday, May 25, 2021, 09:11:19 AM

GMV Minerals Completes First Half Of Ongoing Drill Program

GMV Minerals (TSXV: GMV) this morning provided the market with an update on its ongoing...

Tuesday, September 21, 2021, 07:46:29 AM