Metallurgical test work confirms DRI grade iron concentrate with combined Silica and Alumina below 2.5% Cerrado Gold Inc. is pleased to announce positive metallurgical test results confirming the ability to produce High Purity, DRI Grade iron concentrates at its Mont Sorcier magnetite iron ore project located near Chibougamau, Quebec held through [...]
Cerrado Gold Inc. announces production results for the fourth quarter of 2023 from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina . Full financial results are expected to be released in late April 2024. Q4 Operating Highlights Q4 2023 GEO production of 15,202 ounces and annual GEO production of 51,688 ounces for 2023. Ramp-up of [...]
Cerrado Gold Inc. announces in connection with the US$20 million secured note issued by Cerrado to Sprott Resource Streaming and Royalty Corp. to facilitate funding of the gold and silver stream agreement in advance of commercial production at its Monte do Carmo Project, Cerrado has elected to pay interest due December 31, 2023, in shares. Pursuant [...]
Feasibility Study Highlights After-Tax NPV5% of US$390 million and IRR of 34% Average annual gold production of 95,212 ounces per annum over 9-year Life of Mine Average AISC of US$687 per ounce over LOM Initial Capex of US$181.4 million 2.15x NPV/Initial Capex Ratio Annual average free cash flow of $87 million over the LOM, with total cumulative [...]
Indicative Terms for up to US$175m in a potential UKEF Supported Project Financing Banco Santander S.A. appointed as Mandated Lead Arranger due to extensive experience in ECA and Resources sector financing with a significant presence Brazil Cerrado Gold Inc. is pleased to announce that further to the October 18, 2023 announcement in relation to [...]
Q3 Production of 10,082Gold Equivalent Ounces Q3 results impacted by severe weather conditions Operations back on track in October and November with shipments of approximately 5,600 and 5,470 GEO, respectively Minera Don Nicolas Expansion Capital Expenditure program now largely complete Cerrado Gold Inc. announces the operational and financial [...]
Indicative Terms for up to US$598m in a potential UKEF Supported Project Financing Company in final stages of appointing the Mandated Lead Arranger for Monte Do Carmo, Brazil Cerrado Gold Inc. is pleased to announce that further to the October 18, 2023 announcement in relation to potential Export Credit Agency Supported Project Financing of up to [...]
In a release under the same headline released Thursday November 2, 2023 by Cerrado Gold Inc. , please note that the results in original press release were impacted by a computational error which resulted in incorrect NPV and IRR figures being published. As a result, the After Tax NPV5% declined to $369 million from $401 million and the IRR declined [...]
Including an After-Tax NPV5% of Us$401.4 Million and an IRR of 34% Highlights After-Tax NPV of US$401.4 million and IRR of 34% Average annual gold production of 94,797 ounces per annum over 9 year Life of Mine Average AISC of US$711 per ounce over LOM Initial Capex of US$186.6 million Annual average free cash flow of $90 million over the LOM, with [...]
Cerrado Gold Inc. announces production results for the third quarter of 2023 from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina . Full financial results are expected to be released in late November 2023. Q3 Operating Highlights Q3 2023 GEO production of 9,544 ounces compared to 12,453 ounces in Q2 2023 and 11,284 ounces Q3 2022 [...]
Two Banks selected to act separately as Mandated Lead Arrangers for Monte Do Carmo gold project, Brazil and for the Mont Sorcier iron project expects to complete on-boarding and appointment process in coming weeks Cerrado Gold Inc. is pleased to announce that it has completed the tender process for its Export Credit Agency Supported Non-Recourse [...]
Highly experienced Process Engineer with expertise in completing and optimizing technical studies and delivering new projects into operation; Strengthens Cerrado's Technical capability to transition into the project development phase Cerrado Gold Inc. is pleased to announce that it has strengthened its technical team with the addition of Mr. Val [...]
