Cerrado Gold is trading 5% up at $1.26 after announcing a $31.34 million transaction to repurchase all streaming agreements from Sprott Streaming and Royalty to restore 100% of future revenue.
- The deal covers the Minera Don Nicolas mine in Argentina and the Lagoa Salgada project in Portugal, effective July 17, 2026.
- This transaction is expected to significantly improve the company's leverage to gold prices and enhance long-term cash flow.
- Investors are responding positively to the move, which eliminates third-party streaming obligations on these core assets.