Amex Gold Mining (renamed from Amex Exploration in June 2026) completed a Phase 1 Feasibility Study for its 100%-owned Perron gold project in Quebec in 2026, outlining reserves of ~774,000 oz gold and a 5-year Phase 1 toll-milling operation averaging about 147,000 oz a year. Eldorado Gold is a strategic investor in the company.
Notable vs. Peers
- Financials score of 7.4/10 is stronger than the peer average of 5.3/10.
Lifecycle Milestones
Not in place: mill, tailings facility, grid power.
Jurisdiction (40%)9/10
Quebec: Fraser PPI 2025 is 79.39 of 100 (rank 23 of 68), which maps to 9 on this site's scale. Quebec, Canada — top-tier, mining-friendly jurisdiction with strong exploration heritage in the Abitibi region.
Infrastructure (40%)2.9/10
No confirmed mill, confirmed road access, no confirmed grid power, and no confirmed tailings facility at Perron Gold Project, Quebec, Canada.
Nearby producing mine (20%)9.7/10
North American Lithium (Elevra Lithium Limited / Investissement Quebec) is 25 km away -- within regional-platform range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score:10/10
Eldorado Gold Corporation holds 26.9% (reported 1 Jun 2026) See holders
An operating producer's stake scores 8 at 5%, rising to 10 at 20% (the take-over-bid threshold) and holding there up to 50%.
Weight 25% · 34% here - Distance to a producing mineSub-score:7.5/10
Nearest producing mine: North American Lithium (Elevra Lithium Limited / Investissement Quebec), 25 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 31% here - Lifecycle stageSub-score:10/10
Stage: Feasibility Study
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 20% here - JurisdictionSub-score:9/10
Canada: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 9% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 6% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President, CEO & Director of Amex Gold Mining Inc. (CEO since December 2016) and Executive Chairman of the Board of Vision Lithium Inc. 20+ years of capital markets and management experience across resource and tech sectors; also serves in leadership roles at several other junior miners. Has been capital markets advisor to Nemaska Lithium since 2011, and was the vendor of the Whabouchi lithium property, which he sold to Nemaska Lithium in 2009.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Eldorado Gold, an operating gold producer, owns 26.90% of Amex (43,207,897 shares, per its June 2026 disclosure, diluted down from 27.27%) and paid cash for it. On 17 Dec 2025 it bought 14,868,200 shares at C$4.00 in a negotiated transaction -- C$59.47 million -- lifting it from 16.77% to 27.27%, and it described the purchase as an unsolicited opportunity taken for investment rather than a step toward a takeover. Eldorado has been building the position since 2019. The seller in that same transaction was Eric Sprott: he and his holding company sold their entire 14,868,200-share stake to Eldorado on that date and ceased to be insiders, retaining only 435,000 warrants (about 0.3% partially diluted) -- a confirmed past backer, not a current one, despite having been a strategic investor since 2019. Alongside Eldorado sits Commodity Capital AG, a Swiss FINMA-regulated manager that runs a dedicated precious-metals mining fund, at about 2.3%.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Amex Gold Mining, renamed from Amex Exploration in June 2026, is developing its 100%-owned Perron gold project in Quebec, Canada, as an underground mine. Perron holds 1,615,000 oz of gold in measured and indicated resources (8.183 Mt at 6.14 g/t) plus 698,000 oz inferred, in a May 2025 estimate. The Phase 1 feasibility study released in April 2026 shows an after-tax NPV5% of US$816.7M (CAD 1,127M) and a 114.6% IRR at US$3,500/oz gold, with initial capital of US$140.5M (CAD 193.9M), a 5-year mine life averaging about 147,000 oz a year, and an all-in sustaining cost of US$910/oz. Eldorado Gold is a strategic investor in the company.
Statement of Financial Position (CAD): Total liabilities $21,618,512, consisting of trade and other payables, tax credits to reimburse, other liabilities (current), and deferred tax liabilities (non-current). No loans/borrowings line item anywhere on the balance sheet.