Gold Industry Leaders Confident in Multi-Year Bull Market Cycle

Interview with
Victor Cantore, CEO of AMEX Exploration
Dan Noone, CEO of G2 Goldfields

Recording date: 27 May 2025

Two prominent gold exploration executives highlighted their companies' substantial resource bases and positive market outlook during a recent industry discussion, underscoring the current strength in precious metals fundamentals.

Victor Cantore, CEO of AMEX Exploration, reported his company's updated mineral resource estimate of 2.3 million ounces in Quebec's established Normétal mining district. The resource includes 1.6 million ounces in measured and indicated categories, with a particularly notable high-grade "Champagne Zone" containing 831,000 ounces at 6.2 grams per tonne. AMEX's strategic location benefits from existing infrastructure, electricity access, and proximity to established communities, reducing development costs and operational complexity.

Dan Noone, CEO of G2 Goldfields, announced his company's 3 million ounce resource in Ghana at approximately 3 grams per tonne, with additional discoveries at the Oko North area currently under exploration. G2 operates adjacent to significant mining activity, including recent acquisitions by G Mining and AngloGold's 15% regional investment, which has validated the district's potential and enhanced investor confidence in Ghana's mining jurisdiction.

Both executives reported exceptionally positive investor reception at the recent Canaccord conference, with fully booked meeting schedules and strong institutional interest from North American, Australian, and Asian investors. Market sentiment reflects bullish expectations for gold prices exceeding $3,000, driven by structural changes including central bank purchasing and global currency diversification strategies.

The companies pursue different strategic approaches: AMEX focuses on a dual-path strategy combining near-term production through bulk sampling and toll milling with continued exploration, while G2 Goldfields emphasizes resource expansion before potential merger and acquisition opportunities.

Both executives emphasized the importance of high-grade resources in current market conditions, noting that quality deposits maintain profitability across various gold price scenarios. The financing environment remains selective, favoring advanced projects with proven management teams and substantial resources, while access to capital remains constrained for less developed opportunities.

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