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 to the Note, the Company may elect to satisfy the payment of any accrued [...]
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 after-tax free cash flow of $588 million over LOM Initial Proven and Probable [...]
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 potential Export Credit Agency Supported Project Financing of up to $175 [...]
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 results for the third quarter 2023 at its Minera Don Nicolas gold project in [...]
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 $598 million, the Company has appointed the Toronto-Dominion Bank as the MLA [...]
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 from 34% to 32%." All other information is unchanged. The corrected [...]
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 total cumulative after-tax free cash flow of $607 million over LOM Initial [...]
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. Gold Equivalent Ounces sold increased to 11,386 ozs compared to 10,789 ozs in [...]
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 Project Financing, and expects to complete the on-boarding and appointment [...]
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 Coetzee, who has been appointed as Director, Process Engineering. Mr. Coetzee [...]
Application for License of Installation to Begin Construction Cerrado Gold Inc. announces that as of September 11th it has filed its License of Installation application with the Instituto Natureza do Tocantins or NATURATINS, the state environmental regulatory authority for the development of the Serra Alta project at the Monte Do Carmo project. Subject to acceptance of the application, the Company anticipates it will be [...]
PA_RC23-123: 12m @ 122.2 g/t Au from 109m; including: 3m at 429.1 g/t Au from 109m Application for permits for Paloma Underground mine development initiated with filing of EIA and design works commenced Calandrias Norte Open Pit stripping underway Calandrias Sur Heap Leach project ramp up continues Cerrado Gold Inc. is pleased to announce the highest grade intercept ever reported at its Minera Don Nicolas operation in [...]
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