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Antilles Gold
(OTC:AAU)
Antilles Gold (AAU) vs. iShares MSCI Australia ETF (EWA)
Antilles Gold Business Overview & Revenue Model
Antilles Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.49K | 0.00 | 22.64K | 6.93K | ― | 5.44M |
| Gross Profit | -60.36K | 0.00 | -225.00K | -341.25K | -249.00K | 2.90M |
| EBITDA | -383.62K | 1.23M | -3.00M | -2.79M | -2.41M | 4.38M |
| Net Income | -319.34K | -506.00K | -4.13M | -7.75M | -3.83M | 3.72M |
Balance Sheet | ||||||
| Total Assets | 16.66M | 15.62M | 29.13M | 27.64M | 31.12M | 31.57M |
| Cash, Cash Equivalents and Short-Term Investments | 474.26K | 409.98K | 1.28M | 2.77M | 3.33M | 3.88M |
| Total Debt | 113.06K | 99.22K | 421.65K | 723.16K | 83.30K | 16.14K |
| Total Liabilities | 994.15K | 855.64K | 15.52M | 16.40M | 18.42M | 20.69M |
| Stockholders Equity | 15.67M | 14.76M | 13.60M | 11.24M | 12.70M | 10.88M |
Cash Flow | ||||||
| Free Cash Flow | -197.59K | -2.81M | -5.04M | -4.44M | -2.70M | -3.54M |
| Operating Cash Flow | -197.59K | -1.13M | -2.45M | -3.23M | -2.70M | -3.54M |
| Investing Cash Flow | -937.92K | -2.53M | -4.41M | -4.62M | -3.17M | 564.02K |
| Financing Cash Flow | 1.23M | 2.83M | 5.35M | 6.47M | 5.33M | -34.70K |
Antilles Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$41.71M | -11.32 | -28.59% | ― | ― | -860.00% | |
47 Neutral | AU$31.07M | ― | ― | ― | ― | ― | |
45 Neutral | AU$38.70M | -7.67 | -8.32% | ― | ― | -17.27% | |
44 Neutral | AU$6.37M | -3.52 | ― | ― | ― | -237.50% |
Antilles Gold Corporate Events
Antilles Gold has issued a formal Notice to Proceed under a US$29.5 million fixed-price engineering, procurement and construction contract to China’s Yantai Xinhai Mining for the development of the Nueva Sabana copper-gold mine in central Cuba. The EPC package covers about 85% of the remaining US$35 million in project development costs, significantly reducing capital expenditure risk, while the remaining US$6.5 million for site works and infrastructure is being handled by the joint venture vehicle Minera La Victoria SA, which began these activities in December 2025. In a move that strengthens project financing and eases near-term funding pressure, Xinhai Mining will also extend a US$17.1 million credit facility by deferring a portion of its progress payments until up to 18 months after the mine is commissioned, supporting Antilles Gold’s strategy to bring Nueva Sabana into production and ultimately generate cash flow for wider exploration across its Cuban portfolio.
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.
Antilles Gold has received an interim distribution of approximately A$3.25 million from the voluntary liquidation of its former subsidiary EnviroGold (Las Lagunas) Limited. The company will channel these funds into a 20‑month interest-bearing secured loan as part of a US$5 million facility to its 50%-owned joint venture Minera La Victoria SA, helping finance construction of the Nueva Sabana copper-gold mine in central Cuba, a key near-term producer expected to generate cash flow for further exploration of major copper targets in the country.
Antilles Gold has executed three key agreements underpinning the development of the Nueva Sabana copper-gold mine in central Cuba, including a binding memorandum of understanding that formalises the role of its 50%-owned joint venture Minera La Victoria SA, grants Xinhai Mining first rights to negotiate and partly fund an EPC contract for the La Demajagua project, and provides Antilles Gold Inc with an option to purchase antimony output at prevailing Chinese prices. The company has also signed an EPC contract with Xinhai for Nueva Sabana and a Construction Administration Agreement appointing Antilles Gold Inc to manage and oversee that contract, while it works with legal advisers to document and secure construction funding for Nueva Sabana and finalise revised joint venture terms that clarify governance, confirm a US$15 million capital contribution, and allow Minera La Victoria to pursue multiple projects and bring in third-party partners for large porphyry copper developments.
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.
Antilles Gold Limited announced the nearing completion of the voluntary liquidation of its former subsidiary, EnviroGold (Las Lagunas) Limited. The liquidation process has seen the sale or scrapping of equipment, completion of site rehabilitation, and full payment to staff. A settlement agreement with the Dominican Republic’s Minister for Energy and Mines has resulted in a net entitlement of approximately A$4.2 million for EnviroGold. Creditors, including Antilles Gold Technologies Pty Ltd, are expected to receive their pro-rata entitlement from the liquidation proceeds by the end of the year. The decision to pursue a US$750,000 judgment against a local crane hire company remains pending.
Antilles Gold Limited has announced the late lodgement of three Appendix 3Y notices related to the expiry of listed options. The delay was due to an administrative oversight, and the company has protocols in place to ensure compliance with ASX listing rules. Antilles Gold has reviewed its processes and considers its current disclosure arrangements appropriate, emphasizing that this incident was an isolated case.
Antilles Gold Limited has announced a change in the director’s interest, specifically regarding Ugo Cario’s indirect holdings. As of June 30, 2025, 817,680 listed options held by Cario through Asgard Capital Management Ltd have expired, reducing his holdings of listed options to 259,128 while maintaining 1,036,512 fully paid ordinary shares. This change reflects a significant reduction in Cario’s option holdings, which may impact his influence or financial interests in the company.
Antilles Gold Limited announced a change in the director’s interest notice, specifically regarding Angela Mary Pankhurst. The change involved the expiration of 330,416 listed options on June 30, 2025, resulting in a decrease in her holdings of listed options from 608,648 to 278,232, while her fully paid ordinary shares remain unchanged at 1,112,928. This update reflects a routine adjustment in the director’s securities holdings, with no immediate impact on the company’s operations or market positioning.
Antilles Gold Limited announced a change in the director’s interest, specifically regarding the expiration of listed options held by director Brian Godfrey Johnson. The expiration of these options, which occurred on June 30, 2025, resulted in a reduction of listed options held by the director through various entities, impacting the company’s securities structure.
Antilles Gold Limited has released an updated corporate presentation to be used in non-deal presentations to potential investors in Hong Kong and other parties introduced by Xinhai Mining. This move comes as Mr. Zhongyi (John) Zhang, a nominee from Xinhai Mining, becomes the largest shareholder in the company with a 19% stake. This strategic development could enhance Antilles Gold’s market positioning and attract further investments, potentially impacting its operations and stakeholder interests positively.
Antilles Gold Limited has announced a change in the director’s interest, specifically for Director James Ronan Tyers. The change involves the acquisition of 2,400,000 fully paid ordinary shares and the expiration of 955,631 listed options. This adjustment results in Tyers holding a total of 11,877,391 fully paid ordinary shares and 2,505,249 listed options. This change reflects the vesting of performance share rights under the Antilles Gold Performance Rights Plan, which could impact the company’s stock dynamics and stakeholder interests.
Antilles Gold Limited has announced the quotation of 4,733,334 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move, part of an employee incentive scheme, is expected to bolster the company’s capital structure and potentially enhance its market presence.
Antilles Gold Limited has issued 290,000,000 fully paid ordinary shares at A$0.007 per share to Mr. Zhang Zhongyi as part of a share subscription agreement. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act, indicating no excluded information exists for the purposes of sections 708A(7) and 708A(8).
Antilles Gold Limited has announced the application for quotation of 290,000,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s capital structure, potentially impacting its market positioning and providing opportunities for stakeholders.
Antilles Gold Limited has commenced site clearing for the Nueva Sabana copper-gold mine in Cuba, with construction expected to begin shortly. The project, developed through a joint venture, aims to commission the mine by the end of 2026 and is projected to generate significant surplus cash over its lifespan. A drilling program is planned to explore further potential and extend the mine’s life.
Antilles Gold Limited has announced a new in-fill drilling program for its La Demajagua gold-silver-antimony mine in Cuba, set to begin in early 2026. This initiative aims to enhance resource classification and potentially increase antimony resources, with the results feeding into a Definitive Feasibility Study (DFS) expected by Q3 2027. The DFS will explore the production of a bulk gold-arsenopyrite concentrate and assess the potential for producing high-purity antimony ingots for international markets. The project is expected to benefit from increased metal prices and surplus cash from Antilles Gold’s Nueva Sabana mine, facilitating easier project financing and potentially improved returns.
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.
Antilles Gold’s joint venture, Minera La Victoria SA, is advancing the Nueva Sabana and La Demajagua mining projects in Cuba, with the Nueva Sabana mine being fully permitted and construction-ready. The venture benefits from minimized country credit risk, tax incentives, and rapid permitting due to its association with GeoMinera. The company has invested significantly in pre-development costs and is preparing an updated financial analysis reflecting increased costs and metal prices. The Nueva Sabana project will initially produce gold concentrate, followed by a copper-gold concentrate, with off-take agreements already in place.
Antilles Gold has announced changes in the association of its substantial shareholders, specifically involving Zbongyi Zhang, who is located in Beijing, China. This development may impact the company’s voting interests and stakeholder dynamics, as it involves alterations in the nature of associations with substantial holders.
Antilles Gold Limited has announced a general meeting scheduled for November 21, 2025, where shareholders will vote on several resolutions concerning the ratification and approval of placement securities. The meeting will address the ratification of prior issues of placement shares and options, including those related to the Xinhai Placement, and seek approval for issuing additional Tranche 2 Xinhai Placement Shares. These resolutions are crucial for the company’s capital management and strategic partnerships, potentially impacting its financial positioning and stakeholder relations.
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.
Antilles Gold Limited has issued 50 million fully paid ordinary shares at a price of A$0.007 per share to Mr. Zhang Zhongyi, as per a previously announced share subscription agreement. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and the company confirms compliance with relevant provisions of the Act, indicating transparency and adherence to regulatory requirements.
Antilles Gold Limited has announced the quotation of 50,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 10, 2025. This move is part of previously announced transactions and is expected to impact the company’s operations by potentially increasing its market capitalization and liquidity, thereby strengthening its industry positioning.