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An announcement from Antilles Gold ( (AU:AAU) ) is now available.
Antilles Gold has secured two gold royalty agreements totaling US$5 million to support construction of the Nueva Sabana copper-gold mine in Cuba, now underway. Existing shareholders Astrovest Group Inc and Lucerne Investment Ltd will pay the funds directly to EPC contractor Xinhai Mining, matching progress payments between April and July 2026.
In exchange, the investors will receive 1.1% and 4.4% royalties on gold concentrate sales from the first 18–20 months of production after commissioning planned for January 2027, excluding later copper-gold output. They will also be granted 75 million and 275 million unlisted options in Antilles Gold, while parallel talks continue for an additional US$5 million in similar royalty financing to complete the mine’s construction funding, potentially with further backing from Xinhai Mining.
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 gold and copper projects in Cuba. Through its 50%-owned joint venture Minera La Victoria SA, the company is advancing the Nueva Sabana copper-gold mine, targeting early gold concentrate production followed by copper-gold output for global concentrate buyers.
YTD Price Performance: 40.0%
Average Trading Volume: 8,237,828
Technical Sentiment Signal: Sell
Current Market Cap: A$43.69M
For a thorough assessment of AAU stock, go to TipRanks’ Stock Analysis page.