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Antilles Gold
(Sydney: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$37.08M | -3.95 | -32.20% | ― | ― | -860.00% | |
52 Neutral | AU$54.11M | -4.42 | -7.66% | ― | ― | -17.27% | |
47 Neutral | AU$46.81M | -8.22 | -2.10% | ― | ― | ― | |
40 Underperform | AU$6.04M | -3.28 | 89.87% | ― | ― | -237.50% |
Antilles Gold Corporate Events
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 issued without a prospectus under Corporations Act provisions, stating it is compliant with financial reporting and continuous disclosure obligations and that no excluded information is being withheld from investors.
The notice, lodged under section 708 of the Corporations Act, effectively informs the market that the new securities rank equally and are not subject to additional disclosure requirements. This modest capital raising slightly expands Antilles Gold’s share base while signalling ongoing regulatory compliance, which may provide comfort to existing and prospective shareholders regarding governance and transparency.
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 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, modestly increasing the company’s quoted share capital and potentially affecting its liquidity and shareholder base.
The application, lodged as a new announcement on March 17, 2026, confirms compliance with ASX Listing Rule requirements for quotation of new securities. While relatively small in number, the new shares formalise prior commitments under convertible securities and signal incremental capital formation without detailing any associated changes to strategy or project funding in this release.
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 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.
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 without a prospectus under Corporations Act disclosure exemptions, and stated it is compliant with its financial reporting and continuous disclosure obligations, with no excluded information outstanding for investors.
The notice, authorised by the company secretary, formally advises the market that the new securities have been issued in accordance with sections 708(5) and 708(6) of the Corporations Act. This step modestly increases Antilles Gold’s share capital while signalling ongoing regulatory compliance and transparency to shareholders and the ASX.
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 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 quoted share capital and modestly increase its free float and liquidity for shareholders.
The application formalises the admission of these newly issued shares to trading on the exchange, aligning the company’s capital structure with prior option or convertible security activity. While the announcement is procedural in nature, it signals completed conversions that slightly dilute existing holdings while potentially broadening the investor base.
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 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 the shares were issued without a prospectus under relevant Corporations Act provisions and confirmed it is up to date with its financial reporting and continuous disclosure obligations, with no excluded information impacting investors’ assessment of the new securities.
The notice to the ASX underscores that Antilles Gold is relying on standard capital-raising exemptions available to compliant listed entities. This indicates the company is maintaining regulatory transparency while modestly expanding its share base, a routine move that slightly dilutes existing shareholders but supports ongoing funding flexibility within the constraints of Australian corporate law.
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 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 options or other convertible instruments, modestly expanding the company’s listed equity base and potentially enhancing liquidity for investors.
The additional quotation of shares reflects ongoing capital structure activity as Antilles Gold leverages its ASX listing for funding flexibility. While relatively small in scale, the move may incrementally broaden the shareholder register and supports the company’s capacity to finance operations and future initiatives within its sector.
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 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 company has appointed its share registry, Automic, to establish and administer an Option Exercise Facility, streamlining the process for optionholders and potentially accelerating the conversion of options into equity.
Automic will distribute personalised option exercise instructions to all optionholders via email or surface mail, outlining how to exercise some or all of their holdings. The move is expected to make it easier for investors to participate ahead of expiry, supporting liquidity in the company’s shares and strengthening Antilles Gold’s capital base as options are converted.
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 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 higher of the five-day VWAP or the last third-party placement price, will include free unlisted options on a one-for-two basis, underscoring Zhang’s confidence in the company’s Cuban growth pipeline and cementing the strategic backing of Xinhai Mining, which is providing about half the funding for the Nueva Sabana copper-gold project.
The board will also seek separate approval for any future option conversions that could push Zhang’s holding above 20%, signalling careful adherence to corporate governance and takeover rules. This move consolidates a major shareholder’s position at a critical development phase for Antilles Gold, potentially strengthening its financial footing and market positioning as it advances its Cuban mining ventures.
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 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 securities, will increase the company’s listed share capital and may modestly enhance liquidity for investors once admitted to trading.
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 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. Gutiérrez brings eight years of senior international trading experience and five years as a CFO in Cuba, where she has overseen financial structuring, treasury, operational systems, import operations, and regulatory liaison, and the company’s chairman says her appointment strengthens the local management team as it works to build a profitable mid-tier mining business in the country.
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’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 its La Demajagua and Nueva Sabana projects and several porphyry copper targets. The staged program begins with roughly 15,000m of infill drilling at La Demajagua in 2026 to better define antimony resources and support metallurgical test work for the definitive feasibility study, followed by extensive drilling at Nueva Sabana through 2027 to test near-surface gold targets, expand copper resources below the initial pit, and then assess in 2028 whether the underlying El Pilar porphyry copper system represents a much larger deposit; initial program funding of US$2.5m will be arranged by Antilles Gold, with subsequent exploration and DFS costs expected to be largely covered by retained earnings from Nueva Sabana once it begins production, positioning the venture for more continuous and cost‑efficient exploration without ongoing equity funding from the parent company.
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 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 ordinary shares in Antilles Gold, with no additional indirect holdings or relevant interests in contracts disclosed, signalling a substantial equity position by the new board member that may influence governance dynamics and align board oversight with shareholder interests.
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 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 Cuban mining developments. The board sees Zhang’s appointment and Xinhai Mining’s technical and financial backing as strengthening Antilles Gold’s governance and supporting the development of its Nueva Sabana copper-gold mine, underscoring the growing importance of its Cuban projects and strategic shareholder relationships.
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 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$29.5 million EPC contract has been formally awarded to China’s Shandong Xinhai Mining Technologies & Equipment, with mine construction scheduled for completion by the end of 2026, commissioning and initial gold concentrate output expected in January 2027, and first cash flows projected from gold concentrate sales in February or March 2027, followed by copper-gold concentrate sales for an overall mine life of about 4.6 years. The US$35 million development cost for Minera La Victoria is being funded via a mix of facilities, including a US$17.1 million credit line from Xinhai Mining, up to US$8 million in loans from Antilles Gold, and US$10 million in gold loans and concentrate prepayments, with loan documentation being finalized under Spanish and Cuban legal counsel. A previously reported pre-feasibility study indicates production of about 77,000 ounces of gold and 9,150 tonnes of copper in concentrate, generating an estimated US$164 million cash surplus over the mine life at assumed prices, with all project loans, including roughly US$10 million from Antilles Gold, expected to be repaid within the first 18 months of operations, implying a potentially material boost to the company’s cash position and financial flexibility if current higher metal prices persist.
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 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.