Cerrado Gold ( (TSE:CERT) ) has provided an update.
Cerrado Gold announced its Q1 2025 production results, reporting a modest increase in gold equivalent ounces (GEO) produced compared to the previous quarter, largely due to enhanced heap leach operations. The company raised its annual production guidance to 55,000-60,000 GEO, reflecting the anticipated commencement of underground mining in the second half of 2025. This expansion is expected to boost production levels and support exploration activities aimed at extending mine life and resources. However, the company also anticipates higher all-in sustaining costs (AISC) due to the inclusion of underground mining and inflationary pressures in Argentina.
More about Cerrado Gold
Cerrado Gold Inc. operates in the mining industry, focusing on gold production. The company is primarily engaged in the extraction and processing of gold at its Minera Don Nicolas Mine in Santa Cruz Province, Argentina. Cerrado Gold is listed on the TSX Venture Exchange and the OTCQX market.
YTD Price Performance: 35.71%
Average Trading Volume: 136,414
Technical Sentiment Signal: Sell
Current Market Cap: $37.03M
Find detailed analytics on CERT stock on TipRanks’ Stock Analysis page.