CerradoGold Cerrado Gold's net loss widens in third quarter on lower gold price and higher costs
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The company said that during Q3 2022 operations at MDN continued under normalized operations for the fourth consecutive quarter demonstrating the significant improvements that have been achieved at site, adding that management reiterates production guidance at 45,000 to 55,000 GEO for 2022. The company's adjusted EBITDA was $0.7 million in Q3 2022 which is a $2.3 million reduction quarter on quarter due to the lower production and a lower gold sales price over the period. Adjusted EBITDA decreased by $1.9 million as compared to the $2.6 million adjusted EBITDA recorded in Q3 2021.
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