Cerrado Gold Inc ( (CRDOF) ) has released its Q2 earnings. Here is a breakdown of the information Cerrado Gold Inc presented to its investors.
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Cerrado Gold Inc. is a mining company focused on gold and silver production in Argentina, with additional interests in iron, vanadium, and high-grade polymetallic projects in Canada and Portugal. In its latest earnings report, Cerrado Gold Inc. highlighted a decrease in cash and cash equivalents from $26 million at the end of 2024 to $5.7 million as of June 30, 2025, alongside a working capital deficiency of $24.5 million. The company’s revenue from metal sales for the first half of 2025 was $58.4 million, a slight increase from $55.1 million in the same period of 2024. However, the company reported a net loss of $2.9 million for the first half of 2025 compared to a loss of $6.2 million in the first half of 2024. Cerrado Gold Inc. also completed the acquisition of Ascendant Resources Inc., gaining an 80% interest in the Lagoa Salgada Project in Portugal. Looking forward, Cerrado Gold Inc. aims to maintain profitable operations and secure additional financing to support its growth and operational needs, while navigating uncertainties related to production targets, metal prices, and operational costs.