Cerrado Gold Inc. (TSXV: CERT | OTCQX: CRDOF) has announced record gold production of 15,008 ounces at its Minera Don Nicola (MDN) mine in Argentina for Q4 2021. The company has also reported record Q4 adjusted EBITDA of US$8.3M, and a record low AISC of US$995 ounces for the period.
Q4 2021 represents the first quarter of post-completion of operational restructuring at Cerrado’s MDN mine.
Mark Brennan, CEO and co-chairman, said, “It has been extremely gratifying to see the strong operating performance delivered by Cerrado’s Argentinian team translating into strong cashflow generation during the fourth quarter.”
Q4 2021 MDN Operational Highlights
- Record gold production of 15,008 ounces in Q4 2021, a 48% improvement year on year. Annual 2021 production of 42,267 ounces, a 155% improvement year on year
- Strong operating margin of US$8.1M and operating cash flows of US$4.7M
- AISC of $995 per ounce, a record low since the Cerrado acquisition and the fifth consecutive quarter of improvement
“With the improved operating performance, we expect our Argentinian operations to continue to be self-supporting as we pivot to the next stage of growth at MDN and develop and grow our assets in Brazil,” said Mr Brennan.
To find out more, please visit: https://www.cerradogold.com/
