- Cerrado Gold (CERT) has achieved strong Q2 production results from its Minera Don Nicolás mine in Santa Cruz Province, Argentina
- Gold production was 9,607 ounces, a 28 per cent improvement over Q1 2021
- Production of gold equivalent ounces was 10,063 ounces, a 48 per cent increase over Q1 2021
- The company will release its full Q2 2021 financial results by the end of August
- Cerrado Gold is a gold producer and exploration company focused on projects in Brazil and Argentina
- Cerrado Gold (CERT) is unchanged at $1.28 per share
Cerrado Gold (CERT) has achieved strong Q2 production results from its Minera Don Nicolás mine in Santa Cruz Province, Argentina.
Q2 operating highlights
- Gold production of 9,607 ounces, a 28 per cent improvement over Q1 2021. Management is targeting a production run rate of 55,000 ounces per annum by year’s end
- Production of gold equivalent ounces was 10,063 ounces, a 48 per cent increase over Q1 2021
- Gold equivalent ounces shipped exceeded 10,000 ounces, a record for Minera, compared to 6,793 ounces shipped in Q1 2021
- Since the acquisition, gold production has seen a month-over-month increase, which has continued in the quarter, highlighted by 3,385 ounces produced in June 2021
- Minera Don Nicolás’ gold grades are steadily increasing with 3.4 g/t Au in mill feed reported for June 2021
- Gold production for the first half of the year was 17,091 ounces, which exceeds total production during Cerrado’s nine-month ownership in 2020
The company will release its full Q2 2021 financial results by the end of August.
Mark Brennan, Cerrado’s CEO and Co-Chairman commented,
“We are extremely pleased with the continuous improvement and the robust operational results that the Don Nicolás team has achieved in a very challenging COVID environment.”
Cerrado Gold is a gold producer and exploration company focused on projects in Brazil and Argentina.
Cerrado Gold (CERT) is unchanged at $1.28 per share as of 10:33 am ET.