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FAQ: CMX Gold & Silver Corp. and Its Clayton Silver Project
CMX Gold & Silver Corp., an exploration-stage company advancing its wholly owned Clayton Silver Project in Idaho, is positioning itself to benefit from long-term physical silver demand amid precious metals market volatility driven by derivatives trading. The company also adopted semi-annual financial reporting to reduce costs and focus resources on project advancement.
CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is an exploration-stage company advancing the wholly owned Clayton Silver Project in Idaho, which includes the historic Clayton silver-lead-zinc mine.
The company believes the Clayton Silver Project could benefit from long-term demand for physical silver, especially as market volatility increases due to derivatives trading that can skew prices and increase leverage.
CMX adopted semi-annual financial reporting in place of quarterly reporting to reduce administrative costs, allowing management to devote more time and resources to advancing the Clayton Silver Project.
The Clayton Silver Property is located in Custer County, south-central Idaho, USA, on approximately 684 acres.
The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface with approximately 19,690 feet of underground development. Two major ore bodies, the South Ore Body and the North Ore Body, were partially mined.
The latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF.
The article was disseminated on behalf of CMX Gold & Silver Corp. by InvestorWire, a specialized communications platform and part of the InvestorBrandNetwork (IBN).