Cerrado Gold reports solid Q1 2025 results with higher production and lower costs at Minera Don Nicolás

Cerrado Gold reports strong Q1 2025 results with higher production and lower AISC at Minera Don Nicolás. Revenue reaches $32.2M as company advances key growth projects.

Cerrado Gold Inc. (TSXV: CERT) has released its financial and operating results for the first quarter of 2025, highlighting strong production performance and improved cost efficiency at its flagship Minera Don Nicolás (MDN) gold mine in Argentina.

Key Highlights from Q1 2025:

• Gold production increased to 13,823 ounces, up from 12,453 ounces in Q1 2024.
• All-in Sustaining Costs (AISC) dropped to $1,241 per ounce, a significant improvement compared to $1,426/oz in the same period last year.
• Revenue rose to $32.2 million, driven by higher gold sales and favorable market prices.
• EBITDA increased to $9.9 million, with a net income of $0.4 million, reflecting solid operational management.

CEO and Chairman Mark Brennan emphasized the operational success at MDN, stating, “We are pleased with the consistent performance at Minera Don Nicolás, where ongoing optimization efforts continue to reduce costs and enhance profitability. These results provide a strong foundation for our strategic goals in 2025.”

Operational and Strategic Update:

The company reaffirmed its 2025 guidance of producing between 50,000–55,000 ounces of gold at an AISC below $1,200/oz.

Cerrado continues to advance its Monte Do Carmo project in Brazil, with progress on permitting and development activities aimed at transitioning the project into construction in the near term.

Exploration efforts at both MDN and Monte Do Carmo are ongoing, with encouraging geological targets identified for future drilling.

Outlook

Cerrado Gold is well-positioned for continued growth in 2025, supported by rising production, declining costs, and a robust pipeline of development and exploration assets. The company’s disciplined approach to capital allocation and operational improvements is expected to further strengthen its financial profile and shareholder value.

For the full Q1 2025 financial report, visit: www.cerradogold.com