Production / Operations
Ellis Martin Report: Amex Exploration Inc.'s (AMXEF) Victor Cantore on New Discoveries, Record Drill Results and $5 Billion Gold Potential

AMX · Price
Executive Summary
- Amex Exploration’s President & CEO Victor Cantore discussed the company’s recent high‑grade intercept of 213 g/t Au over 3.75 m and outlined plans for a >100,000 m drill program in 2026.
- The interview highlighted Amex’s two‑phase mine‑build strategy aimed at reducing technical and financial risk, including early toll‑milling revenue before full mill construction.
- Cantore projected cash flow of $5.1 billion, an IRR of 148%, and a payback period of 0.2 years for the Perron Gold Project.
Key Details
- High‑grade hit: 213 g/t Au over 3.75 m (≈7 oz/t) reported from the flagship Perron Gold Project.
- Planned 2026 drilling campaign: ≥100,000 m of core drilling – one of Canada’s largest programs for the year.
- Mine‑build strategy: Two‑phase approach designed to mitigate technical and financial risk; early toll‑milling revenue anticipated prior to full mill construction.
- Financial projections: Expected cash flow of $5.1 billion, internal rate of return (IRR) of 148%, and a payback period of 0.2 years.
- Interview platform: The discussion was broadcast on The Ellis Martin Report and Money Talk Radio; recording available via ABN Newswire link.
Notable Quotes
“Our two‑phase mine‑build strategy not only reduces risk but also allows us to generate early toll‑milling revenue while we scale up to full production,” – Victor Cantore, President & CEO, Amex Exploration Inc.
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Jul 13, 2026 · 07:01