(Kitco News) - Cerrado Gold (TSX.V: CERT) announced today it produced 11,284 gold equivalent ounces in Q3 2022 at the Minera Don Nicolas mine (MDN) in Argentina, which is an increase of 7% over Q3 2021.
The company said that during Q3 2022 operations at MDN continued under normalized operations for the fourth consecutive quarter demonstrating the significant improvements that have been achieved at site, adding that management reiterates production guidance at 45,000 to 55,000 GEO for 2022.
Cerrado noted it continues to progress development of the Calandrias heap leach project with construction commencing in Q4 2022.
The heap leach operations will look to utilize lower grade material and increase annual production at the Minera Don Nicolas Mine by approximately 20,000- 25,000 ozs per annum, the company said.
"Concurrently, we continue to make rapid progress on completing the feasibility study at the Monte do Carmo project in Brazil. Once onstream, the combined production from both these projects puts Cerrado on track to be a mid-tier producer," it added.
In addition, during the quarter the company continued to pursue its exploration activities at numerous targets at MDN including the Paloma underground target.
Cerrado is a Toronto based gold production, development and exploration company focused on gold projects in the Americas. The company is the 100% owner of both the producing Minera Don Nicolás mine in Santa Cruz province, Argentina and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil.
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