Low-Cost Gold Producer with Multi-Million Ounce Potential
Stock Code:
TSX-V: CERT
Company Exposure:
Gold
Project Locations:
Argentina, Brazil
Cerrado Gold is a junior producer, developing a large-scale World Class Asset. Cerrado owns the Minera Don Nicolas mine (MDN), located in Santa Cruz, Argentina; a producing high-grade gold mine with significant expansion and exploration potential. In Quebec, Canada, Cerrado owns the Mont Sorcier Iron Ore and Vanadium Project, a large magnetite resource capable of producing high-grade concentrates to support the production of green steel.
MDN remains a discovery asset anchored by strong production growth, Mont Sorcier is a world class iron ore project which has the benefit of available and underutilized infrastructure and access to low-cost green hydro power.
Cerrado remains committed to expanding enhancing both these assets through continued growth, exploration and derisking efforts to unlock the value of these two assets for shareholders.
Cerrado’s executive team has a long history of success developing numerous mining projects from early-stage exploration through development and production in the Americas.
Investment Highlights
Steady State Gold Producer
Minera Don Nicolas producing 50-60Koz per annum @ approximately US$1,200 AISC
- Capital programme for new heap leach completed and debt reduction programme underway
- Strong cash flows targeted to commence supporting debt paydown
- Macro economic environment improving
Well Funded
Steady cash flows expected from Minera Don Nicolas to support ongoing exploration and development work
- Proceeds from asset sale generate US$60M over 2024-2027
- ECA project financing with UKEF & TD Bank for up to US$420M
Large Scale Long Life development Asset
- Mont Sorcier to produce 5Mtpa of green DRI concentrate to support Green Street manufacture
- Recent metallurgical test works demonstrates ability to produce high purity DRI 67% grade iron concentrate with <2.5% silica and alumina combined
- Mont Sorcier PEA FCF of approximately US$235Mpa for 21 years using only 65% grade
- Construction financing for 70% of capital requirements already being supported