Quebec Gold Developer Jumps 23.5% on the Back of a Stellar Feasibility Study
A high-grade gold project delivering a positive feasibility study during a gold bull market represents ideal timing for a junior explorer. Amex Exploration Inc. (TSX Venture: AMX) (OTCQX: AMXEF) released results for Phase 1 development of its 100% owned Perron Gold Mine in Quebec. The mine plan focuses on the high-grade Champagne zone, highlighting average production of 147,000 oz of gold over 5 years at all-in sustaining costs of US$910/oz. At a base case gold price of US$3,500/oz, the project generates a post-tax NPV of C$1.13B and an IRR of 114.6%. With gold currently ...
AllPennyStocks.com·13d ago