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Cerrado Gold Announces Q1 Gold Production Results For Its Minera Don Nicolas Mine In Argentina
Q1 2023 production of 13,951 Gold Equivalent Ounces ("GEO") Production for the quarter in li...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Announces Q1 Gold Production Results For Its Minera Don Nicolas Mine In ArgentinaQ1 2023 production of 13,951 Gold Equivalent Ounces (\"GEO\")Production for the quarter in line with expectationsLas Calandrias heap leach construction on-track for first gold pour Q2 2023TORONTO, ON / ACCESSWIRE / April 24, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") announces production results for the first quarter of 2023 (\"Q1 2023\") from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina (\"MDN\"). Full financial results are expected to be released on June 8, 2023.Q1 Operating HighlightsQ1 2023 Gold production of 13,794 ounces and Gold Equivalent Ounce production of 13,951 ounces as compared to 13,499 in Q1 2022GEO sales in Q1 of 16,255 ounces compared to 15,044 ounces in Q1 2022Results demonstrate ongoing stability in mill throughput combined with improving head grades and recoveriesGold head grades 4.59 g/t and Gold Recoveries of 91.9% for the quarter.Mark Brennan, CEO and Chairman commented, \"We are very pleased with the results from Minera Don Nicolas in Q1/2023, confirming the sustainability of the improvements that have been implemented over the past several quarters, which continues to highlight the skill and dedication of the operational team.\" He added, \"Work continues to focus on unlocking the significant resource growth potential at MDN. Management's continued objective is to build MDN's life of mine and develop a strategic plan that will encompass the same strategies employed at other nearby mines, namely open pit, underground, and heap leach mining operations. We are making significant progress, and during 2023 we will continue to execute on these production and exploration-based growth initiatives.\"Operational results presented for the first quarter 2023 highlight the stability of the Company's continued operations. Since Cerrado acquired the Minera Don Nicolas mine, operations, and production rates have continuously improved despite difficult Covid conditions during the first two years. Over the next few quarters, some variability is expected to continue, given the seasonal challenges in the winter months and given the Company is still developing and implementing its Life of Mine (\"LOM\") strategy.Ore milled remained stable throughout the quarter, above 1,000 ...