AMEX Gold Mining (AMX) Mining Forum Americas 2026 summary

Project highlights and location

• High-grade gold development project located in Quebec, Canada, with strong local and First Nations support.

• Project is fully financed into the first phase of production, targeting 147,000 ounces annually by mid-2028.

• Perron property spans 570 sq km, straddling the Quebec-Ontario border in the Abitibi greenstone belt.

• Proximity to established mining towns and infrastructure, including power and workforce.

• Only 6.5 km of new power line needed to connect to Hydro-Québec, with completion expected by January next year.

Resource, grade, and operational plan

• Property-wide resource of 2.3 million ounces, with nearly 1 million ounces of high-grade gold.

• Champagne Zone contains 831,000 ounces at 16.2 g/t, forming the basis for the first phase feasibility study.

• Bulk sample permit for 40,000 tons obtained; mining contract awarded and decline development underway.

• Bulk sample gold extraction expected in Q4 next year, with significant sunk costs reducing phase one CapEx.

• Phase one operation designed for 1,100 tons per day, with ramp-up and pre-production revenue of CAD 68 million.

Financials and future phases

• Phase one CapEx of CAD 194 million is already financed through bulk sample, gold sales, and pre-production revenue.

• Projected to generate nearly $2.5 billion in free cash flow over the first five years at $3,500 gold.

• Free cash flow from phase one will fund exploration and the second phase, targeted for 2032-2033.

• Attractive NPV and IRR, with robust economics even at lower gold prices.

• District-scale exploration potential with 70 km strike length and recent high-grade discoveries.