InvestSMART

Antilles Gold Limited (ASX:AAU)

ALERT: Price-sensitive ASX Announcement for AAU
Current share price for AAU : $0.007 0 (0%)+
Announcement
Release
30 Jul 2026 11:46AM
Price at Release
$0.007
Full Release
download
Summary
Antilles Gold Limited reported its Appendix 5B cash flow for the quarter ending 30 June 2026, highlighting a net cash outflow of US$247,000 from operating activities and US$2,014,000 from investing activities due to joint venture loans. The company's cash and cash equivalents stood at US$1,590,000 by the quarter's end. Significant corporate focus was placed on dealing with US sanctions affecting its Cuban joint venture, Minera La Victoria SA. Construction activities at the Nueva Sabana mine progressed under an EPC contract with Shandong Xinhai Mining Group. Efforts to lift the US sanctions included discussions with potential US investors. Payments to directors amounted to US$61,000, and financing activities generated US$1,407,000 from equity securities.
Key Points
  • Antilles Gold Limited reported a net cash outflow from operating activities of US$247,000 for the quarter ended 30 June 2026.
  • Cash and cash equivalents at the end of the quarter were US$1,590,000.
  • The company's subsidiary, Antilles Gold Inc, suspended its participation in the Cuban joint venture Minera La Victoria SA due to US sanctions.
  • Payments totaling US$61,000 were made to directors during the quarter.
  • The company is negotiating to potentially lift the sanctions imposed by the US Department of Treasury's OFAC on the joint venture.
  • Construction at the Nueva Sabana mine in Cuba includes access roads and earthworks, supported by Shandong Xinhai Mining Group under an EPC contract.
  • Antilles Gold Limited's cash flows from investing activities showed a net outflow of US$2,014,000, primarily due to loans advanced to the joint venture.
  • Financing activities included proceeds of US$1,407,000 from equity securities.
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.