Antilles Gold (AU:AAU) has released an update.
Antilles Gold has announced promising results from the updated scoping study for the Nueva Sabana gold-copper mine in Cuba, predicting an estimated operating profit of $60 million in the first 22 months. The mine’s initial stage is projected to have a 4.8-year life with additional exploration potential to extend its lifespan and enhance its net present value. Antilles Gold is negotiating an off-take agreement to secure advanced payments for concentrate to fund construction costs.
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