Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 200 Bay St., Suite 3205 TORONTO ON M5J 2T6 |
Tel: | N/A |
Website: | https://www.cerradogold.com |
IR: | See website |
Key People | ||
Mark Peter Brennan Chairman of the Board, Chief Executive Officer | Jennifer Ta Chief Financial Officer, Corporate Secretary | Clinton Swemmer Chief Technical Officer |
Business Overview |
Cerrado Gold Inc. is a Canada-based gold production, development, and exploration company focused on gold projects in South America. It is an owner of both the producing Minera Don Nicolas and Las Calandrias mine in Santa Cruz province, Argentina, and the Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing its owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec. The Minera Don Nicholas property is located in the mineral rich Deseado Massif in the province of Santa Cruz, totaling 333,340 ha's of concessions. The property operates mining from two separate open pit areas, La Paloma and Martinetas. The Monte Do Carmo project is located in state of Tocatins, with claims totaling 82,541 ha of concessions. The Mont Sorcier Iron ore property hosts a large Iron resource with extractable Vanadium in a mining jurisdiction. The Property is located 18 km outside of Chibougamau, Quebec by road Mont Sorcier. |
Financial Overview |
For the nine months ended 30 September 2023, Cerrado Gold Inc revenues increased 7% to $70.2M. Net loss increased 74% to $8.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects GENERAL AND ADMINISTRATIVE EXPENSES increase of 37% to $9M (expense), Remeasurement of secured note and stream increase from $647K to $2.3M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $41.31M as of Sep 30, 2023 |
Annual revenue (TTM): | $130.20M as of Sep 30, 2023 |
EBITDA (TTM): | $23.52M as of Sep 30, 2023 |
Net annual income (TTM): | -$12.90M as of Sep 30, 2023 |
Free cash flow (TTM): | -$15.72M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | $31.01M as of Sep 30, 2023 |
Shares outstanding: | 99,459,095 as of Feb 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |