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The latest announcement is out from Cerrado Gold ( (TSE:CERT) ).
Cerrado Gold has commenced underground operations at its Minera Don Nicolás Mine in Argentina, marking a significant milestone in its production capabilities. The initial blast for the underground portal has been completed, with production expected to ramp up by October 2025. Additionally, the company has started a 20,000-meter exploration drill program to expand resources and provide feed to its carbon in leach plant. This development enhances Cerrado’s ability to produce from multiple sources, including open pit, heap leach, and underground operations, strengthening its position in the gold mining industry.
More about Cerrado Gold
Cerrado Gold is a Toronto-based gold production, development, and exploration company. It owns the Minera Don Nicolás and Las Calandrias mines in Argentina, holds an 80% interest in the Lagoa Salgada VMS project in Portugal, and is developing the Mont Sorcier Iron project in Canada. The company focuses on maximizing asset value, expanding production, and exploring potential resources across its operations.
Average Trading Volume: 339,218
Technical Sentiment Signal: Buy
Current Market Cap: C$96.17M
Learn more about CERT stock on TipRanks’ Stock Analysis page.