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 has filed proxy materials for its annual and special shareholders meeting on June 27, 2024.
The company expects to file its audited financial statements for 2023 this week, a condition for receiving a US$7 million advance from Hochschild Mining's subsidiary.
The third advance will complete a US$15 million interest-bearing loan, which will be repaid if Cerrado secures shareholder approval for selling its Monte Do Carmo project for US$60 million.
If approval is not obtained by June 30, the loan matures on September 30, but Hochschild may accelerate repayment starting July 1.
Cerrado Gold has provided an update regarding the cease trade order (CTO) issued on May 7, 2024, by the Ontario Securities Commission (OSC) due to the company's failure to file its audited annual financial statements for the year ending December 31, 2023. The filings were initially due by April 29, 2024.
Despite efforts to work with auditors KPMG LLP, Cerrado expects to complete and file the annual statements by June 6, 2024. Consequently, the company anticipates missing the May 30, 2024, deadline for its interim financial statements for the first quarter of 2024. An application for a management cease trade order (MCTO) was denied as the CTO is already in effect and will remain until the interim filings are completed, expected two weeks post-annual filings.
No insolvency proceedings or undisclosed material information were reported.
Cerrado Gold has provided an update on the cease trade order (CTO) imposed by the Ontario Securities Commission (OSC) on May 7, 2024, due to its failure to file audited financial statements for the year ended December 31, 2023. The filings were due by April 29, 2024. The company expects to complete the filings by May 31, 2024, after which the CTO may be lifted within two days. Cerrado Gold has applied for a management cease trade order (MCTO) due to possible late filing of Q1 interim financial statements for the period ending March 31, 2024. If granted, the general public can still trade shares, but executives will be restricted.
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.
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.
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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