Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
An announcement from Cerrado Gold ( (TSE:CERT) ) is now available.
Cerrado Gold reported its financial results for Q4 and the full year 2024, with an annual production of 54,494 gold equivalent ounces, aligning with their guidance. The company strengthened its balance sheet significantly, with a $54.5 million improvement in working capital and increased cash reserves. Despite inflationary pressures and lower production levels, Cerrado is optimistic about future cost reductions and production increases as they transition to heap leach operations and prepare for underground mining. The company is strategically positioned to enhance exploration efforts and develop its projects, anticipating a transformative year in 2025.
More about Cerrado Gold
Cerrado Gold Inc. operates in the mining industry, focusing on gold and iron projects. The company is involved in the Minera Don Nicolas gold project in Argentina and the Mont Sorcier High Purity DRI Iron Project in Quebec.
YTD Price Performance: 85.00%
Average Trading Volume: 167,009
Technical Sentiment Signal: Sell
Current Market Cap: $50.74M
For detailed information about CERT stock, go to TipRanks’ Stock Analysis page.