Cerrado Gold Announces Q3 Gold Production Results For Its Minera Don Nicolas Mine In Argentina
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: accesswire
Production Increase: Cerrado Gold Inc. reported a production of 16,604 Gold Equivalent Ounces (GEO) in Q3 2024, an increase from 16,255 GEO in Q2 and 11,204 GEO in Q1, driven by high-grade ore from additional pits and improved heap leach operations.
Financial Improvement: The company has reduced its current liabilities by approximately US$12 million since March 2024, enhancing its financial position as it continues to optimize operations and ramp up production capacity.
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.
