Cerrado Gold Inc. repurchased all outstanding streaming agreements from Sprott Streaming and Royalty for approximately US$31.34 million. The transaction covers the Minera Don Nicolas Mine in Argentina and the Lagoa Salgada project in Portugal. This move secures 100% of future revenue streams from these key assets for Cerrado.
The company paid an upfront consideration of US$11.34 million. This initial payment consisted of US$8 million in cash and 3 million common shares.
A deferred payment of US$20 million will be settled in two cash installments. Cerrado will pay US$8 million by October 6, 2026. The final US$12 million is due by January 4, 2027. The transaction officially closed on July 17, 2026.