Cerrado Gold Reports Q2 2025 Financial Results Highlighting Increased Production Focus

Cerrado Gold Inc. announced its financial and operational results for the second quarter of 2025. The company reported the production of 11,437 Gold Equivalent Ounces (GEO) at an All-In Sustaining Cost (AISC) of $1,779 per ounce. The adjusted EBITDA for the quarter was $7.4 million. Cerrado maintained its full-year guidance of 55,000-60,000 GEO, with production expected to increase in the second half of the year.

The company repaid approximately $18 million in debt at its Minera Don Nicolas (MDN) operations, including $10 million during Q2. In addition, Cerrado initiated a 20,000-meter resource expansion project at MDN and reported significant progress at the Lagoa Salgada and Mont Sorcier projects.

Despite operational challenges from transitioning high-grade mining sites, the heap leach operation saw a record production of 7,864 GEO. The company anticipates further improvements in H2 2025, driven by ongoing upgrades in their crushing circuit and increased underground mining.