The PEA gives the project a pre-tax internal rate of return of 59.5% and a net present value of C$948 million (5% discount) with gold at $2,000/oz. The all-in sustaining cost for Perron, near the town of Normetal, is forecast at $807/oz. The payback period is estimated at 1.5 years, based on pre-tax numbers.
“This PEA marks an important milestone for Amex and reaffirms our view that our fully owned Perron project is a high-quality asset and has the potential of being a highly profitable stand-alone mining operation with minimal environmental impact,” Amex CEO Victor Cantore said in a release.
Amex is planning a mechanized underground mine, complemented by open pit production
Amex stock traded up 4% for the day at noon Wednesday at C$1.25 per share. The C$150 million market cap stock has traded in a 52-week range of C$1.05 to C$2.08.
Cantore noted the study was based on data collected as of the end of June….
