Business
Cerrado Gold Announces Q3 Gold Production Results For Its Minera Don Nicolas Mine In Argentina
Q3 Production of 16,604 Gold Equivalent Ounces ("GEO") vs 16,255 GEO in Q2 and 11,204 in Q1, 2024...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Announces Q3 Gold Production Results For Its Minera Don Nicolas Mine In ArgentinaQ3 Production of 16,604 Gold Equivalent Ounces (\"GEO\") vs 16,255 GEO in Q2 and 11,204 in Q1, 2024.Calandrias Norte high-grade ore supplemented by additional pits extending CIL operation into 2025.Production of 3,404, GEO from Heap leach operations during the quarter with a record of 1,644 GEO in August.Balance sheet continues to improve, with approximately US$12m in current liabilities repaid since March 2024. TORONTO, ON / ACCESSWIRE / October 16, 2024 / Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF] (\"Cerrado\" or the \"Company\") announces production results for the third quarter ended September, 2024 (\"Q3 2024\") from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina (\"MDN\"). Full third quarter financial results are expected to be released in November 2024.Q3 Operating HighlightsQ3 Production of 16,604 GEO vs 16,255 GEO in Q2 and 11,204 in Q1, 2024.Choique and Zorro pits supplemented CIL feed from Calandrias Norte during the quarter. CIL plant will continue operating until the end of January 2025.Focus remains on doubling up crushing capacity at Calandrias Sur and bringing heap leach production up to 4,500 GEO per month.Operational results for Q3 2024 demonstrated a slight increase in production over the the previous quarter, highlighting stabilized operations. Ore from the Calandrias Norte high-grade open pit was exhausted but replaced by additional high-grade feed from two additional pits. In addition, the ramp up of heap leach operations continued to improve as crushing capacity continued to climb with record production of 1,644 GEO in August before a slight decline in September as some adjustments were put in place to support the overall expansion of the facilities. The performance of the Heap leach continues to depend on the crushing circuit. To maintain production rates until an additional crushing circuit is installed, two mobile crushers were added, resulting in a total crushing capacity of 300,000 tons per month. The design of a new crushing circuit is complete, and a secondary crusher has been ordered. The secondary crusher will double the capacity with a single crushing circuit supporting the ramp up in production from the heap leach operations. The installation of the secondary crusher is expected to reduc...