Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced its production results for Q2 2023 from the Minera Don Nicolas Mine (MDN) in Santa Cruz province, Argentina.
Operational results include 12,453 gold equivalent ounces (GEO) and highlight the stability of operations. Since Cerrado acquired the Minera Don Nicolas mine, it has continuously improved performance during the first two years.
Ore milled remained stable throughout the quarter, at above 1,000tpd, and production increases were driven primarily by efforts to reduce dilution and thus increase head grades, offset slightly by lower recoveries due to changes in ore type.
Cerrado has reported that sales for the quarter were lower than production, however, these will be recovered in Q3 due to high-grade material entering the plant at the end of the quarter.
Additionally, ongoing work to optimize mine sequencing and exploration work to upgrade and define new sources of resources remains the key focus of development at MDN.
The operations team is focused on numerous new growth projects aside from expanding current open pit resources, including the construction of the Las Calandrias Heap Leach operation, underground development and production at Paloma, and a new Heap Leach operation at Martinetas.
The company’s mining activities are at full production level, and gold production is anticipated to ramp up during Q3, with full production expected by the end of the quarter.
Full financial results are expected to be released in August 2023.
To find out more, please visit www.cerradogold.com
