CMX Gold & Silver (CSE:CXC,OTC:CXXMF) is an exploration and development mining company, focused on Idaho’s historic gold and silver assets. The company’s flagship project is the Clayton Silver Mine, a past-producing asset that operated for 50 years and has historically mined over two million tonnes of ore. CMX Gold & Silver also has a stockpile of at least 500,000 tonnes of rock and plans to generate cash flow in 2023 by processing the stockpile. The company has a strong capital structure with no legacy or sweat equity debt.
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Company Highlights
- CMX Gold & Silver is an exploration and development mining company focused on revitalizing a past-producing mine to benefit from known mineralizations and existing infrastructure.
- The Clayton Silver Project has historically produced over two million tonnes of ore, and a stockpile of 500,000 tonnes of rock remains on the property.
- The previous miners operated for 50 years and followed a main vein system, which was sufficient for their goals. However, CMX believes other vein systems are present that will create additional opportunities.
- A strong management team with decades of experience in the mining industry builds confidence for the project and the team’s ability to capitalize on the flagship asset.
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