EarningsQ2 2025 Earnings Report

Cerrado Gold (CRDOF) Q2 2025 Earnings Report

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Previous Report: Q1 2025

Next Report: Q3 2025

CRDOF Q2 2025 EPS Results

Actual EPS$0.01

Consensus EPS―

Beat/Miss―

One Year Ago EPS$0.01

CRDOF Q2 2025 Revenue Results

Actual Revenue$29.31M

Expected Revenue―

Beat/Miss―

YoY Revenue Growth-13.80%

Earnings Announcement Details

QuarterQ2 2025

Date08/21/2025

TimeAfter Close

Conference CallThursday, August 21, 2025

CRDOF Upcoming Earnings

Cerrado Gold's next earnings date is estimated for November 26, 2026, based on past reporting schedules.

Q2 2025 Earnings Call Audio

CRDOF Q2 2025 Earnings Call

0:00 / 0:00

Q2 2025 Earnings Slide Deck

Q2 2025 Earnings Call Summary

Q2 2025

Earnings Call Date:Aug 21, 2025|

% Change Since:

Earnings Call Sentiment|Neutral

The earnings call highlighted significant achievements such as the acquisition of Ascendant Resources, notable debt reduction, and increased heap leach production. However, these were offset by challenges including a decrease in gold equivalent ounces production, lower adjusted EBITDA, and increased all-in sustaining costs. The sentiment is balanced with both positive growth potential and current operational challenges.

Company Guidance

During the Cerrado Gold 2025 Second Quarter Financial and Operational Results Conference Call, the company's leadership provided comprehensive guidance on several key metrics. For the second quarter of 2025, Cerrado Gold reported production of 11,437 gold equivalent ounces, a decrease from 16,255 ounces in Q2 2024, due to changes in the mining mix. The company reiterated its full-year production guidance of 55,000 to 60,000 ounces, expecting increased contributions from its Argentina operations in the latter half of the year. Adjusted EBITDA for Q2 2025 was $7.4 million, down from $15 million in Q2 2024, primarily affected by a $5.2 million revenue decrease due to fewer ounces sold, despite a higher realized price of $2,684 per ounce compared to $2,200 in the previous year. The all-in sustaining costs rose to $1,779 per ounce from $1,233 in Q2 2024, although there was a decrease from Q1 2025's $1,932 per ounce. The company has also made significant strides in debt reduction, repaying approximately $18 million year-to-date, with $10 million repaid in the second quarter, and anticipates further reductions to $30 million by year-end. Investments in projects in Portugal and Quebec amounted to $8 million year-to-date, with ongoing feasibility studies expected to yield positive results. The cash balance at the end of June stood at $5.7 million, reflecting both debt repayments and capital investments, with potential future cash inflows from receivables and option payments. Overall, the company is optimistic about its financial position and growth prospects, with expectations for strong cash flow and reduced capital expenditure in 2026.

Acquisition of Ascendant Resources

Cerrado Gold completed the acquisition of Ascendant on May 16, significantly impacting the balance sheet and income statement. This strategic acquisition is expected to enhance the company's asset base.

Debt Reduction

Cerrado Gold has repaid approximately $18 million in debt year-to-date, with $10 million repaid in the second quarter alone. The company expects to reduce debt by $30 million by year-end.

Heap Leach Production Increase

Record heap leach production of 7,864 ounces was achieved, significantly higher than the 2,400 ounces from the previous year.

Strong Growth in MDN Operation

Heap leach production expected to rise from 13,000 ounces in 2024 to around 36,000 ounces in 2025, targeting over 50,000 ounces next year.

Upcoming Feasibility Studies

Anticipated release of optimized feasibility studies for Lagoa Salgada and Mont Sorcier projects, expected to showcase strong NPVs and economic potential.

CRDOF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 26, 2026	2026 (Q3)	0.06 / -	-0.09	―
Aug 18, 2026	2026 (Q2)	0.12 / 0.07	0.01	600.00% (+0.06)
May 27, 2026	2026 (Q1)	- / -	-0.041	―
Apr 02, 2026	2025 (Q4)	- / 0.09	-0.057	257.89% (+0.15)
Nov 28, 2025	2025 (Q3)	-0.09 / -0.09	0.02	-550.00% (-0.11)
Aug 21, 2025	2025 (Q2)	- / 0.01	0.014	-28.57% (>-0.01)
May 29, 2025	2025 (Q1)	- / -	-0.07	―
May 01, 2025	2024 (Q4)	- / -0.04	-0.05	18.57% (<+0.01)
Nov 28, 2024	2024 (Q3)	- / 0.01	0	―
Aug 29, 2024	2024 (Q2)	0.02 / 0.01	-0.007	240.00% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed