Company Overview

Cerrado Gold Inc. is a Canada-based gold mining and exploration company focused on the development and operation of precious metals assets in South America, primarily Brazil and Argentina. The company operates in the gold mining industry, with activities spanning production, development, and exploration. Its core revenue is derived from gold production, supplemented by exploration upside and development-stage projects intended to extend mine life and increase output.

The company’s primary business is anchored by its flagship operating asset, the Minera Don Nicolás (MDN) Mine in Argentina, alongside development-stage assets in Brazil. Cerrado Gold positions itself as a mid-tier gold producer with a strategy centered on operational optimization, disciplined capital allocation, and organic growth through resource expansion. The company was formed through the combination of mining assets previously held by BBX Gold Corp., evolving into Cerrado Gold following corporate restructuring and asset consolidation aimed at establishing a scalable gold platform in Latin America.

Business Operations

Cerrado Gold operates through distinct mining and development assets, with revenue generation primarily from its Gold Production Segment, driven by open-pit mining and processing operations at Minera Don Nicolás. The MDN operation includes multiple deposits and processing infrastructure designed to produce doré gold, with ongoing efforts to optimize recoveries and reduce unit costs. The company also maintains active exploration programs intended to expand mineral resources within existing mining concessions.

Internationally, Cerrado Gold’s operations are concentrated in Argentina and Brazil, with technical, geological, and administrative functions supported by regional offices and its Canadian corporate headquarters. The company controls mining concessions, processing facilities, and associated infrastructure, and relies on a combination of in-house technical teams and specialized contractors. Its Brazilian asset portfolio includes the Monte do Carmo Project, a development-stage gold project that represents a potential future production center.

Strategic Position & Investments

Cerrado Gold’s strategic direction emphasizes near-term cash flow generation from existing operations while advancing development projects to drive medium-term growth. A key strategic initiative is the phased development of the Monte do Carmo Project in Brazil, which the company has identified as a cornerstone asset with potential for scalable, low-cost production. Capital investments are focused on mine life extension, exploration drilling, and processing improvements.

The company has pursued growth through targeted acquisitions and asset consolidation, most notably the acquisition of BBX Gold Corp., which expanded Cerrado Gold’s Brazilian asset base and strengthened its project pipeline. Cerrado Gold is also investing in geological modeling, exploration technologies, and operational efficiencies to improve margins and resource confidence, while maintaining flexibility to pursue additional acquisitions within Latin America.

Geographic Footprint

Cerrado Gold’s operational footprint is concentrated in South America, with its primary producing asset located in Santa Cruz Province, Argentina, and its principal development assets situated in Tocantins State, Brazil. The company’s corporate headquarters and public market presence are based in Canada, supporting investor relations, governance, and strategic oversight.

Across these regions, Cerrado Gold maintains exploration and development interests that provide exposure to multiple gold belts with established mining infrastructure. Its activities in Argentina and Brazil position the company within jurisdictions that have long histories of gold production, while also subjecting it to region-specific regulatory, fiscal, and operating environments that influence capital allocation and risk management.

Leadership & Governance

Cerrado Gold is led by an executive team with experience in mine development, operations, and capital markets, reflecting the company’s focus on disciplined growth and operational execution. Leadership emphasizes value creation through efficient operations, prudent investment, and transparent governance aligned with public market standards.

Key executives include:

• Mark Brennan – Executive Chairman
• Ian Harris – Chief Executive Officer
• Rocco DiBartolomeo – President
• Michael McAllister – Chief Financial Officer
• Julio Rojas – Chief Operating Officer

The leadership team’s strategic vision centers on transforming Cerrado Gold into a sustainable mid-tier gold producer by leveraging its South American asset base, advancing development projects, and maintaining strong financial and operational controls.