CERRADO GOLD INC.

Cerrado Gold has completed a non‑brokered private placement with a company of Eric Sprott for gross proceeds of C$10 million. 4,000,000 units were issued at C$2.50 per unit; each unit consists of one common share and one-half of a warrant, exercisable within 24 months at C$3.35 per share. The transaction remains subject to final approval of the TSX Venture Exchange; all securities are subject to a four‑month plus one‑day hold period. Net proceeds are intended for working capital and general corporate purposes; the company also corrected the name of its investor relations service provider to Investor Events Inc. » More on de.investing.com

Cerrado Gold has completed a non-brokered private placement with Eric Sprott for C$10 million. The company issued 4,000,000 units at C$2.50 each; each unit comprises one common share and one-half warrant, and whole warrants are exercisable at C$3.35 within 24 months. Closing is expected on or about September 4, 2026, and is subject to approval of the TSX Venture Exchange; the securities are subject to a statutory hold period of four months and one day. Cerrado intends to use the net proceeds for working capital and general corporate purposes. » More on de.investing.com

Cerrado Gold reported a Q2 net profit of $9.2m (vs. $1.2m a year earlier) on revenues of $64.56m and EBITDA of $28.2m. Gold-equivalent production rose 35% to 15,415 ounces; the stock climbed 7% in after-hours trading to $2.44. Management maintains full-year guidance of 50,000–60,000 ounces, views the top end of the range as increasingly likely, but is targeting a sustainable AISC of about $1,800/oz. » More on de.investing.com