Cerrado Gold Inc (FRA:BAI0)

Q3 2025 Cerrado Gold Inc Earnings Call Transcript

Dec 1, 2025 / 04:00 PM GMT

Release Date Price: €0.96 (-0.52%)

Transcript

Key Points

Positve

Cerrado Gold Inc (CRDOF) reported its best production quarter of 2025, with a 21% increase in gold equivalent ounces compared to the second quarter.
The company achieved a record heap leach production, marking a 33% increase against Q2 2025.
Adjusted EBITDA increased by 60% compared to Q3 2024 and Q2 2025, driven by higher revenue from increased ounces sold and higher realized gold prices.
Cerrado Gold Inc (CRDOF) ended the quarter with a strong cash balance of $16.5 million, with expectations for further growth as production levels increase.
The company is transitioning to underground mining at MDN in Argentina and has initiated a significant exploration program, indicating potential for future growth and extended mine life.

Negative

Cerrado Gold Inc (CRDOF) accrued a new tax liability of $12 million due to increased profitability at its Argentina operation, which will impact future cash flows.
All-in sustaining costs increased to $1,915 per ounce in Q3 2025, up from $1,678 in Q3 2024, primarily due to fewer ounces sold.
The company is targeting the higher end of its revised all-in sustaining cost guidance, indicating potential cost pressures.
There were delays in the underground exploration program, with issues in assay turnaround times and slower-than-expected progress.
The company faces potential foreign currency risks in Argentina, which could impact financial performance if not managed effectively.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CERT.V - Cerrado Gold Inc
Q3 2025 Cerrado Gold Inc Earnings Call
Dec 01, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day.

Thank you for standing by. Welcome tore the Fold 3rd quarter Financial and production results conference call. At this time, all participants are on the list and only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. Please note that today's conference is being recorded. I will now hand the conference over to your speaker host, Mike McAllister, VP of Investigations. Please go ahead.

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Unidentified_2 [2]
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