Cerrado Gold Inc.

Cerrado Gold and Ascendant Resources are pleased to announce the successful completion of the previously announced plan of arrangement under the Business Corporations Act pursuant to which Cerrado has acquired all of the issued and outstanding common shares of Ascendant that it did not already own. The Arrangement was carried out pursuant to the terms of the arrangement agreement between Ascendant and Cerrado dated [...]

Ascendant Resources is pleased to announce that it has received a final order from the Ontario Superior Court of Justice approving the previously announced plan of arrangement with Cerrado Gold. Closing of the Arrangement remains subject to customary closing conditions. Assuming the satisfaction or waiver of these remaining closing conditions, it is anticipated that the Arrangement will be completed on or around May 16 [...]

Annual production of 54,494 Gold Equivalent Ounces ; in-line with guidance Adjusted EBITDA of $4.5 million for Q4, and $24.4 million for the full year excluding project sales proceeds from sale of Monte Do Carmo Received $34 million in Asset sale and Option payment proceeds in Q4: Received $49 million for the full year with up to $25 million due in the coming years. Continued strengthening of the Balance sheet with a [...]

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. [...]