Business
Cerrado Gold Announces Second Quarter 2025 Financial Results
Transition extending life of mine production underway Gold equivalent production of 11,437 ...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Announces Second Quarter 2025 Financial ResultsTransition extending life of mine production underwayGold equivalent production of 11,437 Gold Equivalent Ounces (\"GEO\") at AISC of $1,779/oz during Q2 2025Adjusted EBITDA of $7.4 million for Q2 2025Full year guidance of 55,000-60,000 GEO maintained: Production weighted to H2 as higher-grade underground mining and heap leach volumes increaseRepayment of ~US$18m debt and payables at the MDN operations year to date- ~US$10m in Q2 202520,000 meter resource expansion exploration program at MDN underwaySignificant investment and progress at both the Lagoa Salgada and Mont Sorcier projectsPositive Metallurgical results at Lagoa Salgada to be incorporated into Optimized Feasibility Study to be delivered by year endManagement to host conference call on Monday, 25th of August, 11AM EDT TORONTO, ON / ACCESS Newswire / August 21, 2025 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF)(FRA:BAI0) (\"Cerrado\" or the \"Company\") announces its operational and financial results for the second quarter (\"Q2/25\") 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. Financial results now include the consolidated financial position of Ascendant Resources Inc. (\"Ascendant\") following the close of the acquisition effective May 16, 2025.Production results for MDN were previously released on July 17, 2025. The Company's financial results are reported and available on SEDAR+ (www.sedarplus.com) and the Company's website (www.cerradogold.com).Q2/25 MDN Operating Highlights:Q2/25 production of 11,437 GEO and AISC of $1,779/ozUnit costs expected to continue to decline as production increases in H2/2025Q2/25 Adjusted EBITDA of $7.4 millionRecord heap leach production of 7,864 GEO during the QuarterUnderground development at Paloma started with three access portalsCIL plant receiving initial contribution from underground development; production expected to ramp up over H2/2025Operational results for the second quarter saw gold production increase compared to Q1 2025, but were lower than Q2/24 during which period the high grade Calandrias Norte pit was being mined. This was anticipated given the depletion of high-grade material from Calandrias Norte, follo...