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The latest update is out from Antilles Gold ( (AU:AAU) ).
Antilles Gold Limited has commenced construction on the Nueva Sabana copper-gold mine in Cuba through its joint venture company, Minera La Victoria S.A. The project, supported by Xinhai Mining’s engineering and construction expertise, aims to commission the mine by the end of 2026. The financing for the project includes a mix of loans and credit facilities, reflecting the challenges posed by US sanctions on traditional project loans. The mine is expected to generate significant surplus cash, potentially funding future projects, if current high metal prices persist.
More about Antilles Gold
Antilles Gold Limited is a company operating in the mining industry, focusing on the development and operation of copper-gold mines. The company is involved in joint ventures to explore and exploit mineral resources, with a market focus on leveraging high metal prices for gold and copper.
Average Trading Volume: 3,729,994
Technical Sentiment Signal: Sell
Current Market Cap: A$27.97M
Find detailed analytics on AAU stock on TipRanks’ Stock Analysis page.