Cerrado Gold (TSE:CERT) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Cerrado Gold has received notice from Hochschild’s subsidiary to exercise an option to acquire the Monte Do Carmo Gold Project for a total of $60 million. This transaction will enable Cerrado to focus on expanding its Minera Don Nicolas gold mine in Argentina and developing its Mont Sorcier iron ore project in Quebec. The sale proceeds are expected to bolster the company’s growth strategy and enhance shareholder value.
For further insights into TSE:CERT stock, check out TipRanks’ Stock Analysis page.