An announcement from Cerrado Gold ( (TSE:CERT) ) is now available.
Cerrado Gold has completed the final payment for the acquisition of the Minera Don Nicolás gold mine in Argentina, totaling US$47 million. Since acquiring the mine in 2020, Cerrado has increased production significantly and plans to further expand resources through exploration. The company’s strong financial position is expected to support future projects, including the development of the Lagoa Salgada Project in Portugal. Additionally, Cerrado has engaged The Korelin Economics Report for strategic marketing and investor relations to enhance its investor profile.
More about Cerrado Gold
Cerrado Gold is a Toronto-based company engaged in gold production, development, and exploration, with a focus on projects in South America. It owns the Minera Don Nicolás and Las Calandrias mines in Argentina and is developing the Mont Sorcier Iron Ore and Vanadium project in Canada. The company aims to maximize asset value through operational optimization and exploration in Argentina, while its Canadian project supports the decarbonization of the steel industry.
YTD Price Performance: 20.0%
Average Trading Volume: 125,002
Technical Sentiment Signal: Sell
Current Market Cap: $32.3M
For detailed information about CERT stock, go to TipRanks’ Stock Analysis page.