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 [...]
Cerrado Gold Inc. is pleased to announce that at its Annual and Special Meeting of shareholders of the Company held earlier today, all resolutions presented to Shareholders were approved overwhelmingly. Details of the voting results are set out below. Meeting Voting Results A total of 40,637,097 common shares were voted at the Meeting, representing 39.490% of the votes attached to all outstanding common shares of the [...]
Q1 financials filed in order to revoke Cease Trade Order Application to resume trading to be submitted to the TSXV pending CTO being lifted by the Ontario Securities Commission Trading expected to resume within 2 business days post approval by the TSX Venture Exchange Cerrado Gold Inc. announces that post filing of its operational and financial results for Q1 2024, the Company has now remedied its compliance under [...]
Q1 Gold equivalent production of 11,204 GEO while transitioning to new Calandrias Norte deposit Production levels at MDN stabilized beginning in March at both the CIL and Heap leach MDN production for March, April and May exceeded 17,000 ounces, supporting the ongoing turnaround of operations at MDN Application to remove Cease Trade Order Underway Cerrado Gold Inc. announces its operational and financial results for the [...]
Third advance of US$7 million under the Signing Loan with subsidiary of Hochschild Mining plc has now been received McGovern Hurley Appointed Auditor Cerrado Gold Inc. is pleased to announce it has received the final advance under the Signing Loan from Hochschild in the amount of US$7 million. Total funds received from Amarillo Mineração do Brasil Ltda. , a wholly-owned subsidiary of Hochschild, under the Signing Loan now [...]
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