Amex Exploration Inc

Dumas says Precore Gold's technical advisor, who helped evaluate the Arequipa project and passed away suddenly in February 2026, was a founder of Amex Exploration and made several discoveries during his career.

Precore Gold's re-rating hinges on one 6,000-meter drill program at its Arikepay gold-copper project in southern Peru. Untested since 2017, historical drilling hit 420 meters at 0.91 grams gold per tonne, with 80 meters above 3 grams. A gold envelope 400 meters wide and three kilometers long stays untested, with historic collars spaced 500 meters to a kilometer apart. Crown land and a four-stage permit process keep permitting straightforward, with no Indigenous negotiations required. A $6 million private placement lifted shares outstanding to 63 million; management refused to upsize it to protect dilution.

John Florek: Every Single Drill Hole Has Hit Gold Since 2023

VRIC Media

14 days ago 40:01

Key Highlights

The guest cites Amex Exploration as the precedent for how a team identifies a deposit footprint and carries it to 1.5 to 2 million ounces, the stage he wants Duquesne West to reach.
His drill-metre figure for that precedent is inconsistent, going from six million, seven hundred thousand meters to five to seven hundred thousand, and he uses the comparison to argue Emperor is only about 15% drilled in.

Emperor Metals paid for this interview, so every project figure here is the company's own promotional case, not independent verification. The guest says machine-learning grade models added 20% more gold through Detour Lake's mill at the same rock tonnage. Lac Pelletier sits at 227,000 ounces; the guest targets 400,000 and pushed production to late 2028 after a Quebec engineer strike. Duquesne West's 1.46 million ounces are all inferred; the guest's deeper vision shifts from three-to-five million ounces to two-to-three times, then three-to-ten. Treasury holds about $5 million, drilling restarts mid-October, and roughly 40% of the last program's assays remain outstanding.

Building the $500M-a-Year Gold Mine | Victor Cantore - Amex Gold Mining

The Deep Dive

20 days ago 12:15

Key Highlights

The guest argues the phase one feasibility study shows ~$500M/yr of pre-tax free cash flow over five years of mining the Champagne zone (~$2.492B total), with all-in sustaining costs of $910/oz and a half-year payback period.
The Champagne zone hosts 774,000 ounces at 16 g/t in a vertical body, which the guest contends is an unusually high grade compared with peers seen at the Beaver Creek summit.
A 40,000-ton bulk sample (~$60M, with ~$40M already sunk toward the $194M phase one capex) is fully permitted and ramping; at a $4,000/oz assumption it is expected to produce ~25,000 oz and ~$135M, plus ~$68M of pre-production revenue.
The project sits in Quebec 6.5 km from a hydroelectric substation at $0.055/kWh, with the guest citing strong First Nations and community support and a phase two feasibility study targeted for 2029–2030.
Eldorado Gold owns 27% as an approved control person since June, which the guest frames as validation from a mid-tier producer whose 27% stake implies a strategic view on the asset.

Amex Gold Mining is fully permitted for a 40,000-ton bulk sample at its Quebec Perron project, with capex covered before commercial production. The Champagne Zone averages 16 g/t gold over 774,000 ounces in a vertical orebody where gravity does the work. Phase One all-in sustaining costs land at US$910 per ounce, with payback inside six months once bulk sample revenue is included. Eldorado Gold holds 27% as a control person, signaling strategic validation from a mid-tier producer heading toward one million ounces annually. Quebec's hydroelectric grid plugs the project in at 5.5 cents per kWh, keeping power costs among the lowest in the world.

Lab Report | Sep 21 Deep Dives on Amex Gold, Radisson, Kingfisher, and Nine Mile Metals

22 days ago 50:29

Key Highlights

The host reports Amex has completed more than 75 metres of underground decline development at the Perron project, sized to serve both the planned bulk sample and phase-one mining.
He argues the 40,000-ton bulk sample from the high-grade Champagne Zone, which he says runs about half an ounce per ton, should generate substantial revenue and free cash flow, by his quick math roughly 20,000 ounces.
He says the roughly $80 million financing covers bulk-sample costs and brings forward part of the roughly $194 million phase-one capex from the economic studies, reducing the eventual build cost.
On his Lassonde curve plot he places Amex about three-quarters of the way through late-stage development at a roughly $685 million Canadian valuation, with staged production to follow: off-site milling first, then a mill of its own.
He quotes CEO Victor Cantore on steady underground progress alongside surface infrastructure work, including a mechanical shop, power line clearing and pole installation, and a water treatment plant pad.

Amex pushes Perron toward production: the dual-purpose decline serves a 40,000-ton bulk sample and phase-one mining, pulling development capital forward. Radisson keeps expanding bonanza-grade gold beneath the historic O'Brien mine — 68.24 grams per tonne over 6.2 metres — with Red Lake-style depth potential. Kingfisher hits visible gold beside its Hank porphyry — the heat engine of such systems — 8.8 metres of 20.33 grams gold plus silver and zinc. Nine Mile Metals drills two high-grade VMS zones (volcanogenic massive sulphide — metals deposited by ancient seafloor volcanoes) at the historic Wedge mine in New Brunswick. The host plots each junior on the Lassonde Curve — a stage map of mine development — weighing community sentiment, financings and strategic backers like Agnico Eagle.

Lab Report | Sep 10 Daily Market Overview & Deep Dive on Goliath, AMEX, and Talon

about 1 month ago 43:34

Key Highlights

The host highlights Amex's new Rose zone discovery at Perron, roughly 165 metres below surface near the fully financed ramp development, grading about 8 g/t gold over 4.3 metres.
He says NI 43-101 rules forced ultra-conservative modeling of the high-grade system, hammering the stock to about 80 cents after the resource estimate, and notes it has since recovered to almost $5 as of the video.
He describes a 40,000-tonne bulk sample at roughly half an ounce per tonne (about 20,000 oz) that, by reusing a mining-sized ramp and workings, brings forward $60 million of the $195 million phase one capex.
He argues Amex, valued under half a billion dollars, could reach $5 billion-plus as a 100,000 oz-plus Quebec high-grade gold mine producing for under $1,000 an ounce.
Seven or eight deposits sit within roughly a 1,000-metre radius and may form one system, so he expects mining at Perron to last more than one decade.

Structural hinges between sediment- and volcanic-hosted vein sets are handing Goliath Resources well-prepared rock for bulk underground mining scenarios. Resource estimates in high-grade systems must be ultra-conservative under NI 43-101 (Canada's mineral disclosure rules), hammering stocks — Amex recovered by fast-tracking a bulk sample. Talon Metals' 46.43-metre vault zone hit carries platinum, palladium, and gold grades rich enough to cover its nickel, copper, and cobalt costs. Bond yields approaching 5.5% against reported 3% inflation tell the speaker the bond market disbelieves official statistics — a perfect storm for gold. Most drilled anomalies shrink, but mines grow with more drilling — Goliath's wide step-outs keep expanding, the signature the speaker reads as a future mine.

Lab Report | Sep 2 Deep Dive on Radisson, Pirate Gold, KLDC, Amex Gold Mining, Contango

about 1 month ago 54:27

Key Highlights

Top takeaway: the host says Amex completing the Perron portal and starting a production-sized underground ramp is a rare 'unicorn' setup, because that same ramp is the one planned for phase one mining.
The ramp is being driven to pull a 40,000-ton bulk sample from a zone where drilling suggests about half an ounce per ton, which he argues gives a far more representative grade than small drill holes in a high-grade system.
Capex is already being sunk: of a roughly $198 million phase one budget, he estimates about $50 million is already spent, and the company is funded to complete the sample.
He praises the Champagne zone as an orogenic gold system with some of the best continuity he has seen, staying high grade from about 100 m below surface to more than 1,000 m depth without patchiness.
At a roughly $681 million valuation on the show date he argues the market does not reflect the quality of the asset, and that Amex is only now stepping into the development phase of the Lassonde curve.

Laboucan's filter is grade plus continuity: a high-grade hit only matters when the system keeps returning it as drilling advances. Radisson's 52.34 grams-per-ton gold hit over 3 meters in Quebec, and he plots it only 30% up the Lassonde curve. Pirate Gold's 299 meters of copper-equivalent mineralization after fewer than 15 holes points to a large, still-unresolved porphyry. Kirkland Lake Discoveries held the same gold system 700 meters west, which Laboucan values as more meaningful than the headline grade. With gold above $4,500 an ounce, cut-off grades and open-pit economics reset, and Laboucan argues old rules of thumb undervalue every project here.

Lab Report | Aug 13 Daily Market Overview & Deep Dive on AMEX, Pan American, Arizona, WRLG

2 months ago 49:23

Key Highlights

Top point: Amex Exploration filed the project notice for its proposed Peron gold mine, which CEO Victor Cantore calls another important step toward developing one of Canada's premier high-grade gold projects, and the speaker makes it the first of his four deep dives on Aug 13, 2026.
He says Peron grades are expected to exceed 10 grams per tonne of gold, and notes the project sits in Quebec about five minutes from a town that was built around nearby mines, which he frames as a rare mix of grade, existing infrastructure and a mining-friendly jurisdiction.
Peron would be Amex's first mine, starting with the Champagne zone: a near-vertical gold system that starts close to surface, runs more than 1,000 metres down and is still open at depth, which he argues would translate into straightforward open-pit or underground mining floor by floor.
Amex holds a permit for a 40,000-tonne bulk sample averaging about 14 grams per tonne near the top of the system, and he notes bulk samples normally only buy data, so this grade plus nearby mills should let the company earn money from the sample itself; the decline being built for it is production-sized, so he says the roughly $200 million phase-one cost is not spent twice and the staged $60 million from a $198 million program could be largely covered by gold in the sample.
He thinks the market still prices Amex as an explorer or feasibility-stage company, roughly halfway up the left side of his Lassonde curve rather than as a developer, with the bulk sample potentially finished in 2027 if permitting goes well and exploration still to come on both sides of the curve.

Laboucan argues algorithmic trading keys off the day's headline narrative, not longer-term reality, which creates an opening for investors who look past daily swings. Turning a discovery into a mine takes 20 to 30 years, so gold, silver and copper supply cannot respond quickly to rising prices. Free cash flow - the cash that actually reaches the bank - is Laboucan's preferred measure, ahead of accounting earnings, at producers large and small. Mapping each name on the Lassonde Curve, he finds all four priced earlier than their actual development stage, a gap he frames as the opportunity. His gold case leans on debt stress: the yen carry trade - cheap Japanese borrowing funding US debt - keeps needing intervention that never lasts.

Amex Exploration – Fully-Funded Pathway Towards Bulk Sample Mining and Production For 2027

3 months ago

Key Highlights

The CEO says the C$80 million private placement completed on June 18, 2026 fully funds the ~C$50 million bulk sample and the ~100,000-meter drill program, leaving Amex with a cash buffer and no need to go back to market.
First gold is targeted for the second half of 2027 from the permitted 40,000-tonne bulk sample, which Cantore expects to yield 23,000-28,000 ounces and roughly C$125 million of revenue - more than double the capex.
Because the bulk sample uses the same portal, decline and ramp as the mine plan, Cantore says about C$30 million (roughly 67% of its cost) counts toward the C$194 million Phase 1 capex, so the project is effectively paid for by the time commercial production starts in mid-2028.
The feasibility study outlines about 147,000 ounces a year over five years at roughly $910 all-in sustaining cost, which Cantore says implies close to $500 million a year of pre-tax free cash flow at $3,500 gold.
Exploration continues in parallel on a land package expanded from 45.6 to 570 square kilometers in the Abitibi greenstone belt, with a ~100,000-meter 2026 program running three drills in Quebec and two in Ontario and every known zone still open.

A C$80 million oversubscribed financing, with Eldorado Gold keeping its 27% stake, fully funds Amex's C$50 million bulk sample at Perron. Toll milling (paying a nearby plant to process ore) of 40,000 tonnes should yield 23,000-28,000 ounces, repaying the bulk sample's capital. Bulk sample development doubles as Phase 1 infrastructure — the same portal, decline, and ramp — cutting upfront capital for commercial production planned mid-2028. The feasibility study outlines 147,000 ounces annually at a $910 AISC (All-In Sustaining Cost — what it really costs to produce an ounce). A 100,000 meter drill program spans Quebec and Ontario while the renamed Amex Gold Mining transitions from explorer to producer.

Erik Wetterling – Deep Value Developers and Alpha Catalyst Explorers Build An All-Weather Portfolio

4 months ago

Key Highlights

Named with Blackrock Silver as a higher-grade project whose studies suggest it could absorb significant metal price drops and still look good.
He notes this lower metals-price leverage comes with fewer ripper bull-market years, and that market caps like Amex's do not appear to be pricing current metal prices.

Erik Wetterling argues for an all-weather junior mining portfolio built on company catalysts rather than metal price direction. High-cost producers offer the biggest upside in bull markets but carry the highest bankruptcy risk when sentiment falls. Test whether a project still works at lower prices: NPV (net present value, today's value of future cash flows) versus market cap. Single-project explorers risk a dilution spiral after a missed drill hole, so strong backing and third-party validators matter. Silver equities look discounted: many developers imply a $30 silver price while the metal trades near $70.

#102 Digging for Dollars #30 Talking our Portfolio and Top Picks

4 months ago 30:14

Key Highlights

Up 60% since Simon Mercaud's 'Dig This Deal' recommendation, per the mid-year scoreboard.
Named by a host among the portfolio developers that have done incredibly well; he says pitched developers have averaged around 70% gains.

Early private-market entries into juniors re-rated hard when they listed, beating flat TSX Venture and GDXJ benchmarks at mid-year. Sterling Metals' Batchawana Copper Belt consolidation shows why the hosts buy whole districts early instead of waiting for neighbors to prove up. Galantas Gold's $100 million raise shows how a large, well-supported financing lets a near-term producer reach cash flow without repeated dilution. With no senior tungsten producers, Allied Critical Metals' year-end pilot plant in Portugal offers juniors-only exposure to a quintupled price. Stagnant juniors with strong treasuries and intact teams remain the buys — own value before promotion arrives and prices move.

#100 Digging for Dollars #28 The Game Has Changed Dan Earle and Access to Capital In the Mining Sect

5 months ago 42:39

Key Highlights

The host says Amex is oversubscribed and had just raised at $4.50, announced the same day as this episode, as evidence that demand for good financings is still running ahead of supply.

Access to capital, once a junior miner's edge, is no longer an advantage now that participation in resource equities has broadened. Cost of capital has collapsed: Lundin Gold financed Frida del Norte near 20%, while juniors now issue bonds below 9%. Big raises remove junior mining's top risk — getting through the valley of death — which makes dilution a secondary worry. Dan Earle argues investors anchored to prior cycles misread today's deals; newcomers without fixed priors often perform better. Three rapid pitches: a Nevada producer with a $750M NAV second asset, a $6M Peru silver explorer, and a fresh copper find.

Dave Erfle – Technical Outlook & Investing Insights Around The Recent Pop Higher In The PM Sector

5 months ago

Gold's fundamental drivers remain strong despite geopolitical uncertainty, with central bank buying and sovereign debt supporting the long-term bullish thesis for precious metals. Technical analysis shows GDX and GDXJ breaking above the key 18-week moving average, but a successful retest of this level as support is needed to confirm the next leg higher. Dave Erfle demonstrates his systematic bull market playbook by trimming multi-bagger positions like Arizona Sonoran Copper to redeploy capital into new high-potential junior mining opportunities.

#99 Digging for Dollars #27 How to Win Over Europeans, Kai Hoffmann's “Must” for Junior Miners

5 months ago 43:04

Winning German retail investors takes years of consistent delivery: they are loyal, detail-oriented gold and silver buyers who reward juniors that keep their promises. A 'smear' is one narrow high-grade hit stretched across a wide interval; when the whole drill hole carries gold, the criticism does not apply. European investors anchor on a published resource estimate because few fund managers there have geology backgrounds, making measured numbers the shared language. Mogotes Metals' first holes into its porphyry (large copper-gold system) return broad, low-grade intercepts, leaving investors weighing patience against pivot. Dig This Deal pitches span a $1.2 billion Polish copper developer, a $22 million Saskatchewan gold explorer, and a funded Spanish copper drill program.

A Global Production Cliff is Gold's Real Power Play | Chairman’s Briefing

5 months ago 8:33

Key Highlights

The host frames AMEX as a dual-track story: a bankable gold developer with active large-scale exploration upside.
Phase one feasibility of the Perrin project now provides what she describes as a billion-dollar valuation floor.
The company has launched a 15,000-metre inaugural drilling program at Perrin West, Ontario, aiming to replicate the high-grade success achieved in Quebec.
The current rigs at Perrin West are testing a 70-kilometre strike length for new discoveries.
Established feasibility results are said to outline a clear, low-cost path to production by 2028.

Gold's real support is physical, not monetary: Newmont's 13% quarterly output drop turns a company problem into a systemic supply constraint. Silver is trading as an industrial battery metal, with EV adoption and fast-charging buildout the demand drivers to watch. Copper's rally now rests on fragile supply, not demand: sulfuric acid, a reagent for heap leaching, faces a Strait of Hormuz bottleneck. Ottawa's $25 billion Canada Strong Fund faces criticism over taxpayer risk, First Nations partnership gaps, and debt-funded balance sheet strain. Amex began a 15,000-metre drill program at Perron West; Arizona Metals' PEA (a preliminary economic assessment) values Kay Mine at $445 million NPV.

#97 Digging for Dollars #25 What Majors Clearly Look For When They’re Shopping

6 months ago 38:45

Key Highlights

The hosts argue any of three nearby producers could have an eye on Amex because three toll mills sit within 150 kilometers of its project.
They note the feasibility study Amex put out contemplates toll milling agreements.
They call the project world-class and cite Amex as proof that 'the best place to find a mine is in the shadow of a headframe' is the move driving M&A right now.

Recent junior takeovers share one trait: district-scale ground beside infrastructure the buyer already operates. Agnico Eagle's roughly $3 billion Rupert Resources deal consolidates its Finnish gold belt in one move. Districts beat lone assets — Eldorado's $4 billion Foran buy adds a century-long camp, not just one mine. Darwin Green says Mackay's Nevada ground could target 1-2 million ounces of shallow oxide gold within 18 months. Fragmented claims kept Comstock undeveloped for a century; Darwin Green says consolidation was the real barrier.

#96 Digging for Dollars #24 Raising $100M, Execution is Everything

6 months ago 44:30

Key Highlights

The hosts call Amex's newly released Perron feasibility study the news of the week: an after-tax NPV of $1.13 billion at $3,500 gold (5% discount rate), rising to about $1.7 billion at $4,700 gold, with a 150% IRR.
Per the figures they cite, roughly $194-200 million of capex builds a mine producing about 147,000-150,000 ounces a year over five years at a $910 all-in sustaining cost, with payback in about five to six months.
They highlight a NAV-to-capex ratio around 8x at spot (about 5x at $3,500 gold) and a toll milling agreement as making the project financeable — likely with debt — while avoiding costly upfront infrastructure.
The main negative they see is scale: a five-year mine life with about a million ounces left over, leaving open whether Amex builds itself into a mid-tier on roughly $500 million of annual cash flow or gets bought.
The hosts say they own Amex shares and are hanging on, noting grades nearly twice other projects' and a market cap they put near $700 million against the study's NPV.

Amex Exploration's Perron feasibility study shows how grade and low capex create value: $1.13B after-tax NPV at $3,500 gold and about a half-year payback. AISC (all-in sustaining cost — what an ounce really costs to produce) near $910 and third-party toll milling keep Perron buildable without heavy upfront infrastructure. Tectonic Metals founder Tony Reda explains raising roughly $100M after one drill year at the Flat project, a camp-scale Alaska gold play beside 40M-ounce Donlin. Dig This Deal pitches: Kootenay Silver offers 400M silver ounces ahead of its first PEA (preliminary economic assessment); copper picks highlight jurisdiction risk. Takeaways for any junior: net asset value (NAV) to capex ratios gauge financeability, strip ratios rival grade, and buildable projects make the best takeover candidates.

Amex Exploration – Phase 1 Feasibility Study, Bulk Sample, Visual Project Overview, & Exploration

6 months ago

Phase 1 Feasibility Study outlines robust economics with a post-tax NPV5 of CAD$1.13 billion, 114.6% IRR, and low AISC of USD$910/oz, signaling strong potential profitability for investors. Management is executing a de-risked strategy by initiating a trial-mining bulk sample in mid-2027, which will generate non-dilutive capital and accelerate the timeline to first revenue in 2028. The company is aggressively expanding its resource base with a 100,000-meter drill campaign and strategic land acquisitions, aiming to substantially extend the mine life beyond the initial 5-year Phase 1.

Erik Wetterling – Value Proposition In Amex Exploration, K2 Gold, and Goldsky Resources

6 months ago

Amex Exploration's Perron Gold Mine feasibility study outlines a profitable Phase 1 underground operation, with significant district-scale exploration upside remaining in Quebec. K2 Gold achieves a critical permitting milestone with a positive Record of Decision, unlocking the exploration potential of its flagship Mojave Project in California. Goldsky Resources consolidates 100% ownership of the Barsele Gold Project in Sweden, backed by Agnico Eagle Mines taking a strategic control position.

Erik Wetterling – Value Proposition In Montage Gold, Amex Exploration, and Blackrock Silver

7 months ago

Erik Wetterling discusses value propositions in Montage Gold, Amex Exploration, and Blackrock Silver, focusing on their investment merits. Analysis covers each company's project fundamentals, exploration upside, and positioning within the current gold/silver market cycle. Discussion includes risk/reward assessment and what makes these junior miners attractive for value-focused investors.

Newsletter Favorites Upside (using New GSD Defaults)

Don Durrett

7 months ago

Key Highlights

Building the $500M-a-Year Gold Mine | Victor Cantore - Amex Gold Mining

The host describes Amex Exploration as a three-to-four-year development deal in Canada.

Raising default price assumptions to $7,000 gold and $200 silver reflects conviction that current metal prices undershoot the macro setup. Screening 90 favorite miners at those prices prints 20-plus-bagger upside for many, but most need three-to-four-year mine builds first. Near-term producers like Guanajuato Silver need no new growth, so they offer immediate leverage if silver reaches $200. A gold-silver ratio squeeze toward 2.5-3% underpins the $175-200 silver target alongside $7,000 gold within 24-36 months. Timeline to getting paid is the key filter: the longer a mine build, the longer investors must wait for the printed upside.

Articles

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Amex Gold Mining's Bulk Sample Is Live: Inside the 16 g/t Champagne Zone and Cantore's Five-Year Payoff Story

Amex Exploration CEO Victor Cantore says a 40,000-ton bulk sample is already underway, Champagne runs 16 g/t, and Phase 1 carries a $2.49B pre-tax free cash flow projection — anchored by $910/oz AISC and El Dorado's 27% control stake.

20 days ago

Lab Report | Sep 10 Daily Market Overview & Deep Dive on Goliath, AMEX, and Talon

Amex Exploration Answers Its Resource-Estimate Dip With a Ramp, a Bulk Sample, and New Gold at Perron

On CEO.ca's Lab Report, the host argues Amex Exploration bounced from about 80 cents to nearly $5 by moving straight from its first resource estimate into a preliminary economic assessment, a fully financed ramp, and a 40,000-tonne bulk sample at Perron. A new Rose zone discovery — 8 g/t gold over 4.3 metres, including 24 g/t over 1.15 metres — adds discovery upside right next to that infrastructure.

about 1 month ago

Amex Exploration – Fully-Funded Pathway Towards Bulk Sample Mining and Production For 2027

Amex Exploration: C$80M raise clears the path to first Perron gold in late 2027

CEO Victor Cantore says the completed C$80 million private placement, with Eldorado Gold maintaining its 27% stake, removes the last funding hurdle for a roughly C$50 million bulk sample at the Perron project in Quebec. He expects 23,000 to 28,000 ounces from it starting in the second half of 2027, funding a self-financed path to commercial production by mid-2028.

3 months ago

#96 Digging for Dollars #24 Raising $100M, Execution is Everything

Amex Exploration's Feasibility Study: Six-Month Payback and the Build-or-Buy Question

CEO.CA's Digging for Dollars dedicates its opening segment to Amex Exploration's new feasibility study: a stated $1.13 billion after-tax NPV at $3,500 gold, roughly six-month payback, $910 AISC and likely all-debt financing — balanced against a five-year mine life. The hosts own shares and frame the open question as build a mid-tier or get bought.

6 months ago

Amex Exploration– Development & Exploration Update - Upcoming Bulk Sample & 2-Phase Economic Studies

Amex Exploration plots phased path to gold production at Perron as Eldorado raises stake to 27%

Amex Exploration outlines a three-stage path — bulk sample, toll milling, then a full processing plant — to bring the high-grade Perron Gold Project into production in Quebec, with Eldorado Gold lifting its stake to 27% via a $25 million flow-through financing.

9 months ago