Australia's Antilles Gold jumps on arbitration against Dominican Republic

Antilles Gold

20/12/2022 03:05

** Shares of Antilles Gold Ltd  AAU.AX  jump as much as 9.7%
to A$0.034, on track for best day since Dec. 1
    ** The gold miner says it is progressing with a A$45 mln
($30.11 mln) arbitration against the Dominican Republic
government in World Bank's tribunal
    ** Says the government failed to meet contractual
obligations related to its gold tailings processing project
completed in December 2019
    ** Sees tribunal’s findings handed down by the end of
September 2023 
    ** Stock down 60.3% this year, as of last close
($1 = 1.4945 Australian dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))