Cerrado pours first gold at its Las Calandrias project in Argentina
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The company said that mining and stacking operations are at planned capacity, and gold production is expected to steadily increase as the retention period for the stacked ore is reached, allowing the project to reach design capacity during the third quarter of this year.
Cerrado also reported it is in the final stages of completing its feasibility study for Serra Alta deposit at the Monte Do Carmo (MDC) project in Tocantins, Brazil, adding that together with its consultants, the project team are conducting final optimizations, design trade offs and sequencing of the mine plan.
CEO and Chairman Mark Brennan commented, “We are extremely pleased to see the first gold poured from the Las Calandrias project and this is a testament to the hard work and dedication of the operations team. In addition, this represents a significant milestone for Cerrado as we continue to deliver on our production growth strategy in Argentina.
“In Brazil, as we near the completion of the study phase, we continue to be confident that the MDC project will be a very robust project which should position Cerrado for a period of rapid growth.”
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the prospective Monte Do Carmo development project, located in Tocantins State, Brazil.
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