#LatAm #Gold Producer @CerradoGold reports 94.8% IRR for Monte do Carmo #Brazil $CERT

Cerrado Gold came out with an updated PEA for its Brazilian Gold mine, Monte do Carmo. Some excellent numbers:

• After-Tax IRR of 94.8%, NPV5% US$617MM 

• Gold Production of 150,000 oz/yr. for first 5 years

• AISC of US$431/oz over first 5 years

• Low Initial Capex of US$126MM (incl. US$25MM contingency)

Here are some highlights and a comment from Mark Brennan, CEO. 

#MiningStocks Financings continue to drop, average deal size at 70-week low

ORENINC INDEX - Monday, August 16th 2021

  Last Week: 19.28

This week: 18.49

The Oreninc Index decreased

$550BN will shift from #Commodities importers to exporters in 2021, nearly 2X the $280BN reverse transfer in 2020 as prices collapsed.

Winners & Losers From Surge in Commodity Prices 

Gains for commodity exporters will easily outweigh their losses last year as the pandemic spread and crushed demand for raw materials: 

Bloomberg Economics estimates that $550 billion will shift from importers to exporters in 2021, nearly double the $280 billion reverse transfer last year when prices collapsed.

In absolute terms, Russia will benefit the most. China's net exports will drop by around $218 billion — far higher than the figures of around $55 billion for the next-worst off countries, India and Japan. 

See the whole article on Bloomberg here: https://www.bloomberg.com/news/articles/2021-07-30/here-s-who-wins-and-who-loses-from-the-surge-in-commodity-prices

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