Q2 2026 Cerrado Gold Inc Earnings Call Transcript
Key Points
- Q2 2026 production increased 35% year-over-year to 15,415 gold equivalent ounces, with CIL output up 52%.
- Near-record EBITDA of $28.2 million and net income of $9.2 million, driven by higher gold prices and an unhedged position.
- Strong cash position of $25.3 million, expected to improve further with sustained gold prices and cost-cutting initiatives.
- Full-year production likely to hit the upper end of the 50,000-60,000 ounce guidance range.
- Exploration programs (50,000m surface, 20,000m underground) and the Falcon acquisition are expected to extend mine life and boost production, with an updated PEA due in Q1 2027.
- All-in sustaining costs rose to $1,933/oz in Q2 2026 from $1,799/oz in Q2 2025, due to labor and fuel inflation in Argentina.
- Gold recovery rates at heap leach operations remain lower than expected due to ore mix from mine sequencing.
- Underground development focus reduced ore available for processing, temporarily impacting production.
- Permitting uncertainty at the Lagoa Salgada project in Portugal has delayed the optimized feasibility study.
- The Montsorcier iron ore project's bankable feasibility study has been delayed to H1 2027, with ongoing inflationary pressures and permitting risks.
Thank you for standing by.
This is the conference operator. Welcome to the Serrato Gold Second Quarter 2026 Financial and Operational Results Webcast and Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. To join the question queue, you may press *11 on your telephone and you will hear an automated message letting you know that your line is.
There. If you're on the webcast, you can enter your questions in the window, and management will address the questions in the Q&A portion of the call.
I would now like to turn the conference over to Mike McAllister, Vice President, Investor Relations. Sir, please go ahead.
Thank you, operator.
Good morning, everyone.
Turning to page 2 of the presentation, I'd like to note that today's call may contain forward-looking information that is based on the company's current
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
