Cerrado Gold Cuts Costs, Lifts EBITDA; BFS Delay in Focus

Cerrado Gold released its first-half update, showing lower all-in sustaining costs and higher EBITDA. The company held its full-year guidance steady.

The lower AISC reflects stronger performance at the Minera Don Nicolas mine in Argentina. Higher EBITDA points to improved margins from the cost reduction. The delay in the bankable feasibility study for the Monte Do Carmo project pushes back a key catalyst for the stock. Cash flow quality becomes a more important metric as the company funds operations and development.

Cerrado trades on the OTC market under CRDOF. The company said cash flow quality would be a key metric to watch.