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Antilles Gold ( (AU:AAU) ) has issued an update.
Antilles Gold Limited has released an updated financial analysis for the pre-feasibility study of the first stage of its Nueva Sabana copper-gold mine in Cuba. The analysis, prepared by the joint venture Minera La Victoria SA, reflects increased capital and operational expenditures, as well as higher metal prices and payables for concentrates. The project, with a planned mine life of approximately 4.6 years, is expected to generate significant surplus cash, with Antilles Gold’s share estimated at US$82 million. The company plans further exploration to potentially extend the mine’s life and increase resources, indicating a strategic focus on long-term growth and resource expansion.
More about Antilles Gold
Antilles Gold Limited is a company involved in the mining industry, focusing on the development of copper and gold mining projects. The company operates through a joint venture in Cuba, where it is engaged in the development of the Nueva Sabana copper-gold mine.
Average Trading Volume: 3,919,965
Technical Sentiment Signal: Sell
Current Market Cap: A$25.31M
See more insights into AAU stock on TipRanks’ Stock Analysis page.