(Kitco News) - Cerrado Gold (TSX.V: CERT) today announced full year 2022 production of 53,672 gold equivalent ounces (GEO), up 23% compared to 43,559 GEO produced in 2021 and at the top end of guidance range of 45-55,000 GEO.
The company said that in 2023, production is expected to be between 60,000 – 70,000 GEO at all-in sustaining costs of US$1,100-1,300 per ounce.
Importantly, Cerrado said that the Las Calandrias heap leach project is on-track for first gold pour late Q2 2023.
CEO and Co-Chairman Mark Brennan commented, "While we are in production with operations that have now been normalized, MDN remains a Discovery asset and is still in its start-up phase. Management's objective over the last year has been focused on driving production but also on building MDN's life of mine strategic plan that will incorporate the same opportunities seen at the neighboring operations of Anglo, Yamana and Newmont."
He continued, "We are making significant headway with our heap leach and underground development and during 2023 we will continue to be focused on growth initiatives, both production and exploration based, to more fully define the world class potential we see in this asset."
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 Monte Do Carmo development project, located in Tocantins State, Brazil.
|
| Wesdome produces 111 koz of gold in 'challenging' 2022, says production missed at both assets |
