Cerrado Gold Inc. reports a Gold Equivalent Ounce (“GEO”) Production of 13,868 GEO for the 3rd Quarter 2025. Expanded crushing capacity led to record quarterly production, but Underground Development was delayed by 60 days. Production Guidance for 2025 revised to 50,000 to 55,000 GEO. Exploration Program expanded with an additional 50,000m planned for 2026.
Operational results for Q3 2025 showed a 21% increase in production over the previous quarter, with higher production from the Calandrias Sur heap leach operation. The underground development continues to progress, with three access portals targeted to reach production stopes in Q4. CIL plant to receive ore from underground development, ramping up production in Q4/2025.
CEO and Chairman, Mark Brennan, expressed satisfaction with the progress at all operations. The company is on track for a positive transition year at MDN, with improved performance across all platforms. The exploration program is expanding to test high-value targets, aiming to expand resources at MDN and extend mine life. Feasibility studies for Lagoa Salgada and Mont Sorcier projects continue to progress.
At the Lagoa Salgada project in Portugal, the Optimized Feasibility Study is underway, with a completion target by the end of the year. The EU Undercover program, exploring deeper resource potential, has been completed. At the Mont Sorcier high-purity iron project, the feasibility study is progressing, with an infill drilling program completed to update resources to the Proven and Probable categories. Cerrado Gold completed over 17,000 meters of drilling, with results to be included in a new mineral reserve estimate for the feasibility study due in Q2 2026. The Bankable Feasibility Study aims to update the economic study, highlighting a project NPV8% of US$1.6 billion based on high-purity DRI-grade Iron concentrate products.
Key operating information for 2024-2025 shows ore mined, waste mined, head grades, recovery rates, throughput, gold ounces produced, and more for both heap leach and high-grade CIL operations. Consolidated gold production figures are also provided, showing gold ounces produced and sold, along with average realized price per gold ounce sold.
Cerrado Gold announces appointments to its leadership team and engagement with Hybrid Financial Ltd. for strategic marketing and investor relations services. The company issued deferred share units and restricted share units to eligible participants. The scientific and technical information has been reviewed and approved by the Chief Technical Officer, Andrew Croal.
Cerrado Gold is a Toronto-based company with operations in Argentina, Portugal, and Canada. The company is focused on maximizing asset value in Argentina and developing the highly prospective Lagoa Salgada VMS project in Portugal. In Canada, Cerrado is developing the Mont Sorcier Iron project to produce high-purity, high-grade Direct Reduced Iron.
For more information about Cerrado Gold, visit their website. The company is committed to sustainable development goals and the decarbonization of the steel industry. CEO and Chairman Mark Brennan and Vice President of Investor Relations Mike McAllister can be contacted for further inquiries. Please note that the TSX Venture Exchange does not accept responsibility for the accuracy of this release. Cerrado Mining Company has released a press release containing forward-looking statements about its business and operations, including production forecasts and exploration plans. The company believes the expectations in these statements are reasonable but acknowledges risks and uncertainties that could impact actual results. Cerrado disclaims any obligation to update these statements.
Links to photos accompanying the press release are available for viewing.
Read more at GlobeNewswire: Cerrado Gold Announces Q3 2025 Production Results at Its