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An update from Antilles Gold ( (AU:AAU) ) is now available.
Antilles Gold has secured approximately 87% of the necessary funding for the Nueva Sabana copper-gold mine in Cuba, with ongoing negotiations for the remaining amount. The updated Financial Analysis for the mine’s Preliminary Feasibility Study reflects increased costs offset by higher metal prices, indicating a positive outlook for the project’s financial viability. The results will be published after further consultation with mining consultants.
More about Antilles Gold
Antilles Gold Limited is engaged in the development of mineral deposits in Cuba through a joint venture with the Cuban Government’s mining company, GeoMinera SA. The company focuses on producing gold, silver, antimony, and copper concentrates, and exploring large porphyry copper deposits. Their projects include the Nueva Sabana gold-copper mine and the La Demajagua open pit mine.
Average Trading Volume: 3,674,550
Technical Sentiment Signal: Sell
Current Market Cap: A$30.39M
For an in-depth examination of AAU stock, go to TipRanks’ Overview page.