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Perron Gold Mine Phase 1 feasibility study shows 147,000 oz/year at $910/oz AISC with $1.13B NPV and 114.6% IRR.

Company Fundamentals
13 Apr 2026
Newsfile Corp
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Bullish
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Amex Exploration's feasibility study for Perron Gold Mine Phase 1 projects average annual gold production of 147,000 ounces at a low all-in sustaining cost of $910 per ounce. The project has a post-tax net present value of CAD$1.13 billion and an internal rate of return of 114.6%, with a payback period of just 0.5 years, based on a gold price of $3,500/oz. Phase 1 includes underground mining and toll milling, targeting production start in 2028, with plans to expand in Phase 2 including on-site milling. The study highlights a low initial capital cost of CAD$193.9 million and strong cash flow generation, positioning Perron as a high-margin, low-risk gold development opportunity.

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