Welcome to our dedicated page for Amex Gold Mining news (Ticker: AMXEF), a resource for investors and traders seeking the latest updates and insights on Amex Gold Mining stock.
Amex Exploration Inc. develops and explores gold projects in the Abitibi Greenstone Belt, with news centered on the Perron gold project in Québec and Perron West in Ontario. Company updates commonly cover drill results, grade-control work, bulk-sample permitting, feasibility-study economics, toll-milling development plans, and exploration targeting across its gold and VMS prospective land package.
Amex Gold Mining (AMXEF) has completed the portal and blasted the first underground development round at its 100%-owned Perron Gold Project in Quebec, marking the start of underground ramp development.
The contractor CMAC-Thyssen has begun advancing the ramp toward a planned vertical depth of approximately 235 metres to access the high-grade Champagne Zone and support a planned 40,000-tonne bulk sample program. The bulk sample is intended to provide data on mining conditions, grade continuity, dilution, reconciliation and metallurgical performance, while helping to de-risk potential future development. The portal and ramp are being built to production-scale specifications. Ongoing ramp advancement is expected to generate a series of operational milestones as development progresses toward the Champagne Zone.
Amex Gold Mining (OTCQX: AMXEF) filed a Project Notice for the proposed Perron Gold Mine with Québec’s MELCCFP, formally starting the provincial environmental assessment process and advancing the high-grade Perron Gold Project toward potential commercial production.
The Project Notice outlines the planned underground mine, surface infrastructure, environmental context and overall design. According to Amex, Québec will next issue a directive defining requirements for the Environmental Impact Assessment, which the company has already begun preparing via baseline studies, engineering work and stakeholder engagement. The mine plan is based on a positive Feasibility Study envisioning Phase 1 proven and probable reserves of 1,989 Mt at 12.1 g/t, low initial capital of $193.9M, average annual production of 147,000 oz Au at an AISC of US$910/oz, and pre-tax/after-tax NPVs of $1,976M and $1,127M respectively (gold price assumption US$3,500/oz, FX 1.38). The study shows pre-tax and after-tax IRRs of 160.4% and 114.6%, cumulative pre-tax and after-tax undiscounted free cash flow of $2,492M and $1,436M, and rapid payback periods of 0.4 and 0.5 years.
In parallel, Amex is advancing construction of a fully permitted 40,000-tonne bulk sample program to collect geological, metallurgical and operational data. The Perron Project comprises 183 claims over 65.72 km² in northern Quebec, with a broader district-scale land package of 570.94 km² when adjacent projects are included.
Amex Gold Mining (OTCQX: AMXEF) announced the successful completion of all drill and blast work for construction of the bulk sample portal at its Perron development site in northwestern Quebec. This first major construction milestone will enable underground access for the planned 40,000 tonne bulk sample program, aimed at gathering geological, geotechnical, metallurgical, and operational data and further validating the high-grade Perron Project.
The portal contractor has begun excavating blasted material, and the underground mining contractor is expected to mobilize shortly to install ground support and start ramp development. The portal and related infrastructure are expected to be integrated into a future commercial mine, subject to permitting. The 100%-owned Perron land package spans 65.72 km² in Quebec and 570.94 km² when combined with adjacent Ontario properties.
Amex Gold Mining (OTCQX: AMXEF) has retained CMAC-Thyssen Mining Group as underground mining contractor for its planned 40,000-tonne bulk sample at the wholly owned Perron Gold Project in northwestern Québec. CMAC’s mobilization is expected in late July 2026, with underground development to follow.
The bulk sample aims to generate operational, technical and metallurgical data to confirm assumptions used in the feasibility study, validate mining methods and refine mine planning. Amex continues to advance supporting infrastructure, including electrical distribution, water management, surface facilities and portal construction, with the first portal blast targeted for mid-July 2026.
Amex Gold Mining (OTCQX: AMXEF) reported continued progress on construction for its 40,000-tonne underground bulk sample at the Perron Gold Project in Quebec. Key updates include completed infrastructure pads, installation of temporary facilities, arrival and installation of the water treatment plant, and selection of the underground portal construction contractor.
Portal construction is planned to start the week of July 6, 2026, with underground mining contractor mobilization targeted for late July 2026. Connection to Hydro-Québec’s grid is anticipated later in 2026 or early 2027, and the bulk sample will be mined from the Champagne Zone.
Amex Exploration (OTCQX: AMXEF) will change its name to Amex Gold Mining, effective at market open on July 3, 2026. The TSX Venture Exchange listing will reflect the new bilingual name.
The change follows key permits and a positive feasibility study for Phase 1 production at the Perron Gold Project. Stock symbols stay the same, with new CUSIP 03114D108 and ISIN CA03114D1087. No share consolidation or shareholder action is required.
Amex Exploration (OTCQX: AMXEF) filed its NI 43-101 Phase 1 Feasibility Study technical report for the wholly owned Perron gold project in Quebec.
Highlights include 774,500 oz of Proven and Probable reserves, average annual production of 147,000 oz, post-tax NPV(5%) of C$1.13B, IRR of 114.6%, initial capex of C$193.9M, 0.5-year payback, and life-of-mine AISC of US$910/oz.
Amex Exploration (OTCQX: AMXEF) has begun a 15,000 m maiden drill program at the Perron West Project in Ontario, with the first of two rigs mobilized and a second rig expected shortly. The Company now controls a contiguous 570.94 km2 land package across the Abitibi Greenstone Belt. Amex also engaged SRC Swiss Resource Capital under a 12-month IR agreement at 6,000 CHF/month, subject to TSXV approval. Qualified Persons note targets are conceptual and require further work to determine any mineral resources.
Amex Exploration (OTCQX: AMXEF) released a Phase 1 feasibility study for the 100%‑owned Perron gold project on April 13, 2026. Phase 1 targets average annual production of 147,000 oz at an AISC of US$910/oz, with initial CAPEX of CAD$193.9M and sustaining CAPEX of CAD$238.2M. The study reports an after‑tax NPV(5%) of CAD$1.13B, after‑tax IRR of 114.6%, and a 0.5 year after‑tax payback, assuming a gold price of US$3,500/oz.
Phase 1 uses a 1,100 tpd toll‑milling contract over five years, with Proven & Probable reserves of 1,989 kt at 12.1 g/t (774 koz).
Amex (OTCQX: AMXEF) released a Phase 1 feasibility study for the 100%-owned Perron gold project on April 13, 2026. Phase 1 targets average annual production of 147,000 oz at an AISC of US$910/oz, with initial CAPEX of CAD$193.9M and after-tax NPV5 of CAD$1.13B.
The plan is a 2-year pre-production ramp into 5 years of commercial underground mining with toll milling (targeting revenue in 2028), Proven and Probable reserves of 1,989 kt at 12.1 g/t (774 koz contained) and after-tax IRR of 114.6%.