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Cerrado jumps on Monte do Carmo PEA

Cerrado Gold has released a preliminary economic assessment (PEA) for its Monte do Carmo gold project in Tocantins, Brazil which includes the recently expanded resources at the Serra Alta deposit.

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Cerrado Gold's Monte do Carmo in Tocantins, Brazil

The project would produce 131,000 ounces a year for eight years at an all-in sustaining cost of US$612/oz following an initial capital expenditure of $126 million, giving the project a capital