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An announcement from Antilles Gold ( (AU:AAU) ) is now available.
Antilles Gold, through its joint venture Minera La Victoria SA, is advancing its mining projects in Cuba, with a focus on the Nueva Sabana and La Demajagua mines. The joint venture benefits from minimized country credit risk, tax incentives, and low operating costs. The Nueva Sabana project is construction-ready, with plans to produce gold and copper-gold concentrates over an initial 4.5-year project life. Approximately US$38 million remains to be spent on mine construction, ensuring the project’s progression.
More about Antilles Gold
Antilles Gold is involved in the development of gold, copper, and antimony projects in Cuba. The company operates through a 50:50 joint venture with the Cuban government’s mining company, GeoMinera, focusing on the Nueva Sabana and La Demajagua mines to produce gold, silver, copper, and antimony.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.9M
For an in-depth examination of AAU stock, go to TipRanks’ Overview page.