Cerrado Gold repurchases MDN, Lagoa Salgada metal streams from Sprott for US$31.34 million

Reuters2026/07/20 10:01

By:Reuters

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Cerrado Gold repurchased Sprott-held streaming assets over Minera Don Nicolas in Argentina and Lagoa Salgada in Portugal for about USD 31.34 million.
Upfront payment totaled about USD 11.34 million, including about USD 8 million cash; the balance was satisfied with common shares.
Deferred consideration totals USD 20 million, split into USD 8 million due by Oct. 6, 2026, and USD 12 million due by Jan. 4, 2027.
Repurchase cancels the MDN Stream, the LS Stream, and the LS Note; prior security tied to the streams is being released.
Closing took effect July 17, 2026; the deal remains subject to final TSX Venture Exchange acceptance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cerrado Gold Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607200600PRIMZONEFULLFEED9764488) on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cerrado Gold repurchases MDN, Lagoa Salgada metal streams from Sprott for US$31.34 million

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