Closing cash payments of US$30 million and an additional US$15 million future payments due to Cerrado Company well-positioned to drive future growth via its operating Minera Don Nicolas gold mine in Argentina and its Mont Sorcier iron ore project in Quebec
Cerrado Gold Inc. announces that Amarillo Mineração do Brasil Ltda. a wholly-owned subsidiary of
Hochschild Mining plc , has provided notice of exercise of its option , pursuant to an option agreement entered into on March 5, 2024 , to purchase a 100% interest in the Company's Monte Do Carmo project located in the State of Tocantins, Brazil , for total consideration of US$60 million , subject to the achievement of certain milestones. Of the total US$60 million, US$15 million was previously received in connectio...