Antilles Gold (AU:AAU)
ASX:AAU
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Antilles Gold
(Sydney:AAU)
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Rating:47Neutral
Price Target:
AU$0.01
▲(30.00% Upside)
Action:ReiteratedDate:01/20/26
The score is primarily held back by weak financial performance—zero recent revenue, persistent losses, and negative operating/free cash flow indicating ongoing funding needs. Technicals provide a modest lift (price above the 20-day average and positive MACD), but the very high RSI suggests overextended momentum. Valuation impact is neutral because P/E and dividend yield data were not provided.
Positive Factors
Low leverage / balance sheet flexibility
Minimal debt provides durable financial flexibility for an early-stage miner, lowering refinancing risk and enabling the company to fund exploration or development via equity or project financing without immediate heavy interest burdens. This supports multi‑month development timelines.
Negative Factors
Zero reported revenue in 2024
Absence of operating revenue means the company cannot self-fund development or demonstrate commercial production; sustained losses erode equity and force repeated financings or asset sales, delaying project timelines and increasing dilution risk over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / balance sheet flexibility
Minimal debt provides durable financial flexibility for an early-stage miner, lowering refinancing risk and enabling the company to fund exploration or development via equity or project financing without immediate heavy interest burdens. This supports multi‑month development timelines.
Read all positive factors
Antilles Gold (AAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$40.68M
Dividend YieldN/A
Average Volume (3M)3.53M
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees183
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding3,129,563,500
10 Day Avg. Volume2,386,815
30 Day Avg. Volume3,527,811
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.15
Price to Sales (P/S)0.00
P/FCF Ratio-0.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Antilles Gold Business Overview & Revenue Model
Company Description
Antilles Gold Limited engages in the exploration, evaluation, and development of gold and silver properties. Its flagship project is the La Demajagua gold/silver project located on the Isle of Youth, Cubal. The company was formerly known as PanTer...
How the Company Makes Money
Antilles Gold’s expected revenue model is tied to successfully developing mineral projects and then monetizing them through (a) production and sale of mineral concentrates/metal (primarily gold and copper) once a mine is constructed and operating,...
Antilles Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| 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
UnderperformOutperform
Sector (61)
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% | |
47 Neutral | AU$40.68M | -8.22 | -2.10% | ― | ― | ― | |
47 Neutral | AU$32.44M | 0.22 | 124.08% | ― | ― | -860.00% | |
40 Underperform | AU$41.56M | -3.34 | -9.31% | ― | ― | -17.27% | |
40 Underperform | AU$6.04M | -4.23 | 114.73% | ― | ― | -237.50% |
* Basic Materials Sector Average
AU:AAU
Antilles Gold
0.01
<0.01
30.00%
DE:AVI
Viking Mines Limited
0.01
>-0.01
-37.50%
AU:ZAG
Zuleika Gold Limited
0.04
0.03
250.00%
AU:PGO
Pacgold Limited
0.10
0.03
37.14%
AU:NME
Nex Metals Explorations Ltd
0.02
>-0.01
-28.00%
Antilles Gold Corporate Events
Antilles Gold Issues New Shares on Exercise of Listed Options
Mar 16, 2026
Antilles Gold has issued 74,483 fully paid ordinary shares at A$0.01 each following the exercise of listed AAUO options, stemming from a pro-rata non-renounceable entitlement offer launched in June 2024. The company confirmed the shares were issue...
Antilles Gold seeks ASX quotation for new ordinary shares
Mar 16, 2026
Antilles Gold Limited has applied for quotation on the ASX of 74,483 new fully paid ordinary shares, issued on March 16, 2026. The additional securities arise from the exercise or conversion of existing options or other convertible instruments, mo...
Antilles Gold Secures US$5m Royalty Funding for Cuban Mine Build
Mar 16, 2026
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...
Antilles Gold Issues New Shares Following AAUO Option Exercises
Mar 10, 2026
Antilles Gold has issued 2,393,878 fully paid ordinary shares at A$0.01 each following the exercise of listed AAUO options under a previously announced pro-rata non-renounceable entitlement offer. The company confirmed that the shares were issued ...
Antilles Gold Seeks ASX Quotation for New Share Issue
Mar 10, 2026
Antilles Gold has applied to the ASX for quotation of 2,393,878 new ordinary fully paid shares, issued on 9 March 2026. The additional AAU securities, arising from the exercise or conversion of existing instruments, will expand the company’s...
Antilles Gold Issues New Shares Following Option Exercises
Mar 2, 2026
Antilles Gold Limited has issued 6,190,000 fully paid ordinary shares at A$0.01 each following the exercise of listed AAUO options, completing a step in its previously announced pro-rata non-renounceable entitlement offer. The company advised that...
Antilles Gold Seeks ASX Quotation for 6.19 Million New Shares
Mar 2, 2026
Antilles Gold Limited has applied to the Australian Securities Exchange for quotation of 6,190,000 new ordinary fully paid shares, dated March 3, 2026. The securities, issued on March 2, 2026, arise from the exercise or conversion of existing opti...
Antilles Gold Sets Up Facility to Streamline Option Exercises
Mar 2, 2026
Antilles Gold has reported that holders of its listed AAUO options have recently begun exercising their securities, each of which can be converted into one ordinary share at an exercise price of $0.01 before 31 December 2026. In response, the comp...
Antilles Gold Seeks Investor Nod for Director’s Increased Stake and Option Package
Feb 25, 2026
Antilles Gold plans to seek shareholder approval in April 2026 for a share placement that would allow director John Zhang to lift his stake from 18.96% to a targeted 20% while remaining below the takeover threshold. The placement, priced at the hi...
Antilles Gold Seeks ASX Quotation for 5 Million New Shares
Jan 30, 2026
Antilles Gold Limited has lodged an application with the ASX for the quotation of 5,000,000 new fully paid ordinary shares. The securities, issued on 29 January 2026 following the exercise or conversion of existing options or other convertible sec...
Antilles Gold Appoints Finance Manager to Bolster Cuban Mining Joint Venture
Jan 27, 2026
Antilles Gold has appointed Spanish finance executive Natalia Gutiérrez Barón as Finance Manager for its 50%-owned Cuban joint venture Minera La Victoria SA, which is developing the Nueva Sabana and La Demajagua mining projects. Guti...
Antilles Gold JV Launches Multi‑Year Drilling Push in Cuba Ahead of Nueva Sabana Start‑Up
Jan 19, 2026
Antilles Gold’s Cuban joint venture Minera La Victoria SA is establishing a dedicated in‑house drilling team, supported by EPC contractor Xinhai Mining and two deep-capacity rigs, to execute multi‑year exploration programs across...
Antilles Gold Appoints New Director with Major Shareholding
Jan 12, 2026
Antilles Gold Limited has appointed Zhang Zhongyi as a director effective 13 January 2026, and has disclosed his initial interests in the company’s securities in accordance with ASX Listing Rule 3.19A.1. Zhang holds 590,000,000 fully paid or...
Antilles Gold Adds Xinhai Nominee to Board as Strategic Stake Backs Cuban Mines
Jan 12, 2026
Antilles Gold has appointed Zhongyi (John) Zhang as a Non-Executive Director following his nomination by strategic partner Shandong Xinhai Mining, which has acquired a 19% stake in the company under a binding memorandum of understanding related to...
Antilles Gold Advances Cuban Nueva Sabana Mine with Construction Start and Secured Funding
Jan 11, 2026
Antilles Gold has commenced construction of the Nueva Sabana copper-gold mine in Cuba through its 50%-owned joint venture Minera La Victoria SA, with work already underway on access roads, earthworks, tailings dam, haul roads, and utilities. A US$...
Antilles Gold Advances Nueva Sabana Mine with US$29.5m EPC Deal and Vendor Credit
Jan 4, 2026
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 Cu...
Antilles Gold Redirects A$3.25m Liquidation Proceeds to Cuban Mine Development
Dec 23, 2025
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-bearin...
Antilles Gold Signs Core Agreements for Nueva Sabana Copper-Gold Mine in Cuba
Dec 22, 2025
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 Vi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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