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Cerrado Gold Inc

CERT

Headquartered in Toronto, Canada, Cerrado Gold Inc. operates as a mining and exploration enterprise, actively seeking gold and silver deposits throughout South America. The company boasts full ownership of key projects, including Argentina's Minera Don Nicolas, a site covering approximately 333,400 hectares in Santa Cruz province. In Brazil, it controls the Monte Do Carmo gold project, encompassing 14 exploration permits across 67,785 hectares in Tocantins. Furthermore, Cerrado Gold also holds the Minera Mariana property in Argentina's Santa Cruz province, which includes the Las Calandrias and Los Cisnes projects and spans 60,400 hectares.

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Information

Key Information

Legal Entity

Cerrado Gold Inc

Sector

Precious Metal

Founded

March 23, 2021

Employees

100

Reporting Currency

CAD

Contact Phone

+1 416 342 1091

Headquarters Address

200 Bay Street , Toronto , ON M5J 2J2 , CA

Identifiers

CUSIP

156788101

Commodity Portfolio

AU Gold Primary

Stock Exchanges

CERT TSXV • CAD
CERT:CVE
CRDOF OTC • USD
CRDOF:OTCMKTS

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Videos

Cerrado Gold – Q2 2026 Operations At Minera Don Nicolas, Updates at Lagoa Salgada & Mont Sorcier

Cerrado Gold – Q2 2026 Operations At Minera Don Nicolas, Updates at Lagoa Salgada & Mont Sorcier

The KE Report
3 months ago

Key Highlights

detailed
  • Brennan says the MDN heap leach is now 'running on all cylinders' after water issues were resolved, producing about 10,000 ounces in Q2 2026 with a 4,000–4,500 ounce-per-month target; H1 ran about 28,000 ounces, putting the year on track for the higher end of 50,000–60,000 ounce guidance
  • The Falcone acquisition (from Pan American Silver), the new underground rig at Paloma, and a 70,000-meter drill program are presented as the path to extend MDN mine life from three years to five-to-six years and grow production toward a 100,000-ounce-per-year ambition
  • A Q1 2027 PEA will quantify the extended mine life and higher production profile — Brennan frames it as the first of two steps toward the 100k ounce platform and a target around $150 million of EBITDA
  • On Lagoa Salgada, Brennan says the injunction was granted on June 17, an optimized feasibility study is due in early September, regulatory submission is targeted for December, and production is targeted for Q1 2029 after an ~18-month build; the existing feasibility study shows an NPV of about $150 million and about $75 million of annual cash flow over a 14-year mine life, with about 70% debt-financed
  • Cerrado repurchased 100% of the Sprott streaming agreements on both MDN and Lagoa Salgada; Brennan estimates roughly 1.5 years of payback on the MDN stream and views the Lagoa stream as prepayment for a resource that could grow from 27 million tons to 150 million tons over the life of mine

Mark Brennan reports Q2 gold-equivalent output of 15,415 GEO versus 11,437 a year earlier, keeping Cerrado on track for 50,000-60,000 GEO this year. Heap leach now delivers about 10,000 GEO per quarter at MDN, with underground ore blended in to lift grades through the CIL plant. The Falcon acquisition extends MDN mine life from three years to five-to-six years and anchors a 70,000-meter exploration program across surface and underground targets. An injunction preserves the Lagoa Salgada concession in Portugal while Cerrado pursues environmental approval and targets first production by Q1 2029. Cerrado is delaying Mont Sorcier's feasibility study by a quarter to pursue optimization studies, including a strip-ratio review and concentrate-quality trade-offs.

Cerrado Gold– Q1 2026 Financials, Operations, & Exploration At M.D.N., Falcon Properties Acquisition

Cerrado Gold– Q1 2026 Financials, Operations, & Exploration At M.D.N., Falcon Properties Acquisition

The KE Report
5 months ago

Cerrado Gold achieved record Q1 2026 financials with $28.7M Adjusted EBITDA and strong production growth at the Minera Don Nicolas mine in Argentina. The strategic Falcon Properties acquisition and aggressive 70,000m drill program offer substantial exploration upside and potential heap leach mine life extension. The company remains significantly undervalued, with the massive $1.6B NPV Mont Sorcier Iron Project and producing gold assets not fully reflected in the market cap.

Cerrado Gold – 2025 Financials At MDN, Exploration Update, Lagoa Salgada EIA, Mont Sorcier BFS In Q2

Cerrado Gold – 2025 Financials At MDN, Exploration Update, Lagoa Salgada EIA, Mont Sorcier BFS In Q2

The KE Report
6 months ago

Cerrado Gold achieved 2025 production guidance with 50,238 GEOs and strong Q4 AISC reductions, positioning the company for improved margins in 2026. A substantial 70,000-meter drill program is underway at the MDN mine in Argentina, aimed at significantly extending mine life and discovering new high-grade zones. The Mont Sorcier Iron-Vanadium project in Quebec boasts a prior PEA NPV of US$1.6 Billion, suggesting the current market cap severely undervalues the company's combined assets.

Cerrado Gold – Q4 2025 Operations At Minera Don Nicolas, Lagoa Salgada EIA, & Mont Sorcier B.F.S.

Cerrado Gold – Q4 2025 Operations At Minera Don Nicolas, Lagoa Salgada EIA, & Mont Sorcier B.F.S.

The KE Report
9 months ago

Key Highlights

detailed
  • Q4 2025 production at Minera Don Nicolas reached 13,800 ounces, with the new heap leach running ~4,000 ounces/month and the underground (commissioned June 2025) ramping toward ~1,000 ounces/month.
  • Full-year 2025 production of 50,000 ounces met guidance; the host frames 2026 at 50-60,000 gold-equivalent ounces with potential upside as the underground develops.
  • A 70,000-meter drill program is in progress across Paloma South, eastern extensions, Cholungo, and Baratina; Brennan notes each incremental g/t at the underground adds roughly $3 million to project economics.
  • Cerrado trades at roughly a $250 million Canadian market cap versus a peer range of $500-850 million Canadian (Jaguar, Serabi, Heliostar) despite producing more gold; Brennan argues demonstrating a doubled mine life by end of Q1 2026 should close the gap.
  • Lagoa Salgada received an unfavorable Article 16 EIA opinion (1 of 14 committee members dissenting over deep-aquifer concerns); Brennan says the firm proposed water re-injection through its expert and plans a market update within 1-2 weeks; Mont Sorcier bankable feasibility study remains on track for end of Q2 2026.

Cerrado Gold's Minera Don Nicolas produced 13,806 GEO in Q4 2025 and 50,238 GEO for the full year, with the underground at Paloma now ramping up alongside the heap leach. Guidance for 2026 is 50,000 to 60,000 GEO weighted to H2/26, and a 70,000-meter drill program is testing extensions to extend mine life. An unexpected unfavourable EIA opinion on Lagoa Salgada in Portugal came despite earlier unanimous committee approval, and the company is pursuing a resolution. Mont Sorcier's Q2 2026 bankable feasibility study targets 67%+ iron concentrate; the prior PEA pegged NPV at $1.6B and management argues the market is ascribing no value to it. Management frames Cerrado as trading at a steep discount to peer gold producers with similar or lower output, citing rerating potential if mine life is extended.

Articles

Cerrado Gold Ramps MDN Heap Leach as Underground Build-Out and Q1 2027 PEA Take Shape

Cerrado Gold's Q2 update shows the Minera Don Nicolas heap leach at roughly 10,000 ounces for the quarter, with H1 tracking the higher end of 50-60k ounce guidance, while a 70,000-meter drill program, the Falcon acquisition, and a new underground rig set up a Q1 2027 PEA. Lagoa Salgada and Mont Sorcier remain real but unmonetized optionality until permits and feasibility work catch up.

3 months ago
Cerrado Gold – Q2 2026 Operations At Minera Don Nicolas, Updates at Lagoa Salgada & Mont Sorcier
Read article

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