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Cerrado Gold Announces Q1 2026 Production Results at Its Minera Don Nicolas Mine in Argentina

  • Cerrado Gold Inc. reported Q1 2026 production of 12,842 gold equivalent ounces (GEO) from the Minera Don Nicolas Mine in Argentina, up from 11,163 GEO in Q1 2025.
  • The company maintained its 2026 production guidance of 50,000 to 60,000 GEO.
  • Heap leach operations produced 8,787 GEO while the CIL plant contributed 4,055 GEO.
  • Underground development ramped up with record development meters to support increased production & higher head grades expected in Q2 & Q3 2026.
  • Water availability improved during the quarter, mitigating previous irrigation issues that limited heap leach output.
  • Four drill rigs are currently operating at MDN to accelerate the exploration program & resource growth.
  • Development continues at the Lagoa Salgada project in Portugal & the Mont Sorcier project in Canada, with a feasibility study for Mont Sorcier targeted for completion in late Q2 2026.
  • Average realized gold prices increased due to hedge close-outs in January 2026, reaching $4,418 per ounce sold in Q1 2026.
  • Exploration is advancing on the Sulfuro & Baritina veins, with plans to shift focus to the Calandrias heap leach & Martinetas plant areas in the second half of 2026.
  • Internal laboratory certification to address assay turnaround delays is expected to be completed in Q3 2026.