A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- South America-focused gold miner Cerrado Gold today reported that the company produced 12,453 gold equivalent ounces in Q2 2023, up 7% from Q2 2022, due to higher gold head grades.
The company achieved all-in sustaining costs of $1,318 per ounce during Q2 2023, an improvement of 6% compared to Q2 2022 , primarily due to lower consumables and material costs. The company also reported net loss of $0.4 million in Q2 2023, as compared to a $1.5 million net loss in Q2 2022, a difference of $1.1 million.
Importantly, the company said that during Q2 2023, work on the engineering and construction of the Las Calandrias heap leach project was completed and placement of ore on to the pad commenced in April 2023. The first gold production was achieved in July 2023.
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