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Production / Operations Routine +

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

Cerrado Gold Q1 Output Beats Expectations Amid Regulatory Headwinds at Portugal Project

By The Northwire Desk — AI Analysis Apr 20, 2026 · 06:00 CERT · 1.76 Cerrado Gold Inc.
Executive Summary

Production Performance and Guidance Confirmation

  • Cerrado Gold reported Q1 2026 production of 12,842 gold-equivalent ounces (GEO), a 15% increase year-over-year compared to 11,163 GEO in Q1 2025.
  • The company maintained its full-year 2026 production guidance range of 50,000 to 60,000 GEO.
  • Heap Leach operations produced 8,787 GEO with a head grade of 0.85 g/t and recovery rate of 33%.
  • CIL plant operations contributed 4,055 GEO from 102 ktonnes milled at a higher head grade of 1.34 g/t with an 89% recovery rate.
  • Average realized price per gold ounce sold was reported at $4,418/oz for the quarter.
Material Impact

Confirmation of Operational Trajectory

  • The production increase validates the company's transition from open-pit to underground mining, confirming the narrative established in FY 2025 results where AISC dropped significantly to $1,391/oz in Q4 2025.
  • Maintaining guidance despite operational challenges (water issues) suggests management confidence in the mine plan and cost structure.
  • The realized gold price of $4,418/oz is exceptionally high compared to FY 2025 averages ($3,401/oz); if sustained, this significantly boosts free cash flow potential beyond previous models.
CERT · Price
Company Overview

Minera Don Nicolas (MDN) - Argentina

  • Status: Producing mine with active underground development.
  • Operations: Dual production front utilizing Heap Leach for bulk low-grade ore and CIL plant for high-grade underground ore.
  • Reserves/Resources: M&I 490 koz Au Eq; Inferred 121 koz Au Eq (per presentation).
  • Production Profile: Targeting steady-state ~55 koz Au Eq per year through 2028.
Read the original news release →

More from Cerrado Gold Inc.

Jun 17, 2026 · 06:00

Cerrado Gold Granted Injunction on Its Lagoa Salgada Project in Portugal

Regulatory Jun 01, 2026 · 06:00

Cerrado Gold systematically locks up regional concessions around Minera Don Nicolas, but near-term valuation rerating remains dependent on Lagoa Salgada permitting and underground ramp execution.

M&A / Property May 27, 2026 · 18:06

Cerrado Gold delivers record Q1 earnings and bolsters land position, but Lagoa Salgada permitting overhang and market caution keep shares range‑bound.

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Cerrado Gold Acquires Adjacent Argentine Assets for Negligible Cost to Extend Mine Life Amidst Production Growth

M&A / Property Apr 02, 2026 · 00:26

Operational Turnaround at MDN and Hedge Removal Offset Portuguese Permitting Crisis

Production / Operations Jan 28, 2026 · 06:00

Cerrado Files Notice to Implement Normal Course Issuer Bid

Other