Cerrado Gold Inc (TSE:CERT) has released an update.
Cerrado Gold Inc. reports a production total of 11,024 Gold Equivalent Ounces at its Minera Don Nicolas Mine for Q1 2024, with significant improvements in March due to high-grade ore from Calandrias Norte. Despite initial production challenges, the company anticipates stronger performance and commercial production from the Calandrias Heap Leach project in Q2. The financial impacts of Argentina’s new fiscal policies and operational hurdles were acknowledged as factors affecting early 2024 output.
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