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Antilles Gold Limited (ASX:AAU)

ALERT: Price-sensitive ASX Announcement for AAU
Current share price for AAU : $0.007 -0.004 (-36.36%)+
Announcement
Release
18 Jun 2026 9:37AM
Price at Release
$0.011
Full Release
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Summary
Antilles Gold Limited (ASX: AAU) has reported U.S. sanctions against its Cuban joint venture, Minera La Victoria S.A (MLV), which has been designated as a Specially Designated National by the U.S. Department of Treasury for its involvement in Cuba's metals and mining sector. Holding a 50% stake in MLV through its subsidiary, Antilles Gold is in discussions with the U.S. Department of State to seek a resolution, though no outcomes are assured. Until further notice, Antilles Gold has halted its management and financial contributions to MLV and has suspended the Engineering, Procurement, and Construction (EPC) contract for the Nueva Sabana mine. The company remains committed to complying with U.S. sanctions and will update shareholders as the situation evolves.
Key Points
  • Antilles Gold Limited (ASX Code: AAU) is dealing with U.S. sanctions on its Cuban joint venture.
  • The joint venture company, Minera La Victoria S.A (MLV), has been identified as a Specially Designated National by the U.S. for operating in Cuba's metals and mining sector.
  • Antilles Gold's subsidiary, Antilles Gold Inc, holds a 50% share in MLV.
  • Discussions are ongoing with the U.S. Department of State, though outcomes are uncertain.
  • Antilles Gold has suspended its direct involvement in MLV's management and funding.
  • Engineering and construction activities on the Nueva Sabana mine are also suspended.
  • Antilles Gold is committed to complying with U.S. sanctions and will keep shareholders informed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.