Amerix Precious Metals Corp. is a Canadian-based mineral exploration and development mining company listed on the TSX Venture Exchange (ticker symbol APM) (US Listing: APMFF) (Frankfurt: NJG) with head office in Toronto Ontario and focused on gold in Brazil. APM.V will this year see the beginning of a royalty income expected to result in payments to Amerix of ~$150K - $250K per month in year four. This income stream and elimination of $4M in obligations off its books comes from the sale of Ouro Roxo where APM.V retained a 2.5% Gross Royalty. This situation now allows Amerix to focus on developing its 100% owned Limão gold project where an extreme high grade gold deposit has already been established at a historic past producing open pit rudimentarily mined by locals. Limao appears prospective to rival other successes in the Tapajos Gold Region of Brazil.
Recommended Reading: miningmarketwatch.net
Corporate Website: amerixcorp.com |
