Cerrado Gold Reports Financial Results for Q3 2025

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Nov 28 2025

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Source: Yahoo Finance

Production and Financial Performance: Cerrado Gold's Minera Don Nicolas mine produced 13,832 Gold Equivalent Ounces (GEO) in Q3 2025, with an Adjusted EBITDA of $11.8 million and cash reserves of $16.5 million. The company maintained its full-year production guidance of 50,000-55,000 GEO.
Operational Improvements: The heap leach operation achieved record production due to expanded crushing capacity and improved recoveries, while underground mining is set to ramp up in Q4 2025, contributing higher-grade ore to the mill.
Exploration and Development Plans: Cerrado has expanded its exploration program from 20,000 to 50,000 metres for 2026, with new drilling rigs arriving to accelerate progress. Significant advancements are also being made at the Lagoa Salgada and Mont Sorcier projects, with feasibility studies expected in early 2026.
Market Engagement and Future Outlook: The company has engaged DS Market Solutions for market-making services and plans to host a conference call on December 1, 2025, to discuss Q3 results. Management anticipates improved cash flows and production rates moving into 2026, driven by higher gold prices and operational efficiencies.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.