Cerrado Gold (TSE:CERT) has released an update.
Cerrado Gold has reported a strong second quarter in 2024 with a notable increase in gold production at its Minera Don Nicolas Mine in Argentina, reaching 16,255 Gold Equivalent Ounces compared to 11,204 GEO in the first quarter. The company credits the high-grade ore from Calandrias Norte and the ramp-up of its heap leach operations for this boost. Alongside production gains, Cerrado Gold has achieved substantial cost reductions and has made significant strides in reducing corporate expenses and repaying its current liabilities.
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