Antilles Gold ( (AU:AAU) ) has issued an update.
Antilles Gold Limited has received estimates for adding an antimony extraction circuit to the La Demajagua mine in Cuba, which could significantly impact the project’s economic viability. With antimony prices rising sharply, the sale of antimony and gold-silver-antimony concentrates is seen as a more favorable development path than previous plans. The joint venture company, Minera La Victoria SA, will conduct a Pre-Feasibility Study to incorporate these changes, aiming to enhance project returns and establish preferred buyers for the concentrates.
More about Antilles Gold
Antilles Gold Limited is a company operating in the mining industry, focusing on the extraction and production of precious metals such as gold and silver, as well as antimony. The company is involved in the development of mining projects, particularly in Cuba, with a market focus on producing and selling mineral concentrates.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.01M
Learn more about AAU stock on TipRanks’ Stock Analysis page.