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Amex Exploration ( (TSE:AMX) ) has provided an update.
Amex Exploration Inc. has released an updated Preliminary Economic Assessment (PEA) for its Perron gold project, highlighting strong economic potential with a post-tax IRR of 70.1% and a post-tax NPV of C$1,085 million at a gold price of US$2,500/oz. The project will follow a two-stage production strategy, starting with a four-year toll milling operation and transitioning to an on-site processing plant. This approach is designed to minimize risks, reduce upfront capital, and capitalize on current high gold prices, potentially enhancing shareholder value and positioning Amex favorably within the mining industry.
The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$2.80 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 TSE:AMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.
Amex Exploration’s overall score reflects its speculative nature as a gold exploration company reliant on equity financing. While the company benefits from a strong balance sheet with no debt, significant challenges remain in revenue generation and cash flow. The technical indicators show moderate momentum, and recent strategic expansions could enhance its operational footprint. However, the high P/E ratio and absence of earnings limit valuation attractiveness.
To see Spark’s full report on TSE:AMX stock, click here.
More about Amex Exploration
Amex Exploration Inc. is a mining company focused on the exploration and development of gold projects. Its primary project is the Perron gold project located in Quebec, Canada, which aims to leverage high-grade gold deposits and existing regional infrastructure to optimize production and economic returns.
Average Trading Volume: 121,363
Technical Sentiment Signal: Buy
Current Market Cap: C$339.4M
See more data about AMX stock on TipRanks’ Stock Analysis page.