Cerrado Gold Makes Final Payment for the Acquisition of Its Minera Don Nicolas Gold Mine in Santa Cruz, Argentina
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 (TSXV:CERT, OTCQX:CRDOF) ha completato il pagamento finale di 5 milioni di dollari per la sua miniera d'oro Minera Don Nicolas (MDN) in Argentina, portando il costo totale di acquisizione a 47 milioni di dollari. Dalla acquisizione nel 2020, la produzione di MDN è aumentata notevolmente, passando da 22.000 a 55.000 once all'anno, con oltre 200.000 Once d'Oro Equivalenti prodotte fino al 2024.
L'operazione di leaching in heap di Las Calandrias continua a funzionare bene, con piani per operazioni sotterranee a Paloma previste per iniziare nel terzo trimestre del 2025. L'azienda sta preparando una campagna di esplorazione focalizzata sull'estensione della vita mineraria. Inoltre, Cerrado prevede di concludere l'acquisizione di Ascendant Resources Inc. intorno al 12 maggio 2025, che include il Progetto Lagoa Salgada in Portogallo, con una decisione sulla costruzione attesa entro la fine del 2025.
Cerrado Gold (TSXV:CERT, OTCQX:CRDOF) ha completado el pago final de 5 millones de dólares por su mina de oro Minera Don Nicolas (MDN) en Argentina, elevando el costo total de adquisición a 47 millones de dólares. Desde la adquisición en 2020, la producción de MDN ha aumentado significativamente de 22,000 a 55,000 onzas anuales, con más de 200,000 Onzas de Oro Equivalente producidas hasta 2024.
La operación de lixiviación en pilas de Las Calandrias sigue funcionando bien, con planes para operaciones subterráneas en Paloma que se espera comiencen en el tercer trimestre de 2025. La empresa se está preparando para una campaña de exploración centrada en la extensión de la vida útil de la mina. Además, Cerrado anticipa cerrar la adquisición de Ascendant Resources Inc. alrededor del 12 de mayo de 2025, que incluye el Proyecto Lagoa Salgada en Portugal, con una decisión de construcción esperada para finales de 2025.
세라도 골드 (TSXV:CERT, OTCQX:CRDOF)는 아르헨티나의 미네라 돈 니콜라스(MDN) 금광에 대한 마지막 500만 달러 지급을 완료하여 총 인수 비용이 4700만 달러에 이르게 되었습니다. 2020년 인수 이후, MDN의 생산량은 연간 22,000온스에서 55,000온스로 크게 증가했으며, 2024년까지 200,000온스 이상의 금 등가 온스가 생산되었습니다.
라스 칼란드리아의 Heap leach 운영은 계속 잘 진행되고 있으며, 팔로마에서의 지하 작업은 2025년 3분기 시작될 예정입니다. 회사는 광산 수명 연장을 목표로 한 탐사 캠페인을 준비하고 있습니다. 또한, 세라도는 2025년 5월 12일경에 아센던트 리소스 Inc.의 인수를 마무리할 것으로 예상하고 있으며, 이는 포르투갈의 라고아 살가다 프로젝트를 포함하고 있으며, 2025년 말까지 건설 결정이 예상됩니다.
Cerrado Gold (TSXV:CERT, OTCQX:CRDOF) a finalisé le dernier paiement de 5 millions de dollars pour sa mine d'or Minera Don Nicolas (MDN) en Argentine, portant le coût total d'acquisition à 47 millions de dollars. Depuis l'acquisition en 2020, la production de MDN a considérablement augmenté, passant de 22 000 à 55 000 onces par an, avec plus de 200 000 Onces d'Or Équivalentes produites jusqu'en 2024.
L'opération de lixiviation en tas de Las Calandrias continue de bien fonctionner, avec des plans pour des opérations souterraines à Paloma qui devraient commencer au troisième trimestre 2025. L'entreprise prépare une campagne d'exploration axée sur l'extension de la durée de vie de la mine. De plus, Cerrado prévoit de finaliser l'acquisition d'Ascendant Resources Inc. autour du 12 mai 2025, qui comprend le projet Lagoa Salgada au Portugal, avec une décision de construction prévue d'ici la fin de 2025.
Cerrado Gold (TSXV:CERT, OTCQX:CRDOF) hat die letzte Zahlung von 5 Millionen US-Dollar für seine Minera Don Nicolas (MDN) Goldmine in Argentinien abgeschlossen, wodurch die Gesamtkosten der Akquisition auf 47 Millionen US-Dollar steigen. Seit der Übernahme im Jahr 2020 hat sich die Produktion von MDN signifikant von 22.000 auf 55.000 Unzen jährlich erhöht, mit über 200.000 Goldäquivalentunzen, die bis 2024 produziert wurden.
Der Heap-Leach-Betrieb von Las Calandrias läuft weiterhin gut, und die Pläne für unterirdische Arbeiten in Paloma sollen im dritten Quartal 2025 beginnen. Das Unternehmen bereitet eine Explorationskampagne vor, die sich auf die Verlängerung der Lebensdauer der Mine konzentriert. Darüber hinaus erwartet Cerrado, die Übernahme von Ascendant Resources Inc. um den 12. Mai 2025 abzuschließen, die das Lagoa Salgada Projekt in Portugal umfasst, mit einer Entscheidung über den Bau, die bis Ende 2025 erwartet wird.
- Significant production growth from 22,000 to 55,000 ounces annually
- Over 200,000 Gold Equivalent Ounces produced since 2020
- All-In Sustaining Costs below or in-line with larger regional operations
- Strong performance from Las Calandrias heap leach operation
- Planned expansion with underground operations at Paloma
- Substantial debt commitment with US$47 million total acquisition cost
US
$5 million payment completes balance of the purchase price for MDNMDN purchase price consideration totals US
$47 million Over ~200,000 Gold Equivalent Ounces ("GEO's") produced at MDN since its acquisition in 2020 to year end 2024
TORONTO, ONTARIO / ACCESS Newswire / April 1, 2025 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") has paid the final US
Mark Brennan, Chairman & CEO commented: "We are very pleased to have satisfied the payment terms for the acquisition of MDN. MDN's growing production along with record high gold prices continues to support the deleveraging of Cerrado's balance sheet and building a healthy financial position. MDN's cashflow generation will enable Cerrado to pursue a rigorous exploration program to expand its resources. We are convinced that MDN continues to be at the early stages of its development cycle, and we are optimistic that MDN has the potential to rival the long established operations on the Deseado Massif."
Since closing the acquisition of MDN in April 2020, Cerrado has significantly grown the production profile from approximately 22,000 ounces to 55,000 ounces per annum and has produced more than 200,000 cumulative GEO's to year end 2024 with All-In Sustaining Costs in-line or below many of the larger operations in the Deseado Massif. Las Calandrias, MDN's Heap Leach operation continues to perform well, and is anticipated to further support Cerrado's production base through the development of an underground operation at Paloma anticipated to begin production in Q3 2025. The Company is currently preparing a robust exploration campaign for the balance of the year, targeting mine life extension from open-pit, underground and heap leach resource expansion.
Assuming the completion of the acquisition of Ascendant Resources Inc., which is anticipated to close on or about May 12, 2025, and is subject to certain closing conditions, the Company's healthy financial position is expected to support development of the Lagoa Salgada Project in Portugal which anticipates a construction decision by the end of 2025.
IR Services and Marketing Agreement
The Company has entered into an engagement with The Korelin Economics Report (the "KE Report") for strategic marketing and investor relations services to raise Cerrado's investor profile.
The KE Report will assist with investor awareness as a third-party content creator through podcasts, management interviews and news amplification through their platform and YouTube channel as well as and investor presentations. The KE Report engagement is for a term of 6 months with the opportunity to extend based on a successful outcome for a fee of C
No bonus fees or stock options will be paid to any of the Consultants. The KE Report is arm's length to the Company.
About Cerrado
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the
In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.
In Canada, Cerrado holds a
For more information about Cerrado please visit our website at: www.cerradogold.com.
Mark Brennan
CEO and Chairman
Mike McAllister
Vice President, Investor Relations
Tel: +1-647-805-5662
mmcallister@cerradogold.com
Disclaimer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado, the anticipated closing of the acquisition of Ascendant Resources Inc., the Company's cash position and anticipated future cash flows and debt levels, the production rate and costs at MDN, the exploration potential and mine life at MDN, and the potential impact of the KE Report in raising investor awareness of the Company. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
SOURCE: Cerrado Gold Inc.
View the original press release on ACCESS Newswire
FAQ
What is the total acquisition cost of Minera Don Nicolas (MDN) for Cerrado Gold (CRDOF)?
How much has gold production increased at MDN since Cerrado Gold's (CRDOF) acquisition in 2020?
When will Cerrado Gold (CRDOF) begin underground operations at the Paloma site?
What is the expected timeline for Cerrado Gold's (CRDOF) Lagoa Salgada Project construction decision?
