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Cerrado Gold Inc. - CRDOF STOCK NEWS

Welcome to our dedicated news page for Cerrado Gold (Ticker: CRDOF), a resource for investors and traders seeking the latest updates and insights on Cerrado Gold.

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.

News
Cerrado Gold Announces Possible Late Filing of Annual Financial Statements
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.16%
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none
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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)
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-28.65%
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none
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News
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
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none
News
Cerrado Gold Announces Share Issuance To Sprott Streaming And Royalty Corp.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.96%
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none
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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%
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none
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News
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
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7%
Tags
management
News
Cerrado Gold Reports Q3 Operating Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
earnings
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News
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
Rhea-AI Summary
Cerrado Gold Inc. (CERT) appoints Toronto-Dominion Bank as Mandated Lead Arranger for potential UKEF-supported project financing of up to $598 million for its Mont Sorcier Iron and Vanadium Project in Quebec, with final stages of MLA appointment for Monte Do Carmo project in Brazil. The UKEF-backed facility is expected to cover 70% of project capital expenditures for the Mont Sorcier project, reducing overall project risk and lowering costs of capital through political and commercial guarantees. The conclusion of project financing remains subject to the completion of a bankable feasibility study, environmental impact assessment, and other requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.52%
Tags
management
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News
CORRECTION: Cerrado Gold Announces Positive Feasibility Study Results for Its Monte Do Carmo Gold Project, Brazil
Rhea-AI Summary
Cerrado Gold Inc. announced the correction of a computational error in the Monte Do Carmo Gold Project's Feasibility Study results, resulting in a decline in After Tax NPV5% to $369 million from $401 million and IRR to 32% from 34%. The project has an average annual gold production of 94,797 ounces over a 9-year Life of Mine, with an average AISC of US$711 per ounce and an initial Capex of US$186.6 million. The corrected results demonstrate the project's robustness with low capital and operating costs, providing an approximate 2:1 ratio of NPV over Capex.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.15%
Tags
none
News
Cerrado Gold Announces Positive Feasibility Study Results for Its Monte Do Carmo Gold Project, Brazil
Rhea-AI Summary
Cerrado Gold Inc. announces positive results of an independent Feasibility Study on its Monte do Carmo gold project in Brazil. The study shows an after-tax NPV of US$401.4 million and an IRR of 34%. The project has an average annual gold production of 94,797 ounces over a 9-year mine life, with an average AISC of US$711 per ounce. The initial capex is US$186.6 million, and the project is expected to generate annual average free cash flow of $90 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.35%
Tags
none
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Cerrado Gold Inc.

OTC:CRDOF

CRDOF Rankings

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CRDOF Stock Data

19.66M
77.56M
20.9%
6.23%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto