Gold Equivalent Ounce Production of 11,163 GEO for the 1st Quarter 2025 Record Production of 7,228, GEO from Heap Leach operations during the quarter 2025 Production Guidance Increased to 55,000 - 60,000 GEO Underground Production commencing in H2/2025 Cerrado Gold Inc. announces production results for the first quarter ended March 2025 from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina . Full quarterly [...]
Argentina set to remove Capital Controls or "el cepo" as of Monday, April 14 International Monetary Fund to provide new $20 Billion in funding World Bank to Provide an additional support package of $12 Billion and the Inter-American Development Bank will provide a further $10 Billion over three years Currency set to initially be allowed to float in the range of 1,000 -1,400 Pesos to the Dollar New Policy will simplify [...]
US$5 million payment completes balance of the purchase price for MDN MDN purchase price consideration totals US$47 million Over ~200,000 Gold Equivalent Ounces produced at MDN since its acquisition in 2020 to year end 2024 Cerrado Gold Inc. has paid the final US$5 million instalment of the purchase price to the vendors of the Minera Don Nicolas gold mine in Argentina . In aggregate, the purchase price for the acquisition [...]
Metallurgical test work on Master Composite reaffirms production of DRI grade iron concentrate with combined Silica and Alumina below 2.5%; DRI grade concentrate demand to grow at a CAGR of over 9.0% p.a. for the next decade according to industry forecasts Enhanced economic magnetite iron recovery of 83%; Variability test work of the primary domains has commenced; Additional test work focused on equipment sizing is now [...]
Cerrado is building undervalued world class assets to drive significant cash flow Attractive opportunity to acquire 80% of the robust Lagoa Salgada VMS Project with a Post-tax NPV of US$147 million and a 39% IRR in current Feasibility Study. Adds substantial precious metals and critical minerals exposure Expected lowest cost quartile production with US$0.59/lb Zinc Equivalent All in sustaining cost for the first 5 years [...]
Annual Gold Equivalent Ounce Production of 54,494 GEO; in line with Guidance of 50,000 - 60,000 GEO. Q4 Production of 10,431 GEO impacted by lower than planned ore grades from residual open pits. Record Production of 5,956, GEO from Heap Leach operations during the quarter. Received Asset Sale and Option payments totaling $34 MM during the quarter, significantly strengthening the balance sheet. 2025 Production Guidance of [...]
Initial US$4 Million Peso Equivalent Option Payment received which further strengthens balance sheet Remaining consideration of US$10 Million Pesos equivalent payable on exercise; within 3 years Company well-positioned to drive future growth via its existing operating Minera Don Nicolas gold mine in Argentina and its Mont Sorcier development project in Quebec Company issues loan to Ascendant Resources Inc.[...]
Initial US$4 Million Option Payment; Further strengthening balance sheet Remaining consideration of US$10 Million payable on exercise within 3 years Company well-positioned to drive future growth via its operating Minera Don Nicolas gold mine in Argentina and its Mont Sorcier High Grade Iron Ore development project in Quebec Cerrado Gold Inc. announces that it and its wholly owned subsidiary, Minera Don Nicolas S.A [...]
Detailed Metallurgical test work is ongoing and reaffirms production of DRI grade, 67%+ or better iron concentrate with combined Silica and Alumina below 2.5% Work Programs initiated and DRA Global appointed to deliver NI 43-101 Bankable Feasibility Study by end of Q1 2026 2022 PEA on Mont Sorcier provided an NPV8% of US$1.6 Billion for a 21-year mine life producing 5MT of Iron Concentrate per year generating US$348M per [...]
Cerrado Gold announces its operational and financial results for the third quarter including its Minera Don Nicolas gold project in Santa Cruz Province, Argentina and its Mont Sorcier High Quality Iron Project. The Company's Q3/24 financial results continue to consolidate the expenses, assets, and liabilities related to the Monte Do Carmo gold project as the sale of MDC to Amarillo Mineração do Brasil, a wholly-owned [...]
Cerrado Gold announces that the TSXV has accepted the Company's notice to implement a normal course issuer bid permitting the Company to repurchase, for cancellation, up to 5,170,903 common shares of the Company, representing 5% of the issued and outstanding Common Shares. The NCIB will commence on Nov 15, 2024 and will terminate on the earlier of the Company purchasing 5,170,903 Common Shares, the Company providing [...]
Cerrado Gold announces that it has completed the sale of its 100% interest in the Company's Monte Do Carmo project to Amarillo Mineração do Brasil, a wholly-owned subsidiary of Hochschild Mining, in connection with the exercise of its option pursuant to an option agreement entered into on March 5, 2024. In connection with the closing of the Transaction, Cerrado received closing cash payments totaling US$30 million from [...]
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