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Cerrado Gold Announces Q4 Gold Production Results and Provides 2023 Guidance for Its Minera Don Nicolas Mine in Argentina
Q4 2022 production of 17,360 Gold Equivalent Ounces ("GEO") Full year production at top end ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Announces Q4 Gold Production Results and Provides 2023 Guidance for Its Minera Don Nicolas Mine in ArgentinaQ4 2022 production of 17,360 Gold Equivalent Ounces (\"GEO\")Full year production at top end of range of guidance at 53,672 GEO (45-55,000 GEO)Las Calandrias heap leach construction on-track for first gold pour late Q2 20232023 Production Guidance: 60,000 - 70,000 GEO at an AISC of US$1,100-1,300 per ounceTORONTO, ON / ACCESSWIRE / January 18, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) (\"Cerrado\" or the \"Company\") announces production results for the fourth quarter of 2022 (\"Q4 2022\") from its Minera Don Nicolas Mine in Santa Cruz Province, Argentina (\"MDN\"). Full financial results are expected to be released on April 14, 2023.Q4 Operating HighlightsQ4 production of 17,360 GEO compared to Q3 2022 production of 11,284 GEO (+54%)Full year production of 53,672 GEO compared to 43,559 GEO for 2021 (+23%)Results demonstrate ongoing stability in mill throughput combined with improving head grades and recoveries;Gold head grades increased to 5.83 g/t from 4.40 g/t quarter-on-quarter (\"QoQ\") and to 4.56 g/t from 3.51 g/t year-on-year (\"YoY\")Gold Recoveries increased from 91.0% to 94.9% QoQ and from 88.7% to 91.6% YoYMark Brennan, CEO and Co-Chairman commented, \"We are very pleased with the progress at Minera Don Nicolas in 2022; the production growth and asset development seen over the past year is a testament to the skill and dedication of the MDN operational team.\" He added, \"While we are in production with operations that have now been normalized, MDN remains a Discovery asset and is still in its start-up phase. Management's objective over the last year has been focused on driving production but also on building MDN's life of mine strategic plan that will incorporate the same opportunities seen at the neighboring operations of Anglo, Yamana and Newmont.\"He continued, \"We are making significant headway with our heap leach and underground development and during 2023 we will continue to be focused on growth initiatives, both production and exploration based, to more fully define the world class potential we see in this asset.\"Operational results presented for 2022 highlight the Company's first full year of normalized operations. Since Cerrado acquired the Minera Don Nicolas mine, operations an...