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Amex Exploration's Perron Gold Mine Phase 1 feasibility shows strong economics with 147,000 oz/year at $910/oz AISC.

Company Fundamentals
13 Apr 2026
Newsfile Corp
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Bullish
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Amex Exploration announced a positive feasibility study for Phase 1 of its Perron Gold Mine in Quebec, projecting average annual gold production of 147,000 ounces over five years at an all-in sustaining cost of $910 per ounce. The project features a low initial capital cost of CAD$193.9 million and a rapid payback period of 0.5 years, with a post-tax IRR of 114.6% and NPV of CAD$1.13 billion based on a gold price of USD$3,500/oz. Phase 1 uses underground mining and toll milling to accelerate production, targeting revenue by 2028, while exploration and development for Phase 2 continue. This staged approach leverages existing infrastructure to reduce risk and capital intensity, positioning Perron as a high-margin, low-cost gold producer with strong cash flow potential.

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