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Cerrado Gold Reports Record Q4 and Annual 2021 Gold Production Results from Its Minera Don Nicolas Mine in Argentina
Record Q4 2021 production of 15,368 gold equivalent ounces and 2021 annual production of 43,...
About this update from Cerrado Gold Inc
[{"type":"text","content":"Cerrado Gold Reports Record Q4 and Annual 2021 Gold Production Results from Its Minera Don Nicolas Mine in ArgentinaRecord Q4 2021 production of 15,368 gold equivalent ounces and 2021 annual production of 43,559 gold equivalent ounces5th consecutive quarter of operational improvement despite severe ongoing Covid restrictionsToronto, Ontario--(Newsfile Corp. - January 10, 2022) - Cerrado Gold Inc. (TSXV: CERT) (OTCQX: CRDOF) (\"Cerrado\" or the \"Company\") is pleased to announce record production results for the fourth quarter of 2021 (\"Q4 2021\") from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina (\"MDN\"). Full financial results are to be released by March 31, 2022. Q4 Operating HighlightsRecord production of 15,368 gold equivalent ounces in Q4 2021 increased 46% over Q3 2021 production of 10,549 gold equivalent ounces. Gold production of 15,008 ounces, increased 48% over Q3 2021.2021 gold equivalent production of 43,559 ounces increased 61% above the previous MDN mine record of 27,043 ounces (2019) and 94% above 2020 production of 22,472 ounces.Results demonstrate the ongoing success of focusing on improving ore head grade to the mill with an average grade of 4.77 grams per tonne gold achieved in Q4 2021. Ore mined and mill throughput in Q4 2021 were 6% higher than in Q3 2021. Since Cerrado assumed control of Minera Don Nicolas in Q2 2020, gold production has seen steady month over month increases, highlighted by production of 5,751 gold equivalent ounces in November 2021, a 27% improvement over 4,545 ounces produced in August 2021, the previous best monthly production rate since Cerrado acquired MDN.Mark Brennan, CEO and Co-Chairman commented, \"We are extremely pleased with this new record of quarterly gold production at MDN which reflects the tremendous effort from the entire operations team despite a still very challenging COVID environment.\"He continued, \"These results provide confidence of our investment thesis when Cerrado acquired MDN for production expectations of 50,000 ounces of gold annually on a normalized basis. The team are currently engaged in delivering a strategy to expand production from this core base case. We would like to commend the MDN team for the exceptional performance they have delivered in what remains a very difficult environment; it gives us great confidence in our a...