CERRADO GOLD INC - $CRDOF STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CERRADO GOLD's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CERRADO GOLD's position in the market.

05/08/2024 06:00 AM

News

Cerrado Gold Announces Failure To File Cease Trade Order

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Cerrado Gold Inc. announces a failure to file cease trade order issued by the Ontario Securities Commission, preventing trading of its securities in Canada due to delays in filing annual financial statements. The Company, along with its auditors, require more time to complete audit procedures. Despite the delay, there have been no disagreements with auditors, and the Company expects to file the Annual Filings by May 15, 2024.

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05/06/2024 06:00 AM

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Cerrado Gold Announces Receipt of Second Advance Under Secured Loan From Subsidiary of Hochschild Mining PLC

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Cerrado Gold Inc. announces receiving a second advance of US$1 million under a signing loan agreement with a subsidiary of Hochschild Mining Plc. The total amount received is US$8 million, with an additional US$7 million expected in June. The funds are being used to address short-term capital needs in Argentina and support deleveraging efforts.

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6.75%

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04/30/2024 05:06 PM

News

Cerrado Gold Announces Q1 Gold Production Results for Its Minera Don Nicolas Mine in Argentina

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Cerrado Gold Inc. announces Q1 2024 production results for its Minera Don Nicolas Mine in Argentina. The company produced 11,024 Gold Equivalent Ounces in Q1, with significant improvements in March and April. Calandrias Norte has been a key contributor to production growth, focusing on cash flow and balance sheet rebuilding. The company is developing a long-term production plan for Argentina.

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20.17%

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04/25/2024 06:30 PM

News

Cerrado Gold Announces Possible Late Filing of Annual Financial Statements

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Cerrado Gold Inc. announces potential delays in filing its annual financial statements due to audit delays at its MDN Subsidiary in Argentina. The company attributes the delays to policy changes in Argentina affecting business operations. The Ontario Securities Commission denied the company's application for a management cease trade order, which may lead to a failure-to-file-cease-trade-order if the filings are not completed by the deadline. The company plans to issue updates on the filing timeline and has the resources to address any defaults. Additionally, the company has elected to pay interest on a secured note by issuing common shares.

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-24.16%

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03/05/2024 02:10 AM

News

Cerrado Gold Signs Option and Loan Agreements With Subsidiary of Hochschild Mining PLC for the Sale of the Monte Do Carmo Gold Project for Total Consideration of US$60 Million (C$80 Million)

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Cerrado Gold Inc. announces a proposed transaction with Amarillo Mineração do Brasil Ltda., a subsidiary of Hochschild Mining PLC, to strengthen its balance sheet and address liquidity challenges in the junior mining sector. The transaction involves the sale of the Monte Do Carmo project in Brazil for US$60 million. Amarillo will take operational control of the project and commit to spending at least US$5 million in qualifying expenditures. The CEO highlighted the benefits of the deal, stating it would provide immediate capital, inject development funds into the Minera Don Nicolas project, and position the company for growth. The transaction is subject to various conditions and has been approved by Cerrado's Board of Directors.

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-28.65%

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01/24/2024 06:00 AM

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Cerrado Gold Announces Q4 and Annual 2023 Gold Production Results for Its Minera Don Nicolas Mine in Argentina

Rhea-AI Summary

Cerrado Gold Inc. reports Q4 2023 production results, with 15,202 ounces of gold equivalent (GEO) produced, annual GEO production of 51,688 ounces for 2023, and a delayed commercial production of the Las Calandrias heap leap project. The company also announces the completion of major capital programs at Minera Don Nicolas Mine in Argentina and the impact of fiscal policies on operations. The Monte Do Carmo project in Brazil reveals an updated After-Tax NPV5% of US$390 Million and IRR of 34%.

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0.54%

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01/18/2024 05:00 PM

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Cerrado Gold Announces Share Issuance To Sprott Streaming And Royalty Corp.

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Cerrado Gold Inc. announces the payment of interest on a secured note issued to Sprott Resource Streaming and Royalty Corp. The company will issue 1,175,523 common shares to Sprott at a price of $0.5672 per share to satisfy the interest payment, amounting to US$504,109.58. This is in connection with the funding of the gold and silver stream agreement for its Monte do Carmo Project.

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-4.96%

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12/15/2023 07:30 AM

News

Cerrado Gold Files 43–101 Updated Feasibility Study Technical Report for Its Monte Do Carmo Gold Project, Brazil With an Updated After-Tax NPV5% of US$390 Million and IRR of 34%

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Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) announces filing of the technical report of the independent Feasibility Study for the Monte do Carmo gold project, with an After-Tax NPV5% of US$390 million and an IRR of 34%. The study projects an average annual gold production of 95,212 ounces per annum over a 9-year Life of Mine, with an average AISC of US$687 per ounce over LOM. Initial Capex is US$181.4 million, with an NPV/Initial Capex Ratio of 2.15x. The full technical report is filed on SEDAR+ as of December 15, 2023.

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12/05/2023 05:00 PM

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Cerrado Gold Appoints Banco Santander S.A. as Mandated Lead Arranger for Export Credit Agency Supported Project Financing at Its Monte Do Carmo Project in Brazil

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Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) has appointed Banco Santander S.A. as the Mandated Lead Arranger for potential Export Credit Agency Supported Project Financing of up to $175 million for its Monte Do Carmo Project in Brazil. The UKEF backed facility is expected to cover 70% of the project capital expenditures for a total tenor of 8 years, with Santander presenting competitive and compelling terms for the financing.

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-7%

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11/29/2023 06:00 AM

News

Cerrado Gold Reports Q3 Operating Results

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Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) announces Q3/23 operational and financial results for Minera Don Nicolas ("MDN") and Monte Do Carmo ("MDC") projects, including gold production of 10,082 GEO, an 11% decrease yoy, AISC of $1,703 per ounce, and a significant improvement in cash generation in 2024.

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-0.39%

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