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Antilles Gold Secures Offtake Agreements for Nueva Sabana Mine

Story Highlights
  • Antilles Gold signed offtake agreements for 100% of Nueva Sabana Mine’s concentrates.
  • The agreements aid financing for mine construction, with plans to start in three months.
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Antilles Gold Secures Offtake Agreements for Nueva Sabana Mine

Confident Investing Starts Here:

The latest update is out from Antilles Gold ( (AU:AAU) ).

Antilles Gold Limited has signed two significant offtake agreements for the Nueva Sabana Mine in Cuba, securing the sale of 100% of its gold and copper/gold concentrates to a major global commodities trading house. This development marks a crucial step in arranging financing for the mine’s construction, with plans to commence building within the next three months and commissioning expected a year later. The agreements include favorable terms for the company, such as a 12% higher payable for gold concentrates compared to previous estimates, and provide a structured payment and shipment schedule, enhancing the project’s financial viability.

More about Antilles Gold

Antilles Gold Limited is a company operating in the mining industry, focusing on the extraction and production of gold and copper concentrates. The company is involved in a joint venture in Cuba, specifically at the Nueva Sabana Mine, which is a key project for their operations.

Technical Sentiment Signal: Sell

Current Market Cap: A$8.51M

For detailed information about AAU stock, go to TipRanks’ Stock Analysis page.

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