Cerrado Gold (OTCPK:CRDO.F) 2025 Conference Transcript

Summary of Cerrado Gold Incorporated Q3 Investor Summit Company Overview - Cerrado Gold Incorporated is a gold producing company with a current production of approximately 55,000 ounces of gold annually from the Minera Don Nicolás mine in Santa Cruz, Argentina [2][4] - The company anticipates generating $50 million per year in cash flow at a gold price of $2,100 [2] Key Development Projects - Lagoa Salgada VMS Project in Portugal: - An updated feasibility study is expected to be completed in Q4 2024 with a construction decision anticipated in early 2026 [3][9] - The project is projected to generate $75 million in free cash flow based on historical feasibility study metrics [10] - Mont Sorcier Project in Quebec: - A high-grade iron mine with an initial NPV of $1.6 billion [5] - The feasibility study is expected to be completed by Q1/Q2 2026, with initial production targeted for 2030 [10][26] Financial Position - The company has $15 million in cash as of June 2024, bolstered by asset sales and expected cash flow growth due to rising gold prices [4][8] - The company aims to minimize shareholder dilution by using cash generation from existing assets to fund new developments [8] Production and Cost Structure - The company expects to maintain a steady production profile of 55,000 to 60,000 ounces per year for the next several years [4][14] - All-in sustaining costs are projected to decline as production ramps up, with costs expected to remain in the range of $1,500 to $1,700 per ounce [14][29] Exploration and Resource Growth - An exploration program has commenced to grow mineral resources and extend the mine life of Minera Don Nicolás from three years to five to six years [9][11] - The company has a 330,000 hectares land package in the Deseado Massif, which is a prolific gold belt in Argentina [10][11] Market Position and Valuation - The company believes it has significant room for value accretion, with potential NPVs of $1.8 billion by 2030 when considering all assets [6][8] - The current market valuation is perceived to be lower than comparable companies producing similar amounts of gold [13] Environmental and Regulatory Considerations - The permitting process for Lagoa Salgada is ongoing, with local support noted for the project [28] - The company does not anticipate issues with permitting in Portugal and expects to submit final environmental permits by the end of 2024 [21][28] Conclusion - Cerrado Gold is focused on unlocking the value of its assets through steady production, exploration, and development of its key projects, while maintaining a strong financial position to support growth initiatives [31]