Cerrado Gold Inc. (CERT:TSXV)

  • CERT has three multi-jurisdictional assets, one of which is an operating gold mine in Argentina with strong cash flow and expanding production.

  • Substantial growth is supported by a low-cost VMS project in Portugal, and a world-class iron ore project in Quebec, both steadily advancing.

  • Growth can be achieved with minimal shareholder dilution with visibility on low-cost project financing for majority of capex.

  • The valuation disconnect is clear, as CERT receives no value for its development pipeline.

Investment Summary

Company Description

Cerrado Gold is a Toronto-based gold production, development, and exploration company. The Company is the 100% owner of the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the Company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamau, Quebec.

Research

Cerrado Gold:
Research Note
August 19, 2026

Cerrado Gold:
Initiation Report
July 23, 2026