In Brazil, the Company is focused on bringing its keystone Serra Alta deposit into production at its Monte do Carmo project (“MDC”) in Tocantins, Brazil. The Monte do Carmo project is expected to be a low cost +100koz producer. The Company also owns the Minera Don Nicolas mine (“MDN”), located in Santa Cruz, Argentina; a producing high-grade gold mine with significant expansion and exploration potential. Both MDN and MDC remain discovery assets anchored by strong production growth. Cerrado remains commited to expanding the resource base at its two high-grade and prolific world class gold districts.
Cerrado’s executive team has a long history of success developing numerous mining projects from early stage exploration through development and production in South America.