Cerrado Gold Reports Q3 Operating Results
Cerrado Gold Reports Q3 Operating Results
- Q3 Production of 10,082Gold Equivalent Ounces("GEO")
- Q3 results impacted by severe weather conditions
- Operations back on track in October and November with shipments of approximately 5,600 and 5,470 GEO, respectively
- Minera Don Nicolas ("MDN") Expansion Capital Expenditure program now largely complete
- 第三季度黃金當量盎司(“GEO”)的產量爲10,082盎司
- 第三季度業績受惡劣天氣條件的影響
- 10 月和 11 月的運營重回正軌,出貨量分別約爲 5,600 GEO 和 5,470 GEO
- Minera Don Nicolas(“MDN”)擴張資本支出計劃現已基本完成
(All numbers reported in US dollars)
(所有數字均以美元報告)
TORONTO, ON / ACCESSWIRE / November 29, 2023 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") announces the operational and financial results for the third quarter 2023 ("Q3/23") at its Minera Don Nicolas ("MDN") gold project in Santa Cruz Province, Argentina and reports on its ongoing activities at the Monte Do Carmo gold project ("MDC") in Brazil. Production results at MDN were previously released on October 24, 2023. The Company's quarterly financial results are reported and available on SEDAR as well as on the Company's website ().
安大略省多倫多/ACCESSWIRE/2023年11月29日/Cerrado Gold Inc.(多倫多證券交易所:CERT)(OTCQX: CRDOF)(“塞拉多” 或 “公司”)公佈了其位於阿根廷聖克魯斯省的唐尼古拉斯礦業(“MDN”)2023年第三季度(“Q3/23”)的運營和財務業績,並報告了其在該省的持續活動巴西的蒙特多卡爾莫黃金項目(“MDC”)。MDN 的生產業績此前已於 2023 年 10 月 24 日公佈。公司的季度財務業績已在SEDAR和公司網站上公佈()。
Q3 2023 MineraDon Nicolas ("MDN")Financial Highlights:
2023 年第三季度 MineRadon Nicolas(“MDN”)財務亮點:
- Gold production of 10,082 GEO in Q3/23, an 11% decrease year-on-year ("yoy").
- AISC of $1,703 per ounce duringQ3/23 due to difficult operating conditions seen in the quarter resulting in lower production rates.
- Operating performance has returned to normal in October and November, with sales of approximately 5,600 and 5,470 GEO, respectively.
- MDN capital program now largely complete, $34.3m invested in Expansion Capital year to date to develop heap leach facility (US$23.9m), pre-stripping of Calandrias Norte (US$5.0m) and exploration (US$5.4m).
- Expansion program largely funded via short term notes in Argentina to be rolled over to longer maturity.
- Production expected to ramp up into 2024, generating significant cash flows to rapidly reduce debt levels.
- Significant opportunity to see a reduction in operating costs and increased cashflow in US dollar terms going forward should depreciation in applicable exchange rate continue post-election.
- 33年第三季度的黃金產量爲10,082 GEO,同比(“同比”)下降11%。
- 由於本季度運營條件惡劣,產量降低,AISC在3季度爲每盎司1,703美元。
- 10月和11月的運營業績已恢復正常,銷量分別約爲5,600和5,470吉歐。
- MDN資本計劃現已基本完成,今年迄今已向擴張資本投資3,430萬美元,用於開發堆濾設施(2390萬美元)、北卡蘭德里亞斯預剝離(500萬美元)和勘探(540萬美元)。
- 擴張計劃主要通過阿根廷的短期票據提供資金,將延期至更長的到期日。
- 預計產量將增加到2024年,產生大量現金流,以迅速降低債務水平。
- 如果大選後適用匯率繼續貶值,那麼未來運營成本將降低並增加以美元計算的現金流的重大機會。
Mark Brennan, CEO and Chairman, stated: "While these results reflect very severe winter weather conditions resulting in lower production in Argentina, the team at MDN has rapidly enabled us to ramp up production while completing our capital projects and expansion plans from October. With our initial heap leach project operating and Calandrias Norte now in production, we now look to reap the benefits of these capital investment programs moving into 2024 through increased production and significant operating cashflow." He added "Post-election, we remain optimistic for a more accommodative fiscal regime providing for significant accretion to cashflow allowing us to restructure our debt and develop a healthy balance sheet at Cerrado."
首席執行官兼董事長馬克·布倫南表示: “儘管這些結果反映了非常惡劣的冬季天氣條件導致阿根廷的產量下降,但MDN的團隊使我們能夠迅速提高產量,同時從10月起完成資本項目和擴張計劃。隨着我們最初的堆濾項目投入運營,Calandrias Norte現已投入生產,我們現在希望通過增加產量和顯著的運營現金流,從這些資本投資計劃推遲到2024年中受益。” 他補充說 “大選後,我們對更寬鬆的財政制度仍然持樂觀態度,這將大幅增加現金流,使我們能夠重組債務並在塞拉多建立健康的資產負債表。”
MDN Outlook
MDN 展望
Going forward into Q4/2023 and 2024, Cerrado's MDN operations are now positioned to benefit from the completion of its recent expansionary capital expenditure program to grow production with its new heap leach operations, while sustaining high-grade CIL production. The Company has invested approximately US$23.9m to complete the Heap Leach facilities at Las Calandrias in 2023 and US$5.0m to pre-strip Calandrias Norte to access high-grade ore for the CIL plant. Exploration spending has totaled US$5.4m and will continue into 2024 as we continue to grow the life of mine at MDN.
展望到2023年第四季度及2024年第四季度,Cerrado的MDN業務現在有望從其最近的擴張性資本支出計劃的完成中受益,該計劃旨在通過新的堆濾業務提高產量,同時維持高水平的CIL產量。該公司已投資約2390萬美元,在2023年完成拉斯卡蘭德里亞斯的Heap Leach設施,並投資500萬美元對北卡蘭德里亞斯進行預處理,以便爲CIL工廠開採高品位礦石。隨着我們繼續延長MDN的礦山壽命,勘探支出總額爲540萬美元,並將持續到2024年。
Results in October and November are already demonstrating more normalized operations as a result of these investments, with shipments for the two months totaling approximately 11,070 GEOs. With operations returning to normal, the Company anticipates a significant improvement in cash generation, which should be significantly enhanced with an improved fiscal policy and a more normalized FX regime in Argentina supporting lower operating costs in US dollar terms. While the near-term cash generating profile continues to improve, the company is also actively working to term out the maturity of its current short term debt profile and roll a significant amount of these obligations as is customary in Argentina.
由於這些投資,10月和11月的業績已經表明,運營更加正常化,這兩個月的出貨量總計約爲11,070個 GEO。隨着運營恢復正常,該公司預計,現金產生將得到顯著改善,阿根廷財政政策的改善以及外匯制度更加正常化,從而降低以美元計算的運營成本,現金產生將得到顯著改善。在短期現金創造狀況持續改善的同時,該公司也在積極努力延長其當前短期債務狀況的到期日,並按照阿根廷的慣例展期償還大量此類債務。
Argentinian Currency Controls
阿根廷貨幣管制
Starting October 11 2023, by means of Joint Resolution No. 1/23 of the certain Ministries of the Argentinian Government, exporters of gold, silver and their concentrates were allowed to settle their exports at a preferential exchange rate resulting from settling 75% of such exports through the Local Exchange Market and the remaining 25% through blue chip transactions ("Mining Dollar"). The effect of the Mining Dollar allowed for an approximate 30% depreciation of local costs in dollar terms at MDN during the month of October. While there is an attractive Mining Dollar in place currently, there is no certainty that such preferential rates will continue. The Company is optimistic that the election of Javier Milei as President of Argentina, will result in positive changes to the fiscal regime in Argentina and a reduction in or eventual removal of currency controls, which could result in a significant improvement in company cashflows in the short to medium term.
自2023年10月11日起,根據阿根廷政府某些部委的第1/23號聯合決議,允許黃金、白銀及其精礦的出口商以優惠匯率結算出口,其餘25%的此類出口通過本地交易市場結算,其餘25%通過藍籌交易(“礦業美元”)結算。礦業美元的影響使MDN在10月份按美元計算的當地成本貶值了約30%。儘管目前有吸引力的礦業美元,但不確定這種優惠利率是否會持續下去。該公司樂觀地認爲,哈維爾·米萊當選爲阿根廷總統,將使阿根廷的財政制度發生積極變化,並減少或最終取消貨幣管制,這可能導致公司現金流在短期至中期內顯著改善。
Third Quarter 2023 Operational and Financial Performance
2023 年第三季度運營和財務業績
Q3/23 and Full Year Operational Highlights Minera Don Nicolas
23 年第 3 季度和全年運營亮點 Minera Don Nicolas
The Company produced 10,082 GEO ("Gold Equivalent Ounces") during the three months ended September 30, 2023, as compared to 11,284 GEO in the three months ended September 30, 2022. Production was 11% lower in the three months ended September 30, 2023, due to poor weather conditions; with flooding resulting in wet feed which then froze, impacting on throughput and lower than expected overall head grade values.
在截至2023年9月30日的三個月中,該公司生產了10,082 GEO(“黃金當量盎司”),而在截至2022年9月30日的三個月中,該公司的產量爲11,284盎司。在截至2023年9月30日的三個月中,由於惡劣的天氣條件,產量下降了11%;洪水導致溼飼料隨後凍結,影響了吞吐量,總體飼料等級值也低於預期。
The average quarterly gold head grade of 3.19 g/t recorded in the third quarter of 2023 represents a 28% decrease as compared to the average head grade of 4.40 g/t in the third quarter of 2022. Ore feed to the mill was impacted by poor operating conditions during the quarter, most notably extremely poor wet winter weather conditions followed by freezing temperatures, resulting in lower than planned mined ore production rates and lower than planned ore grades processed through the mill. Wet ore also reduced plant throughput. Gold recovery of 93% represents a 2% increase in recovery as compared to 91% recorded in the third quarter of 2022. Silver recovery of 65% was 2% lower than the silver recovery achieved in the third quarter of 2022.
2023年第三季度的平均季度黃金品位爲3.19克/噸,與2022年第三季度的平均頭部品位4.40克/噸相比下降了28%。該工廠的礦石原料在本季度受到惡劣運營條件的影響,最值得注意的是極其惡劣的冬季潮溼天氣條件,然後是寒冷的氣溫,導致開採的礦石產量低於計劃,磨機加工的礦石品位也低於計劃。溼礦石還降低了工廠的吞吐量。與2022年第三季度的91%相比,黃金的復甦率爲93%,增長了2%。白銀回收率爲65%,比2022年第三季度的白銀回升率低2%。
Stripping at Calandrias Norte commenced during the quarter with over 1.6MM tonnes of material moved. A further 2.7MM tonnes is to be stripped in October and November and fresh ore is set to feed the mill from December onwards. Results in Q4 are expected to show significant improvement and benefit from access and limited future stripping required for the Calandrias Norte material and the further ramp up of the heap leach operations. This new pit is planned to be the primary source of ore in 2024.
Calandrias Norte的剝離工作在本季度開始,運送了超過160萬噸的物料。10月和11月將再開採270萬噸,並將從12月起爲該工廠提供新鮮礦石。預計第四季度的業績將顯示出顯著改善,並受益於Calandrias Norte材料所需的准入和有限的未來剝離,以及堆濾業務的進一步增加。這個新礦區計劃在2024年成爲礦石的主要來源。
During Q3/2023, the team continued exploration efforts to advance several greenfield and brownfield targets with the aim of increasing mine life and expanding the overall resource endowment, while continuing to support the move to underground mining at Paloma.
在2023年第三季度,該團隊繼續進行勘探工作,推進多個綠地和棕地目標,目的是延長礦山壽命和擴大整體資源儲備,同時繼續支持帕洛瑪向地下采礦的轉移。
Las Calandrias Heap Leach Project
拉斯卡蘭德里亞斯的 Heap Leach Project
At the new Calandrias heap leach project, work continued as the operation remained in the commissioning phase during the quarter. Initial ramp up was impacted by freezing conditions reducing initial irrigation rates which has now been addressed. Finalization of the crushing plant has now been completed, which should also see more consistent feed to the pad and improve overall performance going forward. Approximately 538 ozs were produced in the quarter. Production is set to achieve nameplate production rates from January thereafter.
在新的Calandrias堆濾項目中,由於該季度的運營仍處於調試階段,因此工作仍在繼續。最初的增幅受到冰凍條件降低了初始灌溉率的影響,這個問題現已得到解決。破碎設備的定型工作現已完成,今後還應該可以更穩定地向墊片進料,並提高整體性能。本季度生產了大約 538 盎司。此後一月起,產量將達到銘牌產量。
Given weather production disruption in Q3/23 full production is now targeted for January 2024. The Calandrias Heap Leach is the first step in Cerrado's plans for growing production capacity at MDC. All Argentinian projects continue to be funded by operating cash flow and local debt facilities.
鑑於 2023 年第 3 季度天氣生產中斷,現在的目標是 2024 年 1 月全面生產。Calandrias Heap Leach是塞拉多計劃提高MDC產能的第一步。所有阿根廷項目繼續由運營現金流和地方債務融資機制提供資金。
Monte Do Carmo Project, Brazil
巴西蒙特多卡爾莫項目
During Q3/2023, the Company, together with its numerous advisors, completed the bankable feasibility study ("FS") announced on November 7, 2023 showing MDC to be an extremely high quality, low-cost robust economic project. A summary of the key highlights is presented below:
在2023年第三季度,公司及其衆多顧問完成了2023年11月7日宣佈的可銀行可行性研究(“FS”),表明MDC是一個質量極高、成本極高的強勁經濟項目。主要亮點摘要介紹如下:
Highlights
亮點
- After-Tax NPV of US$369 million and IRR of 32%
- Average annual gold production of 94,797 ounces per annum over 9 year Life of Mine ("LOM")
- Average AISC of US$711 per ounce over LOM
-
Initial Capex of US$186.6 million (including US$15.8 million contingency)
- 2:1 ratio of NPV over Initial Capex
- Annual average free cash flow of $85 million over the LOM, with total cumulative after-tax free cash flow of $562 million over LOM
- Initial Proven and Probable Reserves of 895 koz of Gold (16.8 Mt at 1.66 g/t Au)
- Updated Measured and Indicated Resources of 1,012 koz of Gold (18.4 Mt at 1.72 g/t Au) and Inferred Resources of 66 koz of Gold (1.1 Mt at 1.95 g/t Au)
- 稅後淨現值爲3.69億美元,內部收益率爲32%
- 在 9 年礦山壽命(“LOM”)中,年平均黃金產量爲94,797盎司
- 平均AISC爲每盎司711美元,高於LOM
- 初始資本支出爲1.866億美元(包括1,580萬美元的應急資金)
- 淨現值與初始資本支出的比率爲 2:1
- LOM上的年平均自由現金流爲8500萬美元,超過LOM的累計稅後自由現金流總額爲5.62億美元
- 初始探明和可能儲量爲895千盎司黃金(168萬噸,1.66克/噸金)
- 更新了1,012 koz 黃金(1.72 g/t Au 時爲 18.4 萬噸)和推斷資源 66 koz 黃金(1.95 g/t Au 時爲 1.95 克/噸黃金)的推斷資源
In addition, regional exploration continues on the greater project area aimed at growing the known resources and extending the potential mine life. During the quarter, the exploration focus has been on the Northern extension of the Serra Alta deposit, to the East of the south pit and to the north of Gogo, as well as on testing more greenfield targets such as Divisa and Bit-3 for ongoing development.
此外,繼續在更大的項目區域進行區域勘探,旨在增加已知資源和延長潛在的礦山壽命。在本季度,勘探重點是Serra Alta礦牀的北部延伸、南礦坑以東和Gogo以北,以及測試更多綠地目標,例如Divisa和Bit-3以進行持續開發。
The Preliminary License ("LP") was issued from the InstitutoNatureza do Tocantins("NATURATINS") on May 29, 2023 and the License of Installation/Construction ("LI")is expected to follow within 90 - 120 days of the LP issuance.
臨時許可證(“LP”)於2023年5月29日由託坎廷斯自然研究所(“NATURATINS”)頒發,安裝/施工許可證(“LI”)預計將在許可發行後的90-120天內頒發。
The Company also continues to pursue project funding from the UK Export Credit Agency("UKEF"), which is progressing well, and subject to successful due diligence and other review, is expected to be completed approximately during Q3 2024.
該公司還繼續向英國出口信貸局(“UKEF”)尋求項目融資,該項目進展順利,尚待成功進行盡職調查和其他審查,預計將在2024年第三季度左右完成。
Q3/2023 Financial Highlights
2023 年第三季度財務摘要
The Company generated revenue of $21.6 million for the three months ended September 30, 2023, from the sale of 11,374 GEO at an average realized price per gold ounce sold of $1,897 and price per silver ounce sold of$23.48. For the three months ended September 30, 2022, the Company generated revenue of $17.8 million from the sale of 10,788 GEO. Revenue from sales of gold and silver for the current period was higher than the three months ended September 30, 2022, due to the higher realized price in the current period.
在截至2023年9月30日的三個月中,該公司通過出售11,374 GEO創造了2160萬美元的收入,每售出黃金的平均已實現價格爲1,897美元,每售出每盎司白銀的價格爲23.48美元。在截至2022年9月30日的三個月中,該公司通過出售10,788 GEO創造了1,780萬美元的收入。由於本期已實現價格上漲,本期黃金和白銀銷售收入高於截至2022年9月30日的三個月。
Cash costs per ounce sold were $1,689 per ounce in the three months ended September 30, 2023, as compared to cash costs per ounce sold of $1,461 per ounce in the three months September 30, 2022, a 16% increase. The 16% increase is a result of higher consumables and material costs compared to the third quarter of 2022, due to lower tonnage milled and processed.
在截至2023年9月30日的三個月中,每售出盎司的現金成本爲每盎司1,689美元,而在2022年9月30日的三個月中,每盎司售出的現金成本爲每盎司1,461美元,增長了16%。增長16%是由於研磨和加工的噸位減少,與2022年第三季度相比,消耗品和材料成本增加。
Cash provided by operating activities during the third quarter ended September 30, 2023, was $10.3 million compared to cash used in operating activities of $0.6 million for the third quarter ended September 30, 2022. Cash provided by operating activities before working capital changes in 2023 consisted of $2.3 million as compared to $0.7 million of cash used in operating activities before working capital changes in 2022.
截至2023年9月30日的第三季度,經營活動提供的現金爲1,030萬美元,而截至2022年9月30日的第三季度用於經營活動的現金爲60萬美元。2023年營運資金變動前,經營活動提供的現金爲230萬美元,而在2022年營運資金變動之前,用於經營活動的現金爲70萬美元。
Adjusted EBITDA was $0.1 million in the third quarter of 2023 as compared to $0.7 million in the third quarter of 2022. Current year adjusted EBITDA was lower due to higher expenses, offset by a lower tax expense in Q3/2023.
2023年第三季度調整後的息稅折舊攤銷前利潤爲10萬美元,而2022年第三季度爲70萬美元。由於支出增加,本年度調整後的息稅折舊攤銷前利潤有所降低,但被2023年第三季度稅收支出的減少所抵消。
Net loss for the three months ended September 30, 2023 was $0.4 million, as compared to a $6.6 million net loss for the three months ended September 30, 2022, a difference of $6.2 million.The decrease in net loss is primarily a result of an increase in mine operating margin of $1.2 million, a decrease in finance expense of $0.5 million, a decrease in non-cash remeasurement loss on the secured notes and stream of $1.6 million, and an increase in general and administrative expenses of $0.4 million recorded in the third quarter of 2023 as compared to the third quarter of 2022.
截至2023年9月30日的三個月,淨虧損爲40萬美元,而截至2022年9月30日的三個月淨虧損爲660萬美元,相差620萬美元。淨虧損減少的主要原因是礦山營業利潤率增加120萬美元,財務支出減少50萬美元,有擔保票據和資金流的非現金重新計量虧損減少以及160萬美元增加 2023年第三季度的一般和管理費用爲40萬美元,而第三季度爲40萬美元2022 年的季度。
Basic and diluted loss per share for the three months ended September 30, 2023,was $0.00, compared to the basic and diluted loss per share of $0.08 for the three months ended September 30, 2022, a $0.08 per share decrease as a result of higher mine operating margin and lower other expenses.
截至2023年9月30日的三個月,基本和攤薄後的每股虧損爲0.00美元,而截至2022年9月30日的三個月中,每股基本和攤薄虧損爲0.08美元,由於礦山營業利潤率提高和其他支出降低,每股虧損爲0.08美元。
Review of Technical Information
審查技術信息
The scientific and technical information in this press release has been reviewed and approved by Sergio Gelcich,P.Geo., Vice President, Exploration for Cerrado Gold Inc., who is a Qualified Person as defined in National Instrument 43-101
本新聞稿中的科學和技術信息已由塞拉多黃金公司勘探副總裁 P.Geo. Sergio Gelcich 的審查和批准,他是 National Instrument 43-101 中定義的合格人員
About Cerrado
關於塞拉多
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the highly prospective Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold is developing it's 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec.
Cerrado Gold是一家總部位於多倫多的黃金生產、開發和勘探公司,專注於南美的黃金項目。該公司是阿根廷聖克魯斯省生產的Minera Don Nicola's和Las Calandrias礦以及位於巴西託坎廷斯州的極具前景的Monte Do Carmo開發項目的100%所有者。在加拿大,塞拉多黃金公司正在開發其100%擁有的Mont Sorcier鐵礦石和釩項目,該項目位於魁北克希布加穆郊外。
In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masif.
在阿根廷,塞拉多正在通過持續的運營優化來最大限度地提高其唐尼古拉斯礦業公司的資產價值,並通過其在拉斯卡蘭德里亞斯堆濾項目中的業務來提高產量。我們正在進行大規模的勘探活動,以進一步發掘我們位於Deseado Masif中心地帶的極具前景的一攬子土地中的潛在資源。
In Brazil,Cerrado is rapidly advancing the Serra Alta deposit at its Monte Do Carmo Project, through feasibility and into production. Serra Alta is expected to be a high-margin and high-return project with significant exploration potential on an extensive and highly prospective 82,542 hectare land package.
在巴西,塞拉多正在通過可行性快速推進其蒙特多卡爾莫項目的塞拉阿爾塔礦牀並將其投入生產。預計Serra Alta將是一個高利潤率和高回報的項目,在廣闊且極具前景的82,542公頃土地上具有巨大的勘探潛力。
In Canada,Cerrado holds a 100% interesting the Mont Sorcier Iron Ore and Vanadium Project,which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces contributing to the decarbonization of the industry and the achievement of SDG goals.
在加拿大,塞拉多擁有一個百分之百權益的Mont Sorcier鐵礦石和釩礦項目,該項目有可能在較長的礦山壽命內以較低的運營成本和較低的資本密集度生產優質的鐵礦石精礦。此外,其高品位和高純度產品促進了鋼鐵生產商從高爐向電弧爐的遷移,從而促進了該行業的脫碳和可持續發展目標的實現。
For more information about Cerrado please visit our website at: .
有關Cerrado的更多信息,請訪問我們的網站:.
Mark Brennan Mike McAllister
CEO and Chairman Vice President, Investor Relations Tel: +1-647-805-5662
mmcallister@cerradogold.com
馬克·布倫南邁克·麥卡利斯特
首席執行官兼董事長兼投資者關係副總裁電話:+1-647-805-5662
mmcallister@cerradogold.com
Disclaimer
免責聲明
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多倫多證券交易所風險投資交易所及其監管服務提供商(該術語在多倫多證券交易所風險投資交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation, all statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward- looking statements.
本新聞稿包含構成 “前瞻性信息”(統稱 “前瞻性陳述”)的陳述,除歷史事實陳述外,所有陳述均爲前瞻性陳述,基於截至本新聞稿發佈之日的預期、估計和預測。任何討論預測、預期、信念、計劃、預測、目標、假設、未來事件或績效的陳述(通常但不總是使用諸如 “期望”、“不期望”、“預期” 或 “未預期”、“計劃”、“預算”、“計劃”、“預期”、“預期”、“預測”、“估計”、“相信” 或 “打算” 之類的短語,或此類詞語和短語的變體某些行動、事件或結果(“可能” 或 “可能”、“會”、“可能會” 或 “將會” 採取或實現)不是對歷史事實的陳述,也可能發表前瞻性聲明。
Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions, including, but not limited to the expectation of production ramp up in 2024, the political situation in Argentina, including the likelihood of changes to the fiscal and currency regimes and the potential benefits to the Company resulting from political changes, the ability of MDN to fund its operations through cash flow and local debt facilities, anticipated timing for licensing at Monte Do Carmo, time required to reach production capacity at Las Calandrias, the future operating costs in Argentina, as well the timing of the feasibility study at Monte Do Carmo. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.
本新聞稿中包含的前瞻性陳述包括但不限於有關塞拉多業務和運營的陳述。在發表本新聞稿中包含的前瞻性聲明時,塞拉多做出了某些假設,包括但不限於2024年產量增加的預期、阿根廷的政治局勢,包括財政和貨幣制度變化的可能性以及政治變革給公司帶來的潛在利益、Monte Do Carmo通過現金流和地方債務融資機制爲其運營提供資金的能力、Monte Do Carmo的預計許可時間、所需時間以達到拉斯維加斯的產能卡蘭德里亞斯、阿根廷的未來運營成本以及蒙特多卡爾莫可行性研究的時機。儘管塞拉多認爲前瞻性陳述中反映的預期是合理的,但它無法保證任何前瞻性陳述的預期都會被證明是正確的。已知和未知的風險、不確定性以及可能導致實際業績和未來事件與此類前瞻性陳述所表達或暗示的存在重大差異的其他因素。這些因素包括但不限於一般商業、經濟、競爭、政治和社會的不確定性。因此,讀者不應過分依賴本新聞稿中包含的前瞻性陳述和信息。除非法律要求,否則塞拉多不打算更新或修改任何前瞻性陳述以反映實際結果,無論是由於新信息、未來事件、假設變化、影響此類前瞻性陳述的因素的變化還是其他結果。
SOURCE: Cerrado Gold Inc.
來源:Cerrado Gold Inc.
譯文內容由第三人軟體翻譯。