Antilles Gold (ASX:AAU) said its subsidiary will not be required to act as an intermediary in the sales process for the concentrates from the Nueva Sabana copper-gold mine in Cuba as previously planned, according to a Monday Australian bourse filing.
The mining company Minera La Victoria signed agreements to sell concentrates from the Nueva Sabana copper-gold mine directly to a major commodities trader.
Minera La Victoria requested the subsidiary to accelerate its discussions with several potential financiers for the Nueva Sabana mine construction.
The unit is focused on finalizing a binding agreement between Minera La Victoria and the turnkey supplier of the concentrator for the Nueva Sabana mine, which would defer $10 million of progress payments until 12 months after commissioning of the mine, the filing said.
It will also continue negotiations on a potential $10 million gold royalty for Minera La Victoria that would apply to the 44,000 ounces of gold forecast in the pre-feasibility study to be produced in a concentrate over the first 18 months of mining.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。