Cerrado reports strong gold production in Argentina in Q2 2021
(Kitco News) - Today, Cerrado Gold (TSX.V: CERT) announced that its Q2 2021 and year to date gold production from the Minera Don Nicolás mine in Santa Cruz Province, Argentina, was well ahead of plan.
The company’s gold production reported at 9,607 ounces for Q2 2021, a 28% improvement over Q1 2021 production of 7,485 gold ounces. Gold production exceeded managements budget by 10% for Q2 2021 and YTD production exceeds budget by 8%, the company said.
According to a press-release, the strong operational performance is the result of continuous improvement by the onsite team. The mining team has exceeded ore production and gold grade targets consistently year to date. Operational improvements around the processing plant have ensured an increase of approximately 20% on mill design throughput capacity on a sustained basis, the company added.
The company said that since Cerrado acquired Minera Don Nicolás, gold production has seen a steady month over month increase which has continued in the quarter, highlighted by 3,385 ounces produced in June 2021, a 7% improvement over March 2021 the previous best since Cerrado has taken ownership.
The company’s management continues to target to exit the year at a production run rate of approximately 55,000 ounces per annum.
Cerrado Gold is a public gold producer and exploration company with gold production derived from its 100% owned Minera Don Nicolás mine in Santa Cruz province, Argentina. It also owns 100% of the assets of Minera Mariana in Santa Cruz province, Argentina. The company is also undertaking exploration at its 100% owned Monte Do Carmo project located in Tocantins, Brazil.