Direct from the Rohstoff-Messe in Munich: Mike McAllister, VP Investor Relations of Cerrado Gold (TSX-V: CERT | OTCQX: CRDOF), on a producer that funds its growth from its own cash flow.
At the Minera Don Nicolás mine in Argentina, Cerrado expects to hit the top end of its 50,000–60,000 oz guidance this year, with a 100,000 oz target in sight. A 70,000 m drill program is set to extend the mine life, with an updated PEA and resource expected in Q1.
In Portugal, the Lagoa Salgada gold, silver and critical metals project is entering permitting, with construction planned for next year. Financing comes through export credit agency debt and offtake prepayments, with no dilution for shareholders. In Québec, the Mont Sorcier project aims to produce high-purity 67% iron ore for green steel.
Also covered:
▪️ Q3 production, costs and strategic ore sorting
▪️ Eric Sprott’s US$10 million investment after Cerrado bought back its streams
▪️ Capex and financing for Lagoa Salgada
▪️ Catalysts for the next 6 to 12 months
More info: www.cerradogold.com
Disclaimer: This video is for informational purposes only and does not constitute investment advice.
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