Cerrado Gold Inc (CERT) Financings
TSXV: CERT · Gold, Iron · Production stage
- Market cap$321.3M
- Share price$2.25
- 52-week range$1.28 – $2.83
- Shares outstanding142,778,047
- ExchangeTSXV
- Websitecerradogold.com
Cerrado Gold is a Toronto-based gold production, development, and exploration company. The Company is the 100% owner of the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the Company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamau, Quebec. In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Massif. In Portugal, Cerrado is focused on the development and exploration of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver and gold. Extensive exploration upside potential lies both near the deposit and at prospective step-out targets across the large 7,209-hectare property concession. Located just 80km from Lisbon and surrounded by existing infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its mineable scale and cash flow generation potential. In Canada, Cerrado is developing its 100% owned Mont Sorcier high-purity, high-grade, Direct Reduced Iron project, located on the traditional Cree territory of Eeyou Istchee James Bay in the municipality of Chibougamau. The Mont Sorcier high-purity, high-grade DRI Iron project has the potential to produce a premium iron concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high-grade and high-purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of sustainable development goals.
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Cerrado Gold Inc financial statements
Key figures read from 33 of 33 financial statement filings, Nov 29, 2018 to Aug 18, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$22,883 | US$26,032 | US$412 | US$5,921 | US$1,726 |
| Short-term investments | US$0 | US$571 | US$240 | US$704 | US$29 |
| Total current assets | US$160,967 | US$117,564 | US$171,364 | US$95,951 | US$63,796 |
| Total current liabilities | US$197,640 | US$130,505 | US$146,754 | US$78,333 | US$59,560 |
| Working capital | (US$36,673) | (US$12,941) | US$24,610 | US$17,618 | US$4,236 |
| Exploration and evaluation assets | US$94,375 | US$38,077 | US$83,981 | US$44,861 | US$26,692 |
| Property, plant and equipment | US$86,499 | US$66,358 | US$80,767 | US$38,158 | US$31,685 |
| Total assets | US$347,601 | US$241,074 | US$250,724 | US$162,646 | US$109,813 |
| Debt | US$24,277 | US$12,493 | US$8,222 | US$18,360 | — |
| Total liabilities | US$295,889 | US$189,572 | US$225,940 | US$149,292 | US$94,691 |
| Shareholders' equity | US$51,712 | US$51,502 | US$24,784 | US$13,354 | US$15,122 |
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$147,085 | US$116,169 | US$100,101 | US$90,360 | US$70,051 |
| Cost of sales | US$84,890 | US$82,063 | US$66,777 | US$53,070 | US$43,234 |
| General and administrative | US$12,507 | US$10,836 | US$12,974 | US$8,445 | US$9,492 |
| Net income (loss) | (US$20,398) | US$534 | (US$6,753) | (US$5,908) | (US$6,299) |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$56,181 | US$10,722 | US$38,688 | US$15,198 | US$6,618 |
| Investing cash flow | (US$34,307) | US$22,583 | (US$63,333) | (US$36,109) | (US$21,156) |
| Financing cash flow | (US$24,580) | (US$7,668) | US$19,391 | US$25,290 | US$9,701 |
| Exploration spending (capitalized) | (US$15,244) | (US$3,681) | (US$15,649) | (US$14,974) | (US$11,309) |
| Property, plant and equipment spending | (US$19,734) | (US$6,609) | (US$39,504) | (US$11,211) | (US$2,996) |
| Proceeds from share issues | — | — | — | US$0 | US$10,753 |
| Change in cash | (US$3,149) | US$25,620 | (US$5,509) | US$4,195 | (US$4,912) |
| Cash at end of period | US$22,883 | US$26,032 | US$412 | US$5,921 | US$1,726 |
Cerrado Gold Inc financings
3 financings announced or closed by Cerrado Gold Inc, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-09-03 | Cerrado Gold Inc (CERT) | Private placement, non-brokered | Closed, 1 tranche | $10.0M | $2.50 | Cerrado Gold Closes $10 Million Strategic Private Placement with Eric Sprott |
| 2024-03-05 | Cerrado Gold Inc (CERT) | Debt | Announced | $1.0M | — | Cerrado Gold Signs Option and Loan Agreements With Subsidiary of Hochschild Mining PLC for the Sale of the Monte Do Carmo Gold Project for Total Consideration of US$60 Million (C$80 Million) |
| 2023-09-05 | Cerrado Gold Inc (CERT) | Private placement | Closed, 1 tranche | US$175.0M | — | Cerrado Gold Enters Tender Phase for Mandated Lead Arranger for Its Export Credit Agency Supported Project Financing at Its Monte do Carmo and Mont Soricer Projects |
Cerrado Gold Inc debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Cerrado Gold Inc has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2024-06-26 | Loan, drawdown | — | US$7M | matures 2024-09-30 |
| 2024-05-06 | Loan, drawdown | SUBSIDIARY OF HOCHSCHILD MINING PLC | US$1M | 10%, matures 2024-09-30 |
| 2022-12-06 | Loan, closed / funded | — | US$4M | 4.5%, matures 2023-01-25 |
| 2022-11-17 | Loan, closed / funded | FCI Zofingen Dollar Linked | US$2M | 5% |