Cerrado Gold Inc ( (CRDOF) ) has released its Q3 earnings. Here is a breakdown of the information Cerrado Gold Inc presented to its investors.
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Cerrado Gold Inc. is a Toronto-based company engaged in gold production, development, and exploration, with operations in Argentina, Portugal, and Canada, focusing on gold and polymetallic projects.
In its third quarter of 2025, Cerrado Gold reported a production of 13,832 gold equivalent ounces, with significant progress in its exploration and development projects. The company maintained its full-year production guidance and announced an expansion of its exploration program.
Key financial highlights include an adjusted EBITDA of $11.8 million and a cash balance of $16.5 million. The company experienced a 21% increase in gold production compared to the previous quarter, driven by improvements in its heap leach operations. However, the net loss for the quarter was $12.2 million, primarily due to increased income tax expenses and other financial adjustments.
Looking ahead, Cerrado Gold plans to ramp up underground mining production and expand its exploration activities. The company aims to complete feasibility studies for its Lagoa Salgada and Mont Sorcier projects, with expectations of unlocking significant value in these assets.
Cerrado Gold’s management remains optimistic about the future, anticipating increased production rates and improved profitability as higher-grade materials are introduced into operations. The company is also focused on reducing costs and leveraging its exploration efforts to enhance shareholder value.