06:24 AM EDT, 08/22/2025 (MT Newswires) -- Cerrado Gold ( CRDOF ) late on Thursday reported lower second-quarter net income and revenue along with a decrease in gold equivalent production.

Net income from continuing operations came in at $1.2 million, down from $1.4 million. Revenue was $29.6 million, down from $29.9 million.

Adjusted EBITDA also fell to $7.4 million from $15 million.

The company produced 11,437 gold equivalent ounces, down from 16,255 gold equivalent ounces. This was driven by a decrease in production from the CIL operation as the company's focus moved toward heap leach operations in 2025 and only processed low grade ore in the second quarter.

Cerrado maintained its 2025 production guidance at 55,000 to 60,000 gold equivalent ounces.