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Cerrado Gold Announces First Quarter 2026 Financial Results
Gold equivalent production of 12,842 Gold Equivalent Ounces (“GEO”) at AISC of $1,348/oz Au during Q1 2026 Record Adjusted EBITDA of $28.7 million for Q1
About this update from Cerrado Gold Inc
[{"type":"text","content":"\n \n\nGold equivalent production of 12,842 Gold Equivalent Ounces (“GEO”) at AISC of $1,348/oz Au during Q1 2026\nRecord Adjusted EBITDA of $28.7 million for Q1 2026, benefiting from unhedged gold position\nStrong Cash Position of $31.4 million at quarter end\nFull year production guidance of 50,000-60,000 GEO maintained \nExploration programs progressing as planned\nContinued progress at both the Lagoa Salgada and Mont Sorcier projects\nRecent Acquisition of Falcon properties positions MDN for the longer term\nManagement to host conference call on May 28th, 11:00 AM EDT\n\nTORONTO, May 27, 2026 (GLOBE NEWSWIRE) -- Cerrado Gold Inc. (TSX.V:CERT) (OTCQX:CRDOF; FRA:BAI0) (“Cerrado” or the “Company”) announces its operational and financial results for the first quarter 2026 (“Q1/26”), including its Minera Don Nicolas (“MDN”) gold mine in Santa Cruz Province, Argentina, its Lagoa Salgada Polymetallic Project in Portugal, and its Mont Sorcier High Purity DRI Iron Project in Quebec.\nProduction results for MDN were previously released on April 20, 2026. The Company’s financial results are reported and available on SEDAR+ (www.sedarplus.com) and the Company’s website (www.cerradogold.com).\nQ1/26 MDN Operating Highlights:\n\nQ1 Production of 12,842 vs 11,163 GEO in Q1 2025\nHeap leach production of 8,787 GEO continues to increase as water availability improves\nUnderground development work continued at an accelerated pace, with record development meters during the period\nAccess to new underground ore zones expected in Q2 2026, delivering higher-grade ore to the CIL plant, improving head feed grade, and increasing production\nCIL plant continues to process a blend of stockpile material and additional ore from underground development, resulting in total production of 4,055 GEO in Q1 through the CIL plant\n\nOperational results for Q1 2026 showed production remained consistent relative to the previous quarter. Production rates increased at the heap leach versus the previous quarter; however, irrigation issues continued to have an impact on production. Water availability continues to improve as we move into the wetter months and remains supported by ongoing purchases and additional water from expanded borehole water production. As more water for irrigation becomes available, the gold inventory on the pad that has not been fully irri...