Cerrado Gold Announces Resumption of Trading and Full-Year Guidance for Minera Don Nicholas Mine

Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF) will resume trading on the TSX Venture Exchange starting August 8, 2024. The company's Q2/24 production for its Minera Don Nicholas (MDN) mine in Argentina hit 16,255 Gold Equivalent Ounces (GEO), with full-year guidance projecting between 50,000-60,000 GEO at an All-In-Sustaining Cost (AISC) of US$1,200-1,400 per ounce.

Recent Preliminary Economic Assessment (PEA) results estimate the mine's Net Present Value (NPV) at $111MM, assuming a gold price of $2100/oz over a 5-year period, with an average annual production of 56,000 GEO. The life-of-mine average annual EBITDA is projected at US$49 million and free cash flow at US$25 million.

Furthermore, Cerrado anticipates an additional US$45 million cash inflow from the Monte do Carmo project sale in Brazil, expected between 2025-2027. A second crusher is also being commissioned to expand the heap leach operations at MDN.