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An update from Antilles Gold ( (AU:AAU) ) is now available.
Antilles Gold has issued a formal Notice to Proceed under a US$29.5 million fixed-price engineering, procurement and construction contract to China’s Yantai Xinhai Mining for the development of the Nueva Sabana copper-gold mine in central Cuba. The EPC package covers about 85% of the remaining US$35 million in project development costs, significantly reducing capital expenditure risk, while the remaining US$6.5 million for site works and infrastructure is being handled by the joint venture vehicle Minera La Victoria SA, which began these activities in December 2025. In a move that strengthens project financing and eases near-term funding pressure, Xinhai Mining will also extend a US$17.1 million credit facility by deferring a portion of its progress payments until up to 18 months after the mine is commissioned, supporting Antilles Gold’s strategy to bring Nueva Sabana into production and ultimately generate cash flow for wider exploration across its Cuban portfolio.
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 Limited is an Australian-listed mining company focused on developing precious and base metal projects in Cuba through a 50:50 joint venture with state-owned GeoMinera SA. The company’s portfolio includes the Nueva Sabana gold-copper mine in central Cuba, now under initial development, and the planned La Demajagua open-pit operation on the Isle of Youth targeting gold-arsenopyrite and antimony products, with future cash flows intended to fund exploration of large porphyry copper targets such as El Pilar and prospects within the Sierra Maestra copper belt.
Average Trading Volume: 3,008,008
Technical Sentiment Signal: Sell
Current Market Cap: A$31.07M
See more data about AAU stock on TipRanks’ Stock Analysis page.