Cerrado Gold Inc. Reports Solid Financial Performance for 2024

Toronto, Canada — Cerrado Gold Inc., a prominent player in the precious metals mining and exploration sector, has recently announced its financial results for the fourth quarter and the full year of 2024. The company, listed on the TSX Venture Exchange, has demonstrated resilience and strategic acumen in a challenging market environment.

For the full year 2024, Cerrado Gold achieved an annual production of 54,494 Gold Equivalent Ounces (GEO), aligning perfectly with its guidance. This achievement underscores the company’s operational efficiency and its ability to meet production targets despite market fluctuations. The production figures are a testament to the company’s robust exploration and mining capabilities across its operations in North and South America.

Financially, Cerrado Gold reported an Adjusted EBITDA of $4.5 million for the fourth quarter and $24.4 million for the full year, excluding project sales proceeds from the sale of Monte Do Carmo. These figures reflect the company’s strong operational performance and its ability to generate significant earnings before interest, taxes, depreciation, and amortization, even in a volatile market.

A key highlight of the financial year was the successful asset sale and option payment proceeds. In the fourth quarter alone, Cerrado Gold received $34 million, contributing to a total of $49 million for the full year. Additionally, the company is set to receive up to $25 million in the coming years, with $15 million guaranteed. This influx of capital is expected to bolster the company’s balance sheet and provide further financial flexibility.

The company’s market capitalization stands at CAD 74.7 million, with a close price of 0.66 CAD as of April 30, 2025. Over the past year, the stock has seen a high of 0.74 CAD on April 22, 2025, and a low of 0.15 CAD on August 15, 2024. These figures reflect the market’s response to the company’s strategic initiatives and financial performance.

Looking ahead, Cerrado Gold is poised to continue its growth trajectory. The company’s participation in the upcoming Metals & Mining Virtual Investor Conference, scheduled for May 6-8, 2025, will provide an opportunity for executives to share their vision and answer questions from investors. This event is expected to further enhance investor confidence and provide insights into the company’s future plans.

In summary, Cerrado Gold Inc. has demonstrated strong financial performance and strategic foresight in 2024. With solid production figures, robust financial metrics, and strategic asset sales, the company is well-positioned to navigate the challenges and opportunities in the precious metals sector. Investors and stakeholders can look forward to continued growth and value creation in the coming years.