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An update from Antilles Gold ( (AU:AAU) ) is now available.
Antilles Gold’s joint venture, Minera La Victoria SA, is advancing the Nueva Sabana and La Demajagua mining projects in Cuba, with the Nueva Sabana mine being fully permitted and construction-ready. The venture benefits from minimized country credit risk, tax incentives, and rapid permitting due to its association with GeoMinera. The company has invested significantly in pre-development costs and is preparing an updated financial analysis reflecting increased costs and metal prices. The Nueva Sabana project will initially produce gold concentrate, followed by a copper-gold concentrate, with off-take agreements already in place.
More about Antilles Gold
Antilles Gold is engaged in the development of gold, copper, and antimony projects in mineral-rich Cuba. The company is involved in 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, as well as exploring large porphyry copper properties.
Average Trading Volume: 3,919,965
Technical Sentiment Signal: Sell
Current Market Cap: A$22.5M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.