Antilles Gold (AU:AAU)
ASX:AAU
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Antilles Gold
(Sydney:AAU)
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Rating:46Neutral
Price Target:
AU$0.01
▲(20.00% Upside)
Action:ReiteratedDate:04/08/26
The score is held down primarily by weak and volatile operating performance and persistent cash burn despite a low-debt balance sheet. Technical indicators also lean mildly bearish with price below key short-term averages and a negative MACD. Valuation appears moderate on P/E, but limited income return (no dividend yield provided) and the lack of sustainable cash generation constrain upside.
Positive Factors
Low leverage / strong balance sheet
Consistently minimal debt and a sizable equity base give Antilles Gold durable financial flexibility to fund exploration, withstand project delays, and pursue joint ventures or farm-outs without immediate refinancing pressure. This reduces insolvency risk and supports multi‑year project timelines.
Negative Factors
Persistent operating cash burn
Negative operating and free cash flow across multiple years indicates the business cannot self‑fund development and relies on external capital. Over 2–6 months this structural cash burn raises dilution and financing risk and constrains the ability to advance projects without new funding or partner deals.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Consistently minimal debt and a sizable equity base give Antilles Gold durable financial flexibility to fund exploration, withstand project delays, and pursue joint ventures or farm-outs without immediate refinancing pressure. This reduces insolvency risk and supports multi‑year project timelines.
Read all positive factors
Antilles Gold (AAU) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$43.84M
Dividend YieldN/A
Average Volume (3M)3.53M
Price to Earnings (P/E)14.0
Beta (1Y)0.45
Revenue GrowthN/A
EPS GrowthN/A
CountryAU
Employees183
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)<0.01
Shares Outstanding3,131,071,800
10 Day Avg. Volume2,386,815
30 Day Avg. Volume3,527,811
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)0.79
Price to Sales (P/S)0.00
P/FCF Ratio-18.00
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
74
Positive
Cash Flow
21
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 22.64K | 6.93K | ― |
| Gross Profit | -23.53K | 0.00 | -225.00K | -341.25K | -249.00K |
| EBITDA | -776.96K | 1.23M | -3.00M | -2.79M | -2.41M |
| Net Income | 1.14M | -506.00K | -4.13M | -7.75M | -3.83M |
Balance Sheet | |||||
| Total Assets | 21.05M | 15.62M | 29.13M | 27.64M | 31.12M |
| Cash, Cash Equivalents and Short-Term Investments | 3.96M | 409.98K | 1.28M | 2.77M | 3.33M |
| Total Debt | 64.81K | 99.22K | 421.65K | 723.16K | 83.30K |
| Total Liabilities | 1.01M | 855.64K | 15.52M | 16.40M | 18.42M |
| Stockholders Equity | 20.04M | 14.76M | 13.60M | 11.24M | 12.70M |
Cash Flow | |||||
| Free Cash Flow | -883.90K | -2.81M | -5.04M | -4.44M | -2.70M |
| Operating Cash Flow | -883.90K | -1.13M | -2.45M | -3.23M | -2.70M |
| Investing Cash Flow | 311.66K | -2.53M | -4.41M | -4.62M | -3.17M |
| Financing Cash Flow | 4.25M | 2.83M | 5.35M | 6.47M | 5.33M |
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% | |
52 Neutral | AU$51.83M | 3.40 | 7.66% | ― | 400.00% | 21.71% | |
47 Neutral | AU$34.29M | 0.22 | 124.08% | ― | ― | -860.00% | |
46 Neutral | AU$43.84M | 13.96 | 6.82% | ― | ― | ― | |
45 Neutral | AU$53.69M | -3.39 | -35.89% | ― | ― | -4.00% | |
42 Neutral | AU$47.05M | -1.91 | -342.09% | ― | ― | 40.17% | |
40 Underperform | AU$45.46M | -3.34 | -9.31% | ― | ― | -17.27% |
* Basic Materials Sector Average
AU:AAU
Antilles Gold
0.01
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40.00%
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Antilles Gold Corporate Events
Antilles Gold Files Updated Corporate Governance Statement and Appendix 4G
Mar 31, 2026
Antilles Gold has lodged its latest corporate governance statement with the ASX, advising investors that the document is current as of 30 March 2026 and is available on the company’s website. The accompanying Appendix 4G confirms the company...
Antilles Gold Releases 2025 Annual Report
Mar 31, 2026
Antilles Gold Limited has released its annual report for the year ended 31 December 2025, detailing its corporate governance, project reviews, directors’ report, financial statements, and auditor’s opinion. The document provides invest...
Antilles Gold Sets Date for 2026 AGM and Director Nomination Deadline
Mar 30, 2026
Antilles Gold has scheduled its next Annual General Meeting for 28 May 2026, aligning with its obligations under the ASX Listing Rules and its Constitution. The company will release further details for shareholders in a Notice of Meeting to be lod...
Antilles Gold Issues New Shares Following Option Exercise Under Disclosure Exemption
Mar 23, 2026
Antilles Gold Limited has issued 8,603,733 fully paid ordinary shares at A$0.01 each following the exercise of listed AAUO options under its previously announced pro-rata non-renounceable entitlement offer. The company confirmed that these securit...
Antilles Gold Seeks ASX Quotation for 8.6 Million New Shares
Mar 23, 2026
Antilles Gold Limited has applied to the ASX for quotation of 8,603,733 additional ordinary fully paid shares, following the issue of these securities on 23 March 2026. The new shares, which arise from the exercise or conversion of existing option...
Antilles Gold Plans Major Share and Option Issue on ASX
Mar 18, 2026
Antilles Gold Limited has lodged an Appendix 3B with the ASX outlining a proposed capital raising via a placement of up to 250,000,000 new fully paid ordinary shares and 125,000,000 options. The options are to be exercisable at $0.03 each on or be...
Antilles Gold Calls April 2026 General Meeting of Shareholders
Mar 18, 2026
Antilles Gold Limited has called a general meeting of shareholders to be held on 20 April 2026 at its registered office in Bowral, New South Wales. The notice, authorised by the company secretary, outlines arrangements for the meeting and the avai...
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$...
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.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.