188. Cerrado Gold: se acabó el hedge y ahora viene el “cash engine”

Cerrado is no longer about “turnaround”: it’s about execution. Three assets, three catalysts… and one question: grow without dilution? Argentina (cash flow + hedge removed), Portugal (legislation pending), and Quebec (feasibility): this is what’s at stake in 2026. Cerrado returns to the podcast after a year of transformation. Minera Don Nicolás (Argentina) is generating cash in a strong gold market, the hedge has been completed, and the company is accelerating exploration to extend mine life and grow. At Lagoa Salgada (Portugal), the project is entering a complex regulatory phase with an APA (cyanide issue already removed from the flowsheet and focus on aquifers), and Cerrado has filed an injunction to challenge the process. And Montsorcier (Quebec), a high-purity iron ore project for “green steel,” is nearing feasibility (with environmental permits expected afterward). 🎟️ 5th Anniversary Event: Chatting About Mines (June 6, Reus) 📍 Saturday, June 6 (afternoon) — Reus (FiraReus) ✅ In-person or Online “Row 0” (live stream + participation + on-demand access) 🎫 Tickets on Eventbrite https://www.eventbrite.com/e/charland... 🔔 Subscribe to Truth Below Ground for a free newsletter on mining and commodities investment. 👉 https://www.truthbelowground.com Follow me: Twitter - @Charlandodminas Twitter - @TruthBelowG Instagram - @charlandodeminas LinkedIn - Charlando de Minas LinkedIn - Truth Below Ground Website: www.charlandodeminas.com Website: https://www.truthbelowground.com Important Disclaimer: The content presented on Charlando de Minas does not constitute investment advice. Neither Amadeu Bonet nor the guests are financial advisors. We may have interests in the companies mentioned in this post. Always assume that the speakers have a bias. These episodes are a record of my learning about investing in natural resources. The information provided in this post—and in all Charlando de Minas posts—is general and impersonal in nature and is for informational purposes only. Its value is what you paid for it. If you're not paying for the product, you are the product. Expect to see announcements—which will be made verbally—in this video. Before making any investment decision, it is essential that you consult with multiple licensed, experienced, and qualified financial advisors. Obtain diverse opinions before making your final decision. The minimum risk for any investment mentioned in this publication is the loss of 100% of your capital. Readers are cautioned that this presentation likely contains forward-looking statements regarding expected future events and the financial and operating performance of the companies potentially discussed here. Reality often differs from expectations. Managers often overpromise. If a manager speaks here, be cautious.