AMG will be restarting a mothballed mine in 2021. Their most recent drill results indicate high grade near surface that warranted high price appreciation from the market.
More importantly, Management have indicated that they will be moving into production in 2021, by restarting a mothballed mine. This will not require any capital raises, which makes AMG attractive again the backdrop of higher gold prices.
More importantly, Management have indicated that they will be moving into production in 2021, by restarting a mothballed mine. This will not require any capital raises, which makes AMG attractive again the backdrop of higher gold prices.
- No Capital Raises in 2021 for mine restart
- High grade near surface
- 26M MC
- SOI 547.57 million
Ausmex Mining Group Limited (AMG, formerly Eumeralla Resources Ltd) is an Australia based mineral exploration company. AMG has mining projects in Queensland and South Australia.