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The latest update is out from Antilles Gold ( (AU:AAU) ).
Antilles Gold has commenced construction of the Nueva Sabana copper-gold mine in Cuba through its 50%-owned joint venture Minera La Victoria SA, with work already underway on access roads, earthworks, tailings dam, haul roads, and utilities. A US$29.5 million EPC contract has been formally awarded to China’s Shandong Xinhai Mining Technologies & Equipment, with mine construction scheduled for completion by the end of 2026, commissioning and initial gold concentrate output expected in January 2027, and first cash flows projected from gold concentrate sales in February or March 2027, followed by copper-gold concentrate sales for an overall mine life of about 4.6 years. The US$35 million development cost for Minera La Victoria is being funded via a mix of facilities, including a US$17.1 million credit line from Xinhai Mining, up to US$8 million in loans from Antilles Gold, and US$10 million in gold loans and concentrate prepayments, with loan documentation being finalized under Spanish and Cuban legal counsel. A previously reported pre-feasibility study indicates production of about 77,000 ounces of gold and 9,150 tonnes of copper in concentrate, generating an estimated US$164 million cash surplus over the mine life at assumed prices, with all project loans, including roughly US$10 million from Antilles Gold, expected to be repaid within the first 18 months of operations, implying a potentially material boost to the company’s cash position and financial flexibility if current higher metal prices persist.
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 is an Australian-listed mineral exploration and development company focused on advancing gold and copper projects in Cuba through joint ventures such as its 50%-owned Minera La Victoria SA. The company targets high-value precious and base metal deposits, aiming to generate near-term production and cash flow from mid-scale mining operations while leveraging international engineering partners and offtake agreements with global commodities traders.
Average Trading Volume: 3,170,151
Technical Sentiment Signal: Sell
Current Market Cap: A$26.41M
See more data about AAU stock on TipRanks’ Stock Analysis page.