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Cerrado Gold’s (CERT.V) Monte do Carmo gold project in Brazil could become one of the lowest cost mines in the world. Meanwhile, despite recent operating challenges, its Minera Don Nicolas gold mine on its vast land package in Argentina is posed for a turnaround with heap leach operations slated to begin in April 2023.
We believe the worst may be behind Cerrado. At current prices of around .88 cents, Cerrado Gold is a high-risk, but very high-reward gold developer with extremely favorable economics as the gold price advances above $US 1,800.
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