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AEX Gold (AEX )

Business description

AEX Gold is a gold exploration company with projects in Greenland. The company’s primary focus is on the Nalunaq property, which includes the previously operating Nalunaq Mine. AEX’s current exploration programme is aimed at expanding the current 263koz NI 43-101 gold resource.

Stock data

Market cap.C$19.9m
Last closeC$0.35
High / Low (52 weeks)C$0.6 / C$0.3
Stock market listingCN
Forecast net cash (US$m)5.8
Forecast gearing ratio (%)N/A
TeamResources - Mining
SectorMining

Price performance

%1m3m12m
Actual(4.2)(9.2)(36.1)
Relative *(0.5)(1.3)(30.8)

* % Relative to local index

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Latest research

High-grade gold in Greenland

Outlook | Mining | 11/10/2018

Investment summary

AEX Gold (AEX) has a large land position in Greenland where it is exploring for gold. Its extensive licence holding includes an exploitation licence that hosts the previously operating high-grade underground Nalunaq Gold Mine. AEX is in-fill drilling to expand the resource with the aim of re-starting gold production. The company’s second field season is underway, with a resource update planned for the end of the year. AEX is also evaluating the potential of the underexplored district to host another Nalunaq-style deposit. AEX completed a C$1m placement in October.

Last updated on 11/10/2018

Key management

Eldur Olafsson, CEO

Company address

123 Front Street W, Suite 905
Toronto
M5J 2M2
Canada
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