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Cerrado Gold Inc V.CERT

Alternate Symbol(s):  CRDOF

Metals & Mining Gold
Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on gold projects in South America. It is an owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina, and the Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing its owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec. The Minera Don Nicholas property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. The property operates mining from two separate open pit areas, La Paloma and Martinetas. The Monte Do Carmo project is located in state of Tocatins, with claims totaling 82,541 ha of concessions. The Mont Sorcier Iron ore property hosts a large Iron resource with extractable Vanadium in a mining jurisdiction. The Property is located 18 km outside of Chibougamau, Quebec by road Mont Sorcier.


TSXV:CERT - Post by User

Cerrado Gold Inc
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Post by baystock1on Apr 12, 2024 11:13pm
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Post# 35987168

Q2 2024 will be a lot better than Q4 2023

Q2 2024 will be a lot better than Q4 2023There is a chart here showing black market peso rate VS official rate: https://youtu.be/wlf92o7tm1A?t=265+ Note the huge gap between these 2 rates in Q4 with the black market value of the peso being almost 1/3rd that of the official rate. I think this is one of the factors behind Cerrado's liquidity issues and low cash flow margins. Note how in Q2 of 2024 how the 2 rates have pretty much converged. This along with the big increase in POG should help their margins bigly in Q2.
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