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) is a Toronto-based gold production, development, and exploration company with assets in Argentina, Portugal, and Canada. News releases from the company focus on operational performance at its Minera Don Nicolás and Las Calandrias gold operations in Santa Cruz province, Argentina, and on the advancement of its Lagoa Salgada polymetallic VMS project in Portugal and Mont Sorcier high-purity iron project in Quebec.
Investors following CRDOF news can expect regular updates on quarterly and annual production results from Minera Don Nicolás, including heap leach and CIL plant performance, underground development progress at Paloma, and exploration drilling campaigns across the Deseado Massif land package. The company also issues news on financial results, guidance for gold equivalent ounce production, and capital allocation toward exploration and development programs.
For Lagoa Salgada, Cerrado Gold’s news flow covers the Optimized Feasibility Study, metallurgical test work, and key permitting milestones, such as the use of Article 16 procedures to revise and strengthen its Environmental Impact Assessment submission. At Mont Sorcier, news items highlight feasibility study timelines, resource definition drilling, and metallurgical results supporting the potential to produce high-grade, low-impurity DRI iron concentrate.
Additional CRDOF news includes corporate developments such as shareholder meeting outcomes, board and management changes, and transactions related to non-core assets. Readers interested in Cerrado Gold’s operational trends, project milestones, and corporate actions can use this page to track the company’s ongoing disclosures in one place.
Cerrado Gold Inc. (OTCQX: CRDOF) announced its Q3 2022 production results, yielding 11,284 GEO ounces of gold, a decline from 11,640 ounces in Q2. The average gold grade increased by 28% to 4.40g/t. The company reaffirms its annual production guidance of 45,000 - 55,000 GEO ounces for 2022, with Q4 production projected to exceed 13,000 ounces. Additionally, construction of the Calandrias heap leach project is set to begin in Q4, expected to boost annual production by 20,000-25,000 ounces.
Cerrado Gold has announced updates on its Las Calandrias heap leach project in Argentina, with first gold production expected in Q2 2023. This project aims to boost production rates to approximately 90,000 ounces per annum with an All In Sustaining Cost (AISC) below $1,000 per ounce by 2024. Key project milestones include completed engineering work, advanced permitting, and a budget of around $25 million for development. The heap leach facility is designed for a capacity of 2 million tonnes per annum and aims for a recovery rate of 67% from Oxide and Transitional material.
Cerrado Gold reported promising results from its Gogó da Onça exploration project in Brazil, indicating over 250m of shallow mineralization. Notable drill results include:
- FGO-004: 25.1m at 3.38 g/t Au
- FGO-005: 2.7m at 12.74 g/t Au
- FGO-008: 12.5m at 3.39 g/t Au
- FGO-012: 11.7m at 5.37 g/t Au
The ongoing infill drilling aims to integrate these findings into the Feasibility Study scheduled for Q1 2023.
Cerrado Gold announced notable drilling results from its Serra Alta deposit within the Monte do Carmo Project in Brazil as of September 20, 2022. The infill drilling campaign aims to upgrade resources and support a feasibility study expected by Q1 2023. Highlighted results include 42m at 1.88 g/t Au and 18m at 7.21 g/t Au from drill hole FSA-246, among others. The program has so far completed 130 drill holes totaling 31,815m, with five rigs actively drilling. The company also granted stock options and share units to directors and executives.
Cerrado Gold announced record Q3 results from its Minera Don Nicolás mine in Argentina. CEO Mark Brennan discussed these results, emphasizing production achievements. In a separate update, Element 29 Resources shared initial drilling outcomes from its Elida Copper Project. Chairman Richard Osmond provided insights into the first two drill holes of a six-hole program, highlighting the project's potential. The Power Play by The Market Herald delivers timely information to investors through exclusive executive interviews.