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 [...]
Cerrado Gold announces that Amarillo Mineração do Brasil Ltda. a wholly-owned subsidiary of Hochschild Mining, has provided notice of exercise of its option, pursuant to an option agreement entered into on March 5, 2024, to purchase a 100% interest in the Company's Monte Do Carmo project for total consideration of US$60 million, subject to the achievement of certain milestones. Of the total US$60 million, US$15 million [...]
Q3 Production of 16,604 Gold Equivalent Ounces vs 16,255 GEO in Q2 and 11,204 in Q1, 2024. Calandrias Norte high-grade ore supplemented by additional pits extending CIL operation into 2025. Production of 3,404, GEO from Heap leach operations during the quarter with a record of 1,644 GEO in August. Balance sheet continues to improve, with approximately US$12m in current liabilities repaid since March 2024. Cerrado Gold [...]
Cerrado Gold is pleased to announce the appointment of Andrew Croal as Chief Technical Officer. Mr. Croal is a Mining Engineer with 40 years of global mining experience in gold and base metal commodities. He is a versatile and practical mining professional with a proven track record of providing fit for purpose, workable solutions. His competence ranges to all aspects of mine planning, control, reporting and evaluation [...]
After Tax NPV5% of US$111 Million at US$2,100/oz Au price After Tax NPV5% of US$153 Million at Spot prices 1 Average annual production targeted at approx. 56,000 Gold Equivalent Ounces 2 Life of Mine Average annual EBITDA of US$49 Million and FCF of US$25 Million LOM average EBITDA of US$64 Million and FCF of US$34 Million at Spot prices 1 Mine life of 5 years, from April 2024 based on existing Resources Average Cash [...]
Common shares to resume trading at the opening on August 8th, 2024 MDN operations are performing well with Q2/24 production of 16,255 Gold Equivalent Ounces Full-Year production guidance of 50,000 - 60,000 GEO at AISC of US$1,200-1,400/oz Recent PEA results for MDN show an NPV of $111MM at $2100/oz gold over a 5-year mine plan producing an average of approximately 56,000 GEO per annum Life of Mine Average annual EBITDA of [...]
After Tax NPV5% of US$111 Million at US$2,100/oz Au price After Tax NPV5% of US$153 Million at Spot prices1 Average annual production targeted at approx. 56,000 Gold Equivalent Ounces 2 Life of Mine Average annual EBITDA of US$49 Million and FCF of US$25 Million LOM average EBITDA of US$64 Million and FCF of US$29 Million at Spot prices1 Mine life of 5 years, from April 2024 based on existing Resources Average Cash Costs [...]
Cerrado Gold Inc. , at the request of the TSX Venture Exchange, announces previous engagements with Red Cloud Financial Services Inc. pursuant to an agreement dated October 9, 2020 and with and Feneck Consulting Group, LLC pursuant to a contract dated April 1, 2023 for certain capital markets, strategic marketing and investor relations services to raise Cerrado's investor profile. The Consultants assisted in overall [...]
Q2 Production of 16,255 Gold Equivalent Ounces vs 11,204 GEO in Q1, 2024. High-Grade ore from Calandrias Norte and continued ramp-up at Heap leach operations are supporting strong quarterly production. MDN 43-101 Preliminary Economic Assessment and Updated Mineral Resource Estimate are expected to be announced shortly. Balance sheet continues to improve, with approximately US$10m in current liabilities repaid since Year [...]
+3050,00 %
-85,71 %
