Cerrado Gold Announces 2024 Production Results and 2025 Outlook

Cerrado Gold Inc. has reported its 2024 production results, achieving 54,494 Gold Equivalent Ounces (GEO), aligning with its forecast of 50,000 - 60,000 GEO. In Q4, production reached 10,431 GEO, facing challenges due to lower ore grades from remaining open pits. However, record production of 5,956 GEO was achieved through heap leach operations in this quarter.

Looking forward, Cerrado provides a 2025 production guidance of 50,000-55,000 GEO. The company is transitioning to a heap leach-only operation and aims to enhance heap leach production to 4,000-4,500 GEO per month by March 2025.

Cerrado's financial position was bolstered with $34 million in asset sale payments, improving its balance sheet. Exploration and development efforts are underway for potential underground operations at Paloma and enhancement at Mont Sorcier in Quebec.