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Antilles Gold ( (AU:AAU) ) has issued an announcement.
Antilles Gold has appointed Zhongyi (John) Zhang as a Non-Executive Director following his nomination by strategic partner Shandong Xinhai Mining, which has acquired a 19% stake in the company under a binding memorandum of understanding related to Cuban mining developments. The board sees Zhang’s appointment and Xinhai Mining’s technical and financial backing as strengthening Antilles Gold’s governance and supporting the development of its Nueva Sabana copper-gold mine, underscoring the growing importance of its Cuban projects and strategic shareholder relationships.
The most recent analyst rating on (AU:AAU) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Antilles Gold stock, see the AU:AAU Stock Forecast page.
More about Antilles Gold
Antilles Gold Limited is an ASX-listed mining company focused on the development of precious and base metal projects in Cuba, including the Nueva Sabana copper-gold mine and the La Demajagua gold-silver-antimony mine. The company is working in partnership with local entity Minera La Victoria SA and strategic shareholder Shandong Xinhai Mining Technology & Equipment Inc to advance these assets.
Average Trading Volume: 3,170,151
Technical Sentiment Signal: Sell
Current Market Cap: A$26.41M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.