Cerrado Buys Idled Argentina Mine for $20M, Eyes Restart
7 Articles
7 Articles
Cerrado Gold Acquires the Past-Producing Manantial Espejo Mine in Santa Cruz, Argentina, from Pan American Silver
Mine produced 110,000 to 137,500 Gold Equivalent Ounces ('GEOs”) between 2009 and 2016 annually and produced 52,000-88,000 GEOs between 2017 and 2022 annually.Mining and processing activities concluded at the end of 2022, after the operation produced 68,000 GEOs in 2022, with mineralized material remaining in place.Highlights:Cerrado acquires 100% of the issued and outstanding shares of Minera Tritón Argentina S.A. ('MTA”), from Pan American Sil…
The Canadian company Cerrado Gold, through its subsidiary Minera Don Nicolás, took control of the assets of Minera Triton. The project contemplates immediate infrastructure works, drainage and a strong exploration campaign to restore its productive capacity.
Cerrado Gold Inc. (TSXV:CERT) - US$20M Acquisition Adds Second Processing Hub in Santa Cruz - Research Portal
Cerrado (CERT) has acquired 100% of the past-producing Manantial Espejo mine (MTA) in Santa Cruz, Argentina, from Pan American Silver (TSX:PAAS, Not Rated) for total consideration of US$20M (US$10M upfront, two US$5M deferred payments and a 1% NSR). The mine produced ~1.4M GEO between 2009-2022, peaking at ~137.5K GEO in 2011, and has established processing infrastructure with 2,500 tpd mill capacity. Management believes, based on its due dilige…
The operation opens a new stage for one of the historic mining projects of the province. There is already a work plan that contemplates recovering facilities, carrying out new explorations and moving towards a possible return to production
Cerrado Gold Buys Pan American’s Idled Manantial Espejo Mine for US$20 Million
Cerrado Gold (TSXV: CERT) has picked up Pan American Silver’s idled Manantial Espejo mine in Argentina’s Santa Cruz province for US$20 million in cash, adding a second processing plant to its provincial footprint without issuing a single share. Cerrado’s subsidiary Minera Don Nicolás paid US$10 million at closing for Minera Triton Argentina, owner of the […] The post Cerrado Gold Buys Pan American’s Idled Manantial Espejo Mine for US$20 Million …
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