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An update from Amex Exploration ( (TSE:AMX) ) is now available.
Amex Exploration has delivered a positive Phase 1 feasibility study for its 100%-owned Perron Gold Mine in Quebec, outlining a low-cost, high-grade underground operation using toll milling of the Champagne Zone. The plan forecasts average annual production of 147,000 ounces of gold over five years at an all-in sustaining cost of USD$910 per ounce, supported by proven and probable reserves of 774,000 ounces at 12.1 g/t and a low initial capex of CAD$193.9 million.
The study indicates robust economics, including a post-tax IRR of 114.6%, post-tax NPV5 of CAD$1.13 billion and a rapid 0.5-year payback, based on an assumed gold price of USD$3,500 per ounce. By leveraging existing regional processing infrastructure through a toll milling strategy, Amex aims to accelerate first revenue to 2028, reduce permitting and financing risk, and position Perron as a high-margin producer while it advances Phase 2 on-site processing and continues district-scale exploration to potentially expand the mineral resource.
The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$6.75 price target. To see the full list of analyst forecasts on Amex Exploration stock, see the TSE:AMX Stock Forecast page.
Spark’s Take on AMX Stock
According to Spark, TipRanks’ AI Analyst, AMX is a Neutral.
The score is driven primarily by weak financial performance (pre-revenue, widening losses, and negative free cash flow) partly offset by a strong debt-free balance sheet. Technicals are a positive contributor due to a strong uptrend, though momentum looks overbought. Valuation is constrained by ongoing losses and no dividend support.
To see Spark’s full report on AMX stock, click here.
More about Amex Exploration
Amex Exploration Inc. is a Canadian mineral exploration and development company focused on high-grade gold projects in Quebec’s Abitibi region. Its flagship Perron Gold Mine property spans over 600 km² and targets both high-grade gold and VMS mineralization, with plans for multi-phase development that includes underground and future open-pit operations.
Average Trading Volume: 162,675
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$594.5M
For a thorough assessment of AMX stock, go to TipRanks’ Stock Analysis page.