NEXT10 Completes Phase One Investment at Panuco, Targets 120 oz Monthly Gold
NXTN filed a Product Development and Regulatory on light trading volume (0.3× avg).
Summary
NEXT10 has completed its Phase One investment at the Panuco mining operation, deploying a second tranche of capital after the initial $505,000 investment. Management now targets approximately 120 ounces of monthly gold production, up from the initial production that began in August 2026. The company is also preparing for copper production by end of 2026 and plans to approve an exploration drill plan at the Copper Belt site. This follows the September 23 announcement of first gold production at Panuco, marking a progression from rehabilitation to expansion. The news is material for a micro-cap miner as it quantifies near-term production goals and outlines the next phase of development.
At the time of this announcement, NXTN was trading at $0.60 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $126.5M. The 52-week trading range was $0.01 to $2.95. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.