Cerrado Gold Reports Q2 2025 Production Results at Minera Don Nicolas Mine in Argentina

Cerrado Gold's Q2 2025 production at Minera Don Nicolas Mine in Argentina reached 11,437 GEO, a slight increase from Q1. Underground development has commenced and production is expected to ramp up in H2/2025. The company's 2025 production guidance of 55,000-60,000 GEO remains in place, weighted towards H2/2025. A 20,000m exploration program is underway to target resource growth opportunities, and development activities are progressing at Lagoa Salgada and Mont Sorcier projects.

Cerrado Gold Inc. (OTCQX:CRDOF) reported its Q2 2025 production at Minera Don Nicolas Mine in Argentina, reaching 11,437 Gold Equivalent Ounces (GEO), a slight increase from the 11,163 GEO reported in Q1. The company maintains its 2025 production guidance of 55,000-60,000 GEO, with production expected to be weighted towards the second half of 2025 (H2/2025).

Key developments in the quarter include the commencement of underground mining at Paloma with three access portals, the expansion of the heap leach crushing circuit capacity, and a 20,000m exploration program. The company is also progressing with feasibility studies for its Lagoa Salgada and Mont Sorcier projects, expected by Q3/2025 and Q1/2026 respectively.

Cerrado Gold's CEO, Mark Brennan, commented, "While Q2 results were modestly lower than our expectations as the heap leach continues to ramp up to its fully expanded capacity, we continue to be confident in our full year expectations as the underground operations ramp-up in H2/2025."

The Mont Sorcier iron project's previous PEA indicated an NPV8% of US$1.6 Billion, with potential for high-purity DRI grade iron ore concentrate exceeding 67% iron. The company expects to receive future payments of US$25 million from asset sales through 2027.

Cerrado Gold is a Toronto-based gold production, development, and exploration company. The company is the 100% owner of the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamou, Quebec.

References:
[1] https://www.stocktitan.net/news/CRDOF/cerrado-gold-announces-q2-2025-production-results-at-its-minera-don-mpxrrs1xllwh.html