Cerrado Gold (TSE:CERT) has released an update.
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Cerrado Gold has entered an option agreement with AngloGold Ashanti’s subsidiary to potentially sell its Michelle Exploration Properties for $14 million. The deal involves an initial $4 million payment and positions Cerrado to improve its balance sheet and focus on its core projects, including the Minera Don Nicolas gold mine and Mont Sorcier iron ore project. This strategic move is expected to enhance Cerrado’s growth prospects.
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