Robust feasibility study for Perron, received key permits for the bulk sample program, and launched a 15,000-meter drilling program at Perron West as part of a larger 100,000 m drill program for 2026.
Third-party recommendation (Art. 8 DelVO 2016/958): Unmodified reproduction of a promotional article created by a third party · Original author: SRC swiss resource capital AG · Initial publication (original): April 22, 2026, 5:33 a.m. Berlin/Zurich · Link to the original publication ·
- Advertisement - This article is published on behalf of AMEX Exploration Inc.! Paid Relationship: SRC swiss resource capital AG has a paid IR advisory agreement with AMEX Exploration · Author: SRC swiss resource capital AG · First published: April 22, 2026, 5:33 a.m. Berlin/Zurich ·
Dear Readers,
Gold is once again the talk of the commodities sector in 2026: Following its record run at the start of the year, the precious metal continues to trade at high levels in April and is showing significant strength. Following an exceptional year in 2025 with more than 5,000 tons of total demand, 53 new all-time highs, and 863 tons of central bank purchases, the precious metal initially continued its upward surge. At the end of January, the spot price hit a record high of nearly $5,594 per ounce, according to Reuters. Even after noticeable fluctuations, gold was still trading at $4,861 per ounce on April 17, 2026. The big picture thus remains clear: security, currency issues, and geopolitical risks keep gold in the global spotlight.
Beneath the surface, the gold market remains remarkably robust. The World Gold Council reports the second-strongest ETF inflows in history for 2025, at 801 tons. And although March 2026 saw the largest monthly outflows to date from physically backed gold ETFs, the overall Q1 trend remained positive, marking the seventh consecutive quarter of net inflows. For gold stocks, this is precisely what matters: In a market where capital constantly oscillates between profit-taking and safe-haven buying, the companies that stand out are those that not only stand to benefit from the gold price but also deliver visible project progress, robust profitability, and concrete news flow. It is precisely in this environment that AMEX Exploration (WKN: A2DJY1) is making a strong comeback.
AMEX Exploration (WKN: A2DJY1) is an advanced gold developer and exploration company that has recently seen several key project components take shape. The company is expecting gold production from its bulk sample in the second half of 2027. The company’s focus is on the Perron Project in Québec, for which it released an exceptional positive feasibility study for an initial development phase on April 13, 2026.
Source: AMEX Exploration
This is complemented by new permits for the 40,000-ton bulk sample program as well as the launch of a 15,000-meter maiden drilling program at Perron West in Ontario. From the company’s perspective, this creates a clearer development path that combines operational implementation with further exploration potential.
The Phase 1 feasibility study is based on a toll-milling approach and initially envisages two years of pre-production followed by five years of commercial underground mining with external processing. The Phase 1 feasibility study contemplates the mining of the high grade Champagne zone which is only one of the many gold zones on the Perron gold property. According to the company, average production during the first five commercial years is approximately 147,000 ounces of gold per year. The study uses a conservative base case of USD $3,500 gold price and reports an industry leading all-in sustaining costs of $910 per ounce, an initial Capex of CAD 193.9 million, a post-tax NPV (5%) of CAD 1.13 billion, a post-tax IRR of 114.6%, and a payback period of 0.5 years. AMEX (WKN: A2DJY1) emphasizes that the Phase 1 strategy is based on utilizing existing regional infrastructure and aims to accelerate revenue generation starting in 2028. At a gold price of USD $4,750, the after-tax IRR rises to 152.2%, and the payback period shortens to just 0.4 years!
Analysts see significant upside potential!
Analysts have also recently provided a boost: In a report dated April 14, 2026, Haywood Securities reaffirmed its “Buy” rating and raised the price target to CAD 7.50 from CAD 6.50 and Canaccord Genuity increased their target from CAD $6.25 to CAD $7.50. The analysts point to what they view as improved Phase 1 economics, the phased development approach, and a valuation of around0.20x P/NAV compared to about 0.31x for the peer group. At the same time, Haywood emphasizes that the project continues to be associated with high implementation, permitting, and gold price risks.
Green light for large-scale sampling program!
At the end of March, the company announced another operational milestone. According to the company, the key permits for the 40,000-ton bulk sample program have been obtained. Parts of the infrastructure built for the bulk sample will directly support Phase 1 commercial production later on. In this context, AMEX (WKN: A2DJY1) refers, among other things, to underground portal, underground ramp development, site work, water treatment, and the planned 25 kV power connection to Hydro-Québec.
Source: AMEX Exploration
Geological exploration will build on the existing gold mineral resource estimate at Perron, where all constrained zones contain 1.615 Moz of Measured and Indicated Resources at 6.14 g/t gold, and an Inferred Resource of 698 koz at 4.31 g/t gold, while also targeting new gold discoveriesacross its vast land package in the second most prolific gold belt in the world, the Abitibi. This 100,000m exploration program for 2026 will proceed in parallel to its agressive development plantfor Perron.
At the newly acquired Perron West in Ontario, AMEX (WKN: A2DJY1) launched the announced15,000-meter maiden drilling program in mid-April. According to the company’s announcement, the first of two drilling rigs was already on-site and in operation, while a second rig was expected to arrive in the coming days. The company also highlights a combined land position of 570.94 km² inthe Abitibi Greenstone Belt. From AMEX’s perspective, Perron West is expected not only to deliver exploration potential but also to broaden the district-scale story surrounding Perron.
Source: AMEX Exploration
The development story received additional support from recent grade-control drill results in the vicinity of the bulk sample. At the end of March, AMEX (WKN: A2DJY1) reported, among other things, 22.27 g/t gold over 6.40 m and 7.13 g/t gold over 17.85 m from the Champagne Zone. Such results do not replace a feasibility study, but they do support the high-grade nature of those areas that are of particular importance for the first development phase.
Conclusion:
Financing, technical implementation, obtaining permits as the project progresses, and the practical design of a toll milling solution remain key priorities for AMEX (WKN: A2DJY1). At the same time, the company has achieved several milestones in a short period of time that bring Perron closer to production reality: a defined Phase 1 study, approved next development steps, high-grade control drill holes, and new exploration potential at Perron West. The extent of any revaluation will ultimately depend on how consistently AMEX now proceeds with these steps toward implementation and further de-risking milestones.
Good luck and warm regards from Switzerland.
Marc Ollinger
Swiss Resource Capital AG
Note: The following market assessments and evaluations are expressions of opinion by Swiss Resource Capital AG as of the date of publication. Company information, project metrics, and operational data are derived—unless otherwise indicated—from publicly available documents of AMEX Exploration Inc. and have been reviewed to the best of our knowledge; however, no warranty is provided regarding their completeness, accuracy, or ongoing timeliness.
Swiss Resource Capital AG at a glance:
· Our website: https://www.resource-capital.ch/de/
· Interesting and exclusive videos and interviews: https://www.rohstoff-tv.com/,https://www.commodity-tv.com/, andhttps://www.youtube.com/@SwissResourceCapitalAG
· All free commodity reports: https://www.rohstoff-reports.com/
· Registration for our roadshows: https://www.european-roadshows.com/de/
· SRC Mining Special Situations Certificate: http://www.wikifolio.com/de/ch/w/wf0srcplus
· Sources of the company visuals used in the article:
· • AMEX Exploration / Newsfile, “AMEX Delivers a Positive Feasibility Study for Development of the Perron Gold Mine,” April 13, 2026.
· • AMEX Exploration / Newsfile, “AMEX Starts Permitting Dedicated Hydro-Québec Power Connection for its Perron Project,” February 3, 2026.
· • AMEX Exploration / Newsfile, “AMEX Commences 15,000 m Drill Program at Perron West in Ontario and Hires IR Firm,” April 16, 2026.
Key risks: Project, construction, safety, financing, commodity price, exchange rate, and market risks. Key opportunities: Progress at AMEX-Chancen, outlook of further operating revenue from, additional resource conversions, and a continued favorable gold market environment.
Sources: Reuters, AMEX Exploration press releases and company presentation; Intro image: stock.adobe.com; Publication date: April 19, 2026.
Disclosure / Marketing Communication
This publication is a marketing communication or promotional capital markets communication. It is not a financial analysis, investment advice, or individual recommendation.
Subject of the publication: AMEX Exploration Inc. (TSXV: AMX). The publication was prepared by a freelance journalist.
Compensation / Relationship: Swiss Resource Capital AG maintains a paid IR and communications relationship with AMEX Exploration Inc. This publication is therefore not independent of the publisher’s own interests.
Responsible under Section 18(2) of the German Media Services Act (MStV): Marc Ollinger. Author/Publisher: Swiss Resource Capital AG.
Methodology / Sources: This publication is based on publicly available company announcements, financial reports, technical reports, and presentations, as well as market-related secondary sources. No proprietary price targets, valuation models, or investment recommendations in the sense of Buy, Hold, or Sell are provided.
Conflicts of interest: Swiss Resource Capital AG’s or the author’s own long or short positions in the securities discussed were reported as “none” for this publication; there are no net positions of 0.5% or more based on the information available here. Other relationships: No information regarding market-making, co-lead management, or investment banking mandates in the past 12 months, to the best of our knowledge.
Forward-looking statements by the company are to be understood as such and are subject to uncertainties. These include, in particular, assumptions regarding the gold price, financing, permits, construction progress, costs, operations, safety, and the timeline. Actual results may differ materially.
Update Policy: There is no obligation to continuously update this publication. The status at the time of preparation or initial publication is authoritative.
Risk Disclosure: Investments in stocks, particularly in small-cap stocks as well as commodity and development stocks, are associated with significant risks, including the risk of total loss. Additionally, currency, liquidity, country, project, and commodity price risks may exist.
No distribution outside CH/DE/AT
This publication is intended exclusively for recipients in Switzerland, Germany, and Austria. Distribution in jurisdictions where this is prohibited is not permitted.
Risk Disclosures and Disclaimer
All information in this publication is provided for informational purposes only. It does not constitute an offer or a solicitation to buy or sell securities. No advisory agreement is formed between the reader and the publisher.
Despite careful selection of sources, no warranty is given as to the completeness, accuracy, or timeliness of the information. Opinions and assessments may change at any time without notice. No liability is assumed—to the extent permitted by law—for financial losses arising from the use of this publication.
Disclosure of Conflicts of Interest
I. Own positions (SRC/Author): no long, no short; no net position >= 0.5%.
II. Compensation/Relationship: Paid IR and communications collaboration with the issuer discussed.
III. Other relationships (last 12 months): none, to the best of our knowledge.
IV. Issuer’s stake >= 5% in SRC: no.
Additional Notes
Commodity companies are subject to additional industry-specific risks such as regulatory, environmental, legal, country, financing, construction, operational, and commodity price risks. Forward-looking statements are not guarantees of future performance.
Disclaimer
This communication reflects the personal assessment of the author or publisher at the time of publication. It should not be equated with an independent financial analysis. Before making an investment decision, qualified advice should be sought and additional sources consulted.
No distribution outside CH/DE/AT
This publication is intended exclusively for recipients in Switzerland, the Federal Republic of Germany, and the Republic of Austria. Distribution in jurisdictions where this is prohibited by law, as well as to U.S. persons as defined by Regulation S, is not permitted.
External Links: The respective provider is responsible for the content of external sites; upon receiving specific reports of legal violations, we will remove such links immediately.
Forward-Looking Statements: This communication may contain forward-looking statements. Such statements are based on assumptions as of the date of this publication and are subject to known and unknown risks and uncertainties, which may cause actual results to differ materially.
Copyright
© Swiss Resource Capital AG. Commercial use/redistribution and inclusion in commercial databases are permitted only with prior written consent. Further information: https://www.resource-capital.ch/de/disclaimer-agb/
Responsible person pursuant to Section 18(2) of the Media Services Act (MSt.V): Marc Ollinger.
Third-party recommendation (Art. 8 DelVO 2016/958): Unmodified reproduction of a promotional article created by a third party · Original author: SRC swiss resource capital AG · Initial publication (original): April 22, 2026, 5:33 a.m. Berlin/Zurich · Link to the original publication ·
- Advertisement - This article is published on behalf of AMEX Exploration Inc.! Paid Relationship: SRC swiss resource capital AG has a paid IR advisory agreement with AMEX Exploration · Author: SRC swiss resource capital AG · First published: April 22, 2026, 5:33 a.m. Berlin/Zurich ·
Dear Readers,
Gold is once again the talk of the commodities sector in 2026: Following its record run at the start of the year, the precious metal continues to trade at high levels in April and is showing significant strength. Following an exceptional year in 2025 with more than 5,000 tons of total demand, 53 new all-time highs, and 863 tons of central bank purchases, the precious metal initially continued its upward surge. At the end of January, the spot price hit a record high of nearly $5,594 per ounce, according to Reuters. Even after noticeable fluctuations, gold was still trading at $4,861 per ounce on April 17, 2026. The big picture thus remains clear: security, currency issues, and geopolitical risks keep gold in the global spotlight.
Beneath the surface, the gold market remains remarkably robust. The World Gold Council reports the second-strongest ETF inflows in history for 2025, at 801 tons. And although March 2026 saw the largest monthly outflows to date from physically backed gold ETFs, the overall Q1 trend remained positive, marking the seventh consecutive quarter of net inflows. For gold stocks, this is precisely what matters: In a market where capital constantly oscillates between profit-taking and safe-haven buying, the companies that stand out are those that not only stand to benefit from the gold price but also deliver visible project progress, robust profitability, and concrete news flow. It is precisely in this environment that AMEX Exploration (WKN: A2DJY1) is making a strong comeback.
AMEX Exploration (WKN: A2DJY1) is an advanced gold developer and exploration company that has recently seen several key project components take shape. The company is expecting gold production from its bulk sample in the second half of 2027. The company’s focus is on the Perron Project in Québec, for which it released an exceptional positive feasibility study for an initial development phase on April 13, 2026.
Source: AMEX Exploration
This is complemented by new permits for the 40,000-ton bulk sample program as well as the launch of a 15,000-meter maiden drilling program at Perron West in Ontario. From the company’s perspective, this creates a clearer development path that combines operational implementation with further exploration potential.
The Phase 1 feasibility study is based on a toll-milling approach and initially envisages two years of pre-production followed by five years of commercial underground mining with external processing. The Phase 1 feasibility study contemplates the mining of the high grade Champagne zone which is only one of the many gold zones on the Perron gold property. According to the company, average production during the first five commercial years is approximately 147,000 ounces of gold per year. The study uses a conservative base case of USD $3,500 gold price and reports an industry leading all-in sustaining costs of $910 per ounce, an initial Capex of CAD 193.9 million, a post-tax NPV (5%) of CAD 1.13 billion, a post-tax IRR of 114.6%, and a payback period of 0.5 years. AMEX (WKN: A2DJY1) emphasizes that the Phase 1 strategy is based on utilizing existing regional infrastructure and aims to accelerate revenue generation starting in 2028. At a gold price of USD $4,750, the after-tax IRR rises to 152.2%, and the payback period shortens to just 0.4 years!
Analysts see significant upside potential!
Analysts have also recently provided a boost: In a report dated April 14, 2026, Haywood Securities reaffirmed its “Buy” rating and raised the price target to CAD 7.50 from CAD 6.50 and Canaccord Genuity increased their target from CAD $6.25 to CAD $7.50. The analysts point to what they view as improved Phase 1 economics, the phased development approach, and a valuation of around0.20x P/NAV compared to about 0.31x for the peer group. At the same time, Haywood emphasizes that the project continues to be associated with high implementation, permitting, and gold price risks.
Green light for large-scale sampling program!
At the end of March, the company announced another operational milestone. According to the company, the key permits for the 40,000-ton bulk sample program have been obtained. Parts of the infrastructure built for the bulk sample will directly support Phase 1 commercial production later on. In this context, AMEX (WKN: A2DJY1) refers, among other things, to underground portal, underground ramp development, site work, water treatment, and the planned 25 kV power connection to Hydro-Québec.
Source: AMEX Exploration
Geological exploration will build on the existing gold mineral resource estimate at Perron, where all constrained zones contain 1.615 Moz of Measured and Indicated Resources at 6.14 g/t gold, and an Inferred Resource of 698 koz at 4.31 g/t gold, while also targeting new gold discoveriesacross its vast land package in the second most prolific gold belt in the world, the Abitibi. This 100,000m exploration program for 2026 will proceed in parallel to its agressive development plantfor Perron.
At the newly acquired Perron West in Ontario, AMEX (WKN: A2DJY1) launched the announced15,000-meter maiden drilling program in mid-April. According to the company’s announcement, the first of two drilling rigs was already on-site and in operation, while a second rig was expected to arrive in the coming days. The company also highlights a combined land position of 570.94 km² inthe Abitibi Greenstone Belt. From AMEX’s perspective, Perron West is expected not only to deliver exploration potential but also to broaden the district-scale story surrounding Perron.
Source: AMEX Exploration
The development story received additional support from recent grade-control drill results in the vicinity of the bulk sample. At the end of March, AMEX (WKN: A2DJY1) reported, among other things, 22.27 g/t gold over 6.40 m and 7.13 g/t gold over 17.85 m from the Champagne Zone. Such results do not replace a feasibility study, but they do support the high-grade nature of those areas that are of particular importance for the first development phase.
Conclusion:
Financing, technical implementation, obtaining permits as the project progresses, and the practical design of a toll milling solution remain key priorities for AMEX (WKN: A2DJY1). At the same time, the company has achieved several milestones in a short period of time that bring Perron closer to production reality: a defined Phase 1 study, approved next development steps, high-grade control drill holes, and new exploration potential at Perron West. The extent of any revaluation will ultimately depend on how consistently AMEX now proceeds with these steps toward implementation and further de-risking milestones.
Good luck and warm regards from Switzerland.
Marc Ollinger
Swiss Resource Capital AG
Note: The following market assessments and evaluations are expressions of opinion by Swiss Resource Capital AG as of the date of publication. Company information, project metrics, and operational data are derived—unless otherwise indicated—from publicly available documents of AMEX Exploration Inc. and have been reviewed to the best of our knowledge; however, no warranty is provided regarding their completeness, accuracy, or ongoing timeliness.
Swiss Resource Capital AG at a glance:
· Our website: https://www.resource-capital.ch/de/
· Interesting and exclusive videos and interviews: https://www.rohstoff-tv.com/,https://www.commodity-tv.com/, andhttps://www.youtube.com/@SwissResourceCapitalAG
· All free commodity reports: https://www.rohstoff-reports.com/
· Registration for our roadshows: https://www.european-roadshows.com/de/
· SRC Mining Special Situations Certificate: http://www.wikifolio.com/de/ch/w/wf0srcplus
· Sources of the company visuals used in the article:
· • AMEX Exploration / Newsfile, “AMEX Delivers a Positive Feasibility Study for Development of the Perron Gold Mine,” April 13, 2026.
· • AMEX Exploration / Newsfile, “AMEX Starts Permitting Dedicated Hydro-Québec Power Connection for its Perron Project,” February 3, 2026.
· • AMEX Exploration / Newsfile, “AMEX Commences 15,000 m Drill Program at Perron West in Ontario and Hires IR Firm,” April 16, 2026.
Key risks: Project, construction, safety, financing, commodity price, exchange rate, and market risks. Key opportunities: Progress at AMEX-Chancen, outlook of further operating revenue from, additional resource conversions, and a continued favorable gold market environment.
Sources: Reuters, AMEX Exploration press releases and company presentation; Intro image: stock.adobe.com; Publication date: April 19, 2026.
Disclosure / Marketing Communication
This publication is a marketing communication or promotional capital markets communication. It is not a financial analysis, investment advice, or individual recommendation.
Subject of the publication: AMEX Exploration Inc. (TSXV: AMX). The publication was prepared by a freelance journalist.
Compensation / Relationship: Swiss Resource Capital AG maintains a paid IR and communications relationship with AMEX Exploration Inc. This publication is therefore not independent of the publisher’s own interests.
Responsible under Section 18(2) of the German Media Services Act (MStV): Marc Ollinger. Author/Publisher: Swiss Resource Capital AG.
Methodology / Sources: This publication is based on publicly available company announcements, financial reports, technical reports, and presentations, as well as market-related secondary sources. No proprietary price targets, valuation models, or investment recommendations in the sense of Buy, Hold, or Sell are provided.
Conflicts of interest: Swiss Resource Capital AG’s or the author’s own long or short positions in the securities discussed were reported as “none” for this publication; there are no net positions of 0.5% or more based on the information available here. Other relationships: No information regarding market-making, co-lead management, or investment banking mandates in the past 12 months, to the best of our knowledge.
Forward-looking statements by the company are to be understood as such and are subject to uncertainties. These include, in particular, assumptions regarding the gold price, financing, permits, construction progress, costs, operations, safety, and the timeline. Actual results may differ materially.
Update Policy: There is no obligation to continuously update this publication. The status at the time of preparation or initial publication is authoritative.
Risk Disclosure: Investments in stocks, particularly in small-cap stocks as well as commodity and development stocks, are associated with significant risks, including the risk of total loss. Additionally, currency, liquidity, country, project, and commodity price risks may exist.
No distribution outside CH/DE/AT
This publication is intended exclusively for recipients in Switzerland, Germany, and Austria. Distribution in jurisdictions where this is prohibited is not permitted.
Risk Disclosures and Disclaimer
All information in this publication is provided for informational purposes only. It does not constitute an offer or a solicitation to buy or sell securities. No advisory agreement is formed between the reader and the publisher.
Despite careful selection of sources, no warranty is given as to the completeness, accuracy, or timeliness of the information. Opinions and assessments may change at any time without notice. No liability is assumed—to the extent permitted by law—for financial losses arising from the use of this publication.
Disclosure of Conflicts of Interest
I. Own positions (SRC/Author): no long, no short; no net position >= 0.5%.
II. Compensation/Relationship: Paid IR and communications collaboration with the issuer discussed.
III. Other relationships (last 12 months): none, to the best of our knowledge.
IV. Issuer’s stake >= 5% in SRC: no.
Additional Notes
Commodity companies are subject to additional industry-specific risks such as regulatory, environmental, legal, country, financing, construction, operational, and commodity price risks. Forward-looking statements are not guarantees of future performance.
Disclaimer
This communication reflects the personal assessment of the author or publisher at the time of publication. It should not be equated with an independent financial analysis. Before making an investment decision, qualified advice should be sought and additional sources consulted.
No distribution outside CH/DE/AT
This publication is intended exclusively for recipients in Switzerland, the Federal Republic of Germany, and the Republic of Austria. Distribution in jurisdictions where this is prohibited by law, as well as to U.S. persons as defined by Regulation S, is not permitted.
External Links: The respective provider is responsible for the content of external sites; upon receiving specific reports of legal violations, we will remove such links immediately.
Forward-Looking Statements: This communication may contain forward-looking statements. Such statements are based on assumptions as of the date of this publication and are subject to known and unknown risks and uncertainties, which may cause actual results to differ materially.
Copyright
© Swiss Resource Capital AG. Commercial use/redistribution and inclusion in commercial databases are permitted only with prior written consent. Further information: https://www.resource-capital.ch/de/disclaimer-agb/
Responsible person pursuant to Section 18(2) of the Media Services Act (MSt.V): Marc Ollinger.
|
Herr Jörg Schulte Geschäftsführer info@js-research.de |
|
|
|
Kommentare
Kontakt
|
|
Herr Jörg Schulte Geschäftsführer info@js-research.de |
|
|
|
Das könnte Sie auch interessieren:
Gold and Silver Compared
Von JS Research...
Advertisement/Advertising - This article is distributed on behalf of Skeena Gold & Silver Ltd. and Sierra Madre Gold and Silver Ltd., with whom SRC swiss ... | mehr
Gold und Silber im Vergleich
Von Swiss Resource...
Anzeige/Werbung - Dieser Artikel wird verbreitet im Namen von Skeena Gold & Silver Ltd. und Sierra Madre Gold and Silver Ltd., mit der die SRC ... | mehr
AMEX Exploration: Perron nimmt Gestalt an, Studie, Genehmigungen u. Bohrprogramm
Von JS Research...
- Anzeige / Werbung - Dieser Artikel wird im Auftrag von AMEX Exploration Inc. veröffentlicht! Bezahlte Zusammenarbeit: SRC swiss resource capital AG hat einen bezahlten ... | mehr