Antilles Gold Limited

Description

Antilles Gold Limited is an Australian-listed company developing a portfolio of gold, silver, antimony, and copper projects in Cuba through its 50:50 joint venture with state entity GeoMinera. Its flagship La Demajagua project on the Isle of Youth had targeted commissioning in mid-2027 as an open-pit operation producing approximately 75,000 ounces of gold-equivalent annually, alongside a smaller Nueva Sabana copper-gold project and exploration interests at El Pilar and Los Llanos.

All project construction and feasibility work have been frozen since June 2026 due to US sanctions restricting American participation in Cuban mining ventures, and ASX trading in the company's shares has been halted. In September 2026, Global Emerging Markets filed formally with the US Department of State seeking to acquire a 25% stake in the Cuban holding entity as a first step toward potential OFAC licensing and sanction resolution, though no timeline is guaranteed and both projects remain suspended pending US government decisions outside the company's control.

Weakness

List of projects

1. La Demajagua — 50% interest (GeoMinera JV, renegotiation pending), Isle of Youth, Cuba; metals: Gold, Silver, Antimony.
2. Nueva Sabana — Cuba; metals: Copper, Gold.
3. El Pilar — Cuba; metals: Copper, Gold.
4. Los Llanos — Cuba; metals: Copper, Gold.

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