viewAEX Gold Inc

AEX Gold looking to build full-cycle gold company in South Greenland


  • AEX Gold appoints James Gilbertson to head exploration team
  • AEX Gold could have upwards of two million ounces of gold under its belt in Greenland, as it pushes towards first production next year
  • AEX Gold present strategic update to shareholders and full year financial results

Quick facts: AEX Gold Inc


Price: 26.5 GBX

Market Cap: £46.93 m

About the company

AEX Gold Inc is focused on the identification, acquisition, exploration and development of gold properties in Greenland.

The Corporation's principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine.

The Corporation has a portfolio of gold assets covering 3,870km2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region.

AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

How it is doing

14 Sep 2021

AEX Gold Inc (AIM:AEXG, TSX-V:AEX, FRA:2NQ). said it has strengthened its exploration team significantly with a number of new appointments.

The gold company, which has a portfolio of exploration licences in Greenland, said James Gilbertson has been appointed as Vice President - Exploration. Gilbertson, who has been working with AEX as a consultant for six years, will oversee all of the company's exploration activities.

He has over 20 years of experience in mineral exploration and resource development, including 17 years as a principal exploration geologist, and until recently, as managing director of SRK Exploration. He specialises in mineral exploration design, planning and management, specifically for lode and epithermal gold deposits, porphyry related, and orthomagmatic deposits. Gilbertson is a chartered and competent person (CP) with the Geological Society London.

"I am delighted to announce the addition of James to our senior management team. He brings an important skill-set to the company at an exciting time in our development,” commented AEX CEO Eldur Olafsson.

27 Aug 2021

AEX Gold Inc (AIM:AEXG, TSX-V:AEX, FRA:2NQ), the Greenland-focused gold explorer, has added two non-executive directors to the board, both of whom have extensive mining careers.

Warwick Morley-Jepson has worked in the industry for 40 years, said AEX, with senior management stints at Ivanhoe Mines and Kinross and is currently chairman of Wedsome Gold Mines and a non-exec at Karora Minerals.

01 Jul 2021

AEX Gold Inc. (LON:AEXG, TSXV: AEX) said it applied for a new exploration licence in the Kobberminebugt region of South Greenland covering an area of approximately 266 km2.

The area hosts numerous copper-gold showings including the small past-producing Josva copper mine, which was last worked in 1914 with reported grades up to 5% copper, 1.5 grammes a tonne (g/t) gold and 250 g/t silver. 

Insight: AEX Gold could have upwards of two million ounces of gold under its belt in...

13 Aug 2020

There could be as much as two million ounces of gold in the ground at the old Nalunaq mine in Greenland, according to Eldur Olafsson, the man tasked with getting operations there back up and running.

The company he runs, AEX Gold Inc (LON:AEXG)(CVE:AEX) recently added a London listing to its Canadian one, raising £42mn along the way to push ahead towards production by the end of next year.

What management says

29 Apr 2021

AEX Gold's (LON:AEXG)) Eldur Ólafsson speaks to Proactive about their strategic update and presents the full year financial results.

Ólafsson reminds us of the reasons for the strategic review and what the company has been doing over the last couple of months to reach today’s news including conclusions reached on the Ausenco drawn on the Nalunaq property and what it needs to progress.

He goes through the details of the third party feasibility study as well as some significant drilling work in their statement.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


AEX Gold 'stepping up a gear' as it moves on the ground in Greenland...

Mining Capital's Alastair Ford says it's interesting that Greenland's back on the radar of investors just when gold charges through $2000/oz. ''The new money raised by AEX Gold Inc. (LON:AEXG) (CVE:AEX) and the London listing represents a real step-change for the company'', he says. ''They're...

on 7/8/20

5 min read