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Cerrado Gold ( (TSE:CERT) ) has provided an update.
Cerrado Gold announced its Q4 and annual 2024 gold production results, reporting a total of 54,494 gold equivalent ounces for the year, aligning with their guidance range. Despite a decrease in Q4 production due to lower ore grades, the company achieved record heap leach production and received significant asset sale payments, which bolstered its financial standing. The company is focused on enhancing its crushing capacity to support a full transition to heap leach operations in 2025, aiming for improved production metrics and operational efficiency.
More about Cerrado Gold
Cerrado Gold Inc. is a mining company operating in the gold industry, primarily focusing on the production and sale of gold equivalent ounces. Its main operations are centered around the Minera Don Nicolas Mine in Santa Cruz Province, Argentina, with a strategic emphasis on transitioning to heap leach operations.
YTD Price Performance: 17.50%
Average Trading Volume: 62,114
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $32.33M
For detailed information about CERT stock, go to TipRanks’ Stock Analysis page.
