Cerrado Gold Completes Final Payment for Minera Don Nicolas Acquisition
On April 1, 2025, Cerrado Gold Inc. announced that it had paid the final US$5 million instalment of the purchase price to the vendors of the Minera Don Nicolas (MDN) gold mine in Argentina. This marks the completion of the acquisition of MDN, which was first announced on March 17, 2020.
Background of the Acquisition
The purchase price for the acquisition of MDN totalled US$47 million. This price was paid in instalments, with the initial payment of US$10 million made upon signing of the agreement. The final instalment of US$5 million was paid in April 2025.
Production at Minera Don Nicolas
Since the acquisition of MDN in 2020, the mine has produced over 200,000 Gold Equivalent Ounces (GEOs). This production is a significant contributor to Cerrado’s overall gold output.
Impact on Cerrado Gold
The completion of the MDN acquisition is a significant milestone for Cerrado Gold. The mine has been a key driver of the company’s growth, and the completion of the acquisition secures Cerrado’s position as a leading gold producer. The additional production from MDN is expected to boost the company’s revenue and profitability.
- Increased gold production: With over 200,000 GEOs produced since the acquisition, MDN has been a significant contributor to Cerrado’s gold output.
- Secured growth: The completion of the acquisition secures Cerrado’s position as a leading gold producer.
- Boost to revenue and profitability: The additional production from MDN is expected to boost the company’s revenue and profitability.
Impact on the World
The completion of the MDN acquisition is not only significant for Cerrado Gold, but also for the global gold market. With over 200,000 GEOs produced since the acquisition, MDN is a significant contributor to the global gold supply.
- Increased global gold supply: With over 200,000 GEOs produced since the acquisition, MDN is a significant contributor to the global gold supply.
- Stability in the gold market: The completion of the acquisition adds stability to the gold market, as it secures a consistent source of gold production.
Conclusion
The completion of the US$5 million final instalment payment for the acquisition of Minera Don Nicolas marks a significant milestone for Cerrado Gold. The mine has been a key driver of the company’s growth, and the completion of the acquisition secures Cerrado’s position as a leading gold producer. The additional production from MDN is expected to boost the company’s revenue and profitability. Furthermore, the mine’s significant contribution to the global gold supply adds stability to the gold market.
