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The latest announcement is out from Amex Exploration ( (TSE:AMX) ).
Amex Exploration Inc. has announced plans for an extensive 2026 exploration program, which includes up to 100,000 meters of drilling at its Perron Project in Quebec and Perron West Project in Ontario. This initiative is part of one of the most aggressive drill programs for a junior developer in Canada, aiming to expand the existing resource base and explore new targets. The remainder of 2025 will focus on a 10,000-meter drilling program at the Eastern Gold Zone, with goals to test extensions of various zones, including the Champagne, Team, and Central Polymetallic Zones. The company is also planning condemnation drilling in the Alizée Zone to ensure no significant gold mineralization extends to the surface, which could impact the current mine plan.
The most recent analyst rating on (TSE:AMX) stock is a Buy with a C$2.80 price target. To see the full list of analyst forecasts on Amex Exploration stock, see the TSE:AMX Stock Forecast page.
Spark’s Take on TSE:AMX Stock
According to Spark, TipRanks’ AI Analyst, TSE:AMX is a Neutral.
Amex Exploration’s overall score reflects its speculative nature as a gold exploration company reliant on equity financing. While the company benefits from a strong balance sheet with no debt, significant challenges remain in revenue generation and cash flow. The technical indicators show moderate momentum, and recent strategic expansions could enhance its operational footprint. However, the high P/E ratio and absence of earnings limit valuation attractiveness.
To see Spark’s full report on TSE:AMX stock, click here.
More about Amex Exploration
Amex Exploration Inc. is a junior mining company operating in the gold exploration industry. The company focuses on developing its flagship Perron Project located in northwestern Abitibi, Quebec, and the Perron West Project in Ontario. Amex is committed to expanding its gold resources through aggressive drilling programs.
Average Trading Volume: 192,193
Technical Sentiment Signal: Buy
Current Market Cap: C$356.4M
For a thorough assessment of AMX stock, go to TipRanks’ Stock Analysis page.