JUNIOR PRODUCER DEVELOPING A LARGE SCALE WORLD CLASS ASSET
Latest News
Cerrado Gold Announces Third Quarter Financial Results
Gold equivalent production of 16,604 Gold Equivalent Ounces ("GEO") for Q3; On track for full year guidance of 50,000-60,000 GEOAdjusted EBITDA of $7.4 million for Q3, 2024Decrease in the working capital deficit by over US$20 million year to dateTORONTO, ON...
Cerrado Files Notice To Implement Normal Course Issuer Bid
Management and Directors do not believe Common Shares reflect the value of the Company's assets and future prospectsTORONTO, ON / ACCESSWIRE / November 13, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") announces...
Cerrado Closes Transaction With Hochschild Subsidiary For Sale of Monte Do Carmo Gold Project
Combined closing cash payments of US$30 million receivedAdditional US$15 million future payments due to CerradoTORONTO, ON / ACCESSWIRE / November 6, 2024 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") announces that it...
Cerrado Gold Receives Notice From Hochschild Subsidiary to Exercise its Option to Acquire the Monto Do Carmo Gold Project
Closing cash payments of US$30 million and an additional US$15 million future payments due to Cerrado. Company well-positioned to drive future growth via its operating Minera Don Nicolas gold mine in Argentina and its Mont Sorcier iron ore project in...
OUR OPERATIONS & PROJECTS 100% OWNERSHIP
Minera Don Nicolas (Santa Cruz, Argentina)
Located in the mineral rich Deseado Massif in the province of Santa Cruz, Argentina, Minera Don Nicolas (MDN) is an open pit gold mine with an associated 1,000 tpd carbon in leach (CIL) gold recovery plant, currently producing over 50koz pa with plans to expand to 90 koz pa by 2025. The company holds 330,200 ha in the heart of the Deseado Massif; a highly prospective and underexplored low-sulphidation epithermal gold system.
Mont Sorcier (Quebec, Canada)
Development into Production
The 100% owned Mont Sorcier Iron ore and Vanadium project is located just a short drive from the town of Chibougamau, Quebec. The Company most recently published an NI 43-101 compliant updated Mineral Resource Estimate in July 2022 and a Preliminary Economic Assessment in September 2022. The PEA highlighted a 5.0 Mtpa operation over a 21 year life of mine, producing high-grade Iron Ore concentrate of +65% Fe. More recent studies now confirm the ability to produce Direct Reduction Iron Concentrate with grades of +67% Fe and low in Silica and Aluminum. The Company is currently progressing a Feasibility Study on the Mont Sorcier project, which is expected to be completed towards the end of 2024 as well as progressing permitting for the construction.