An announcement from Antilles Gold ( (AU:AAU) ) is now available.
Antilles Gold is advancing its mining projects in Cuba, specifically the Nueva Sabana and La Demajagua mines, through a joint venture with GeoMinera. The venture benefits from favorable financial conditions, including waived taxes and low operating costs, and is focused on establishing a strong mining presence in the region. The Nueva Sabana project is construction-ready, with plans to produce gold and copper-gold concentrates over a 4.5-year period. The company is exploring various financing options to support the remaining construction costs, indicating a strategic approach to managing its capital and operational risks.
More about Antilles Gold
Antilles Gold is involved in the mining industry, focusing on the development of gold, silver, copper, and antimony projects in Cuba. The company operates through a joint venture with the Cuban government’s mining company, GeoMinera, and aims to explore and develop mineral-rich deposits in the region.
Technical Sentiment Signal: Buy
Current Market Cap: $4.78M
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