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Cerrado Gold Announces Q2 2025 Production Results at Its Minera Don Nicolas Mine in Argentina
Gold Equivalent Ounce ("GEO") Production of 11,437 GEO for the 2 nd Quarter 2025 Undergro...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Announces Q2 2025 Production Results at Its Minera Don Nicolas Mine in ArgentinaGold Equivalent Ounce (\"GEO\") Production of 11,437 GEO for the 2nd Quarter 2025Underground Development has commenced and production set to ramp up in H2/2025Expanded crushing and agglomeration capacity should expand tonnages to the leach pads and improve recoveries at the Heap Leach operation2025 Production Guidance of 55,000 - 60,000 GEO remains in place, production weighted to H2 2025 as underground ramps up20,000m Exploration Program underway at MDN targeting potential significant resource growth opportunitiesDevelopment activities continue to progress both the Lagoa Salgada and Mont Sorcier projects TORONTO, ONTARIO / ACCESS Newswire / July 17, 2025 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") announces production results for the second quarter ended June 2025 (\"Q2 2025\") from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina (\"MDN\"). Full quarterly financial results are expected to be released prior to August 30, 2025.Q2 Operating HighlightsQ2 Production of 11,437 GEO vs 11,163 in Q1Heap leach production steadily ramping up to expanded capacity for H2/25Underground development at Paloma commencing as planned with three access portals startedCIL plant starting to receive initial contribution from underground development, production expected to ramp up over H2/2025Operational results for Q2 2025 showed a slight increase in production over the previous quarter, driven by modestly higher production from the heap leach operations. The heap leach operational performance remained steady over the quarter, however, recovery rates were impacted by a larger amount of primary ore placed on the pad during the quarter due to mine sequencing. This primary material has lower recovery rates and longer retention times as compared to oxide material. Heap leach production is expected to improve in H2/25 as more oxide ore is mined, the addition of an agglomerator to reduce fines and the ongoing upgrades to the crushing circuit are completed. In addition, during the quarter the crushing circuit was offline for approximately 15 days early in the quarter as upgrades were put in place to support higher throughput rates moving forward. Production from stockpiled material via the CIL plant declined somewhat d...