Cerrado Gold Inc (TSE:CERT) has released an update.
Cerrado Gold Inc. has announced an agreement to sell its Monte Do Carmo project in Brazil to Amarillo Mineração, a subsidiary of Hochschild Mining PLC, for $60 million, aiming to improve its financial flexibility and support growth. The deal, which is subject to shareholder approval and certain conditions, will provide Cerrado with immediate capital and allow for further investment in its existing gold mining operations and development projects.
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