Welcome to our dedicated page for Cerrado Gold news (Ticker: CRDOF), a resource for investors and traders seeking the latest updates and insights on Cerrado Gold stock.
Cerrado Gold Inc. (CRDOF) delivers gold production excellence through its South American operations while advancing strategic mineral development in Canada. This news hub provides investors with essential updates on operational milestones, exploration results, and corporate developments.
Access authoritative reporting on quarterly financials, resource expansion at Minera Don Nicolás, and progress at the Mont Sorcier iron ore project. Our curated collection features verified press releases covering production metrics, drilling results, and technical reports, ensuring you stay informed about this dynamic mining company.
Key updates include gold output improvements through heap leach optimization, NI 43-101 compliant resource estimates, and metallurgical advancements at Mont Sorcier. The repository serves as your primary source for tracking CRDOF's execution of its dual-strategy: enhancing near-term cash flow while developing long-term critical mineral assets.
Bookmark this page for streamlined access to Cerrado Gold's official communications. Check regularly for updates on exploration programs in Argentina, vanadium recovery developments, and strategic partnerships that drive sustainable growth in the mining sector.
Cerrado Gold (CRDOF) reported Q1 2025 production of 11,163 Gold Equivalent Ounces (GEO) at its Minera Don Nicolas Mine in Argentina, showing improvement from 10,431 GEO in Q4. The company achieved record heap leach production of 7,228 GEO, with March production exceeding 2,800 GEO.
The company has increased its 2025 production guidance to 55,000-60,000 GEO (up from 50,000-55,000), with AISC costs projected at $1,500-$1,700 per GEO. Underground development at Paloma will commence in Q2 2025, with initial production expected in Q3 2025.
Key operational improvements include expanded crushing capacity installation at Calandrias Sur (completion in Q2 2025) and improved heap leach recoveries from 33% to 38%. The company continues progress on its Mont Sorcier iron project, with feasibility study completion targeted for Q1 2026.
Cerrado Gold (CRDOF) announces significant fiscal policy changes in Argentina, as the country prepares to remove capital controls ('el cepo') on April 14th. The International Monetary Fund (IMF) has approved a $20 billion loan program, with $12 billion available immediately to the central bank. Additional support includes $12 billion from the World Bank and $10 billion from the Inter-American Development Bank over three years.
The Argentine peso will be allowed to float within an initial range of 1,000-1,400 pesos per dollar, with a 1% monthly band expansion. Companies will be able to repatriate profits out of Argentina starting in 2025, while importing companies can make immediate payments for goods. These changes are expected to significantly enhance Cerrado's operations at their MDN mine and facilitate dividend payments out of the country.
Cerrado Gold (TSXV:CERT, OTCQX:CRDOF) has completed the final US$5 million payment for its Minera Don Nicolas (MDN) gold mine in Argentina, bringing the total acquisition cost to US$47 million. Since the 2020 acquisition, MDN's production has significantly increased from 22,000 to 55,000 ounces annually, with over 200,000 Gold Equivalent Ounces produced through 2024.
The Las Calandrias heap leach operation continues to perform well, with plans for underground operations at Paloma expected to begin in Q3 2025. The company is preparing an exploration campaign focused on mine life extension. Additionally, Cerrado anticipates closing the acquisition of Ascendant Resources Inc. around May 12, 2025, which includes the Lagoa Salgada Project in Portugal, with a construction decision expected by end of 2025.
Cerrado Gold (CRDOF) has announced positive metallurgical test results from its Mont Sorcier iron ore project in Quebec, confirming the ability to produce 67% High Purity, Direct Reduction Iron (DRI) grade concentrates. The latest phase of testing, conducted on a master composite, demonstrated enhanced economic magnetite iron recovery of 83%, with combined Silica and Alumina below 2.5%.
The project, located in Cree territory near Chibougamau, is progressing toward a feasibility study targeted for Q1 2026. The metallurgical testing, performed by SGS Canada and analyzed by Soutex Inc., shows promising results for producing high-purity iron concentrate suitable for DRI grade classification. Industry forecasts predict DRI grade concentrate demand to grow at a CAGR of over 9.0% annually for the next decade.
The process involves magnetic separation, regrinding, hydroseparation, and reverse iron flotation stages, resulting in a concentrate grading 67% iron with 1.8% silica. Additional variability testing of 18 samples and a 3-tonne bulk sample processing are currently ongoing to support equipment design for the feasibility study.
Cerrado Gold has entered into a definitive agreement to acquire Ascendant Resources, gaining an 80% interest in the Lagoa Salgada VMS Project in Portugal. The transaction involves a share exchange ratio of 1 Cerrado share for every 7.8 Ascendant shares, resulting in Ascendant shareholders owning approximately 21% of Cerrado post-transaction.
The Lagoa Salgada Project features a post-tax NPV of US$147 million and a 39% IRR, with expected production in second half of 2027. The project is anticipated to generate US$75 million per year in free cash flow during its first 5 years of operations. The asset provides exposure to precious metals (34% silver & gold) and critical minerals (30% zinc, 15% copper, 14% lead, 7% tin).
Cerrado currently has US$21 million in cash, with additional expected payments of $15M from Hochschild and potential $10M from Anglo Gold. The transaction will result in Cerrado issuing 27.7 million shares, bringing its total outstanding shares to approximately 131.3 million.
Cerrado Gold reported its Q4 and annual 2024 production results from the Minera Don Nicolas Mine in Argentina. The company achieved annual gold equivalent production of 54,494 GEO, within their guidance of 50,000-60,000 GEO. Q4 production was 10,431 GEO, lower than Q3's 16,604 GEO due to decreased ore grades from residual open pits.
The company's heap leach operations reached record production of 5,956 GEO in Q4. Cerrado received significant asset sale and option payments totaling $34 MM during the quarter, strengthening their balance sheet. For 2025, production guidance is set at 50,000-55,000 GEO.
The company is installing additional crushing capacity at Calandrias Sur, aiming to reach 4,000-4,500 GEO monthly production by March 2025. They're also preparing to commence underground operations at Paloma in H2/25. At their Mont Sorcier project, metallurgical testwork confirmed potential for high-grade iron concentrate production, with a Bankable Feasibility Study targeted for Q1 2026.
Cerrado Gold's subsidiary Minera Don Nicolas (MDN) has received a US$4 million option payment from Cerro Vanguardia SA (CVSA), a subsidiary of AngloGold Ashanti Holdings. The payment is part of a larger US$14 million agreement where CVSA has the option to purchase a 100% interest in certain exploration properties in the south region of MDN's project in Santa Cruz, Argentina. The remaining US$10 million is payable within 3 years upon exercise of the option.
Additionally, Cerrado has issued a US$275,000 loan to Ascendant Resources Inc., bearing 10% annual interest and maturing on demand with minimum 366 days notice. The loan, despite commonality of directors between the companies, is not considered a related party transaction.
Cerrado Gold (CRDOF) has entered into an option agreement with AngloGold Ashanti's subsidiary, Cerro Vanguardia SA (CVSA), for the sale of its Michelle Properties in Argentina for US$14 million. The agreement includes an initial US$4 million payment and US$10 million upon exercise within 3 years.
The Michelle Properties comprise 14 exploration concessions totaling 14,000 hectares, located 100 km southeast of the MDN plant. CVSA will take operational control during the option period. The transaction strengthens Cerrado's balance sheet and allows focus on core properties, including the operating Minera Don Nicolas gold mine and Mont Sorcier iron ore project.
The company has secured consents from royalty holders Royal Gold, Sandstorm, and Sprott, with outstanding royalty payments being settled and interest penalties waived.
Cerrado Gold provides an update on its Mont Sorcier iron ore project in Quebec, highlighting ongoing metallurgical testing that confirms production of DRI grade iron concentrate with 67%+ purity and combined Silica and Alumina below 2.5%. The company has appointed DRA Global to deliver a NI 43-101 Bankable Feasibility Study by Q1 2026.
The project's 2022 PEA showed an NPV8% of US$1.6 Billion for a 21-year mine life, projecting 5MT of Iron Concentrate production annually, generating US$348M per annum in cash flow with initial capex of US$574M. UKEF and TD Bank have agreed to sponsor 70% of project capital required.
The metallurgical program, conducted by Soutex Inc. and SGS Canada, shows promising results with potential for further improvements in iron grade and purity.
Cerrado Gold reported Q3 2024 production of 16,604 Gold Equivalent Ounces (GEO), maintaining its full-year guidance of 50,000-60,000 GEO. The company achieved Adjusted EBITDA of $7.4 million and reduced its working capital deficit by over $20 million year to date. The company completed the sale of Monte Do Carmo gold project to Amarillo for a total consideration of US$60 million, with US$45 million already received and US$15 million expected within 28 months. Q3 revenue reached $36.7 million from selling 15,505 ounces of gold at an average price of $2,329 per ounce.
