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Cerrado Gold ( (TSE:CERT) ) just unveiled an announcement.
Cerrado Gold has completed its gold hedging program at the Minera Don Nicolás mine in Argentina as of January 15, 2026, removing a prior price ceiling of US$3,250/oz on a portion of its sales and allowing the company to sell all gold output at near-spot prices, subject to streaming adjustments. Management expects this shift to unhedged production to enhance profitability and free cash flow, reflecting the company’s improved balance sheet following key investments in underground mining at Minera Don Nicolás and advancement of the Lagoa Salgada and Mont Sorcier projects. In parallel, Cerrado has filed to launch a normal course issuer bid to repurchase and cancel up to 6,794,790 shares, about 5% of its outstanding stock, citing a substantial discount of the share price to asset value; the planned buyback, funded by excess liquidity from strong gold prices, is intended to be accretive to net asset value per share and increase remaining shareholders’ ownership while maintaining growth plans and a solid year-end cash position.
The most recent analyst rating on (TSE:CERT) stock is a Buy with a C$2.20 price target. To see the full list of analyst forecasts on Cerrado Gold stock, see the TSE:CERT Stock Forecast page.
More about Cerrado Gold
Cerrado Gold is a Toronto-based precious metals producer focused on gold production, development, and exploration. The company owns the producing Minera Don Nicolás and Las Calandrias mines in Argentina’s Santa Cruz province, holds an 80% interest in the polymetallic Lagoa Salgada VMS project on Portugal’s Iberian Pyrite Belt, and is advancing the 100%-owned Mont Sorcier iron project near Chibougamau, Quebec. Its portfolio targets both operating cash-flow-generating assets and exploration-stage projects with significant resource upside in gold and base metals.
YTD Price Performance: 12.12%
Average Trading Volume: 412,147
Technical Sentiment Signal: Buy
Current Market Cap: C$250.4M
For an in-depth examination of CERT stock, go to TipRanks’ Overview page.