EMERGING MID-TIER LOW COST GOLD PRODUCER
GROWTH THROUGH DISCOVERY
Q3 Production of 10,082Gold Equivalent Ounces("GEO")Q3 results impacted by severe weather conditionsOperations back on track in October and November with shipments of approximately 5,600 and 5,470 GEO, respectivelyMinera Don Nicolas ("MDN")...
Cerrado Gold Appoints the Toronto-Dominion Bank To Be the Mandated Lead Arranger for Export Credit Agency Supported Project Financing at Its Mont Sorcier Iron and Vanadium Project in Québec
Indicative Terms for up to US$598m in a potential UKEF (UK Export Credit Agency) Supported Project Financing Company in final stages of appointing the Mandated Lead Arranger for Monte Do Carmo, Brazil (All numbers reported in US dollars) TORONTO, ON /...
CORRECTION: Cerrado Gold Announces Positive Feasibility Study Results for Its Monte Do Carmo Gold Project, Brazil
In a release under the same headline released Thursday November 2, 2023 by Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF), please note that the results in original press release were impacted by a computational error which resulted in incorrect NPV and IRR figures being...
Cerrado Gold Announces Positive Feasibility Study Results for Its Monte Do Carmo Gold Project, Brazil
Including an After-Tax NPV5% of Us$401.4 Million and an IRR of 34%HighlightsAfter-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 ("LOM")Average AISC of US$711 per ounce over...
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Monte Do Carmo (Tocantins, Brazil)
The Monte do Carmo (MDC) Gold Project is located in the state of Tocantins, Brazil, immediately east of the town of Monte do Carmo. The Serra Alta deposit is Cerrado’s keystone deposit and the focus of development for the project. The property consists of 14 exploration permits totaling 82,541 ha where the company has mapped 30km of known mineralization trends which are the focus to find the next million ounce deposit. The company is progressing the Feasibility study at Serra Alta and plans to be in production by H2 2025.
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.