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Cerrado Gold ( (TSE:CERT) ) has shared an update.
Cerrado Gold has received a prepayment of US$8.75 million from Hochschild Mining, strengthening its balance sheet and supporting its growth initiatives. This payment allows Cerrado to accelerate exploration and development projects across its operations in Argentina, Portugal, and Canada, positioning the company for further growth and value creation for shareholders.
The most recent analyst rating on (TSE:CERT) stock is a Buy with a C$1.60 price target. To see the full list of analyst forecasts on Cerrado Gold stock, see the TSE:CERT Stock Forecast page.
More about Cerrado Gold
Cerrado Gold is a Toronto-based company involved in gold production, development, and exploration. 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.
Average Trading Volume: 441,287
Technical Sentiment Signal: Buy
Current Market Cap: C$121.4M
See more insights into CERT stock on TipRanks’ Stock Analysis page.