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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 projects in the Americas. The Company is the 100% owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina and is the 100% owner of the Mont Sorcier Iron Ore Project in Quebec, Canada. In Canada, it holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium project, which has the potential to produce a premium iron ore concentrate. The Minera Don Nicholas (MDN) property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. MDN is producing operating mining from two separate open pit areas, La Paloma and Martinetas. The Mont Sorcier Iron ore property is located just 18 km outside of Chibougamau, Quebec. The Property hosts a large Iron resource with significant and extractable Vanadium.


TSXV:CERT - Post by User

Cerrado Gold Inc > News today
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Comment by baystock1on Jul 22, 2024 1:28am
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Post# 36142232

RE:News today

RE:News todayI posted the below on the other site:
So the company is stating in the Q2 financials that they are doubling crushing capacity at the heap leach to 10,000 tpd in order to support a doubling in production towards the latter part of this year to 4,500 oz/month. So to me this means the production rate from Calandrias Sur heap leach should double from the current 20-25koz/yr to the 40-50koz/yr range in 2025. At 2400 POG and 50% cash flow margin this should generate US$48-60 million EBITDA or 3x current market cap. This cash flow should then allow them to drill for more low grade resources to increase the heap leach mine life and also to finance bringing the second heap leach mine at Martinetas online: https://www.cerradogold.com/news/cerrado-gold-commences-heap-leach-operations-at-its-las-calandrias-project-in-santa-cruz-argentina/
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