Name

Ascendant Resources

Legal name

Cerrado Gold

Website

https://ascendantresources.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Mineral Development

NAICS

Other Metal Ore Mining (21229), Mining (except Oil and Gas) (212), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industry

Critical Minerals Trading, Offtake & Marketing (IMAKAFAJ)

Keywords

• Mineral exploration
• Mining development
• Resource development
• Base metals mining
• Mining operations

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Gold and Silver Production Sales: Revenue generated from the sale of gold and silver produced at the Minera Don Nicolas mine in Santa Cruz, Argentina. The mine produces over 50,000 ounces per year with expansion and exploration growth potential.
2. Iron Ore and Vanadium Production: Revenue anticipated from the Mont Sorcier project in Quebec, Canada - a large magnetite resource capable of producing high grade iron ore concentrates for green steel production, with vanadium byproduct potential. The project benefits from available underutilized infrastructure and low-cost green hydropower.
3. Base Metal Production (Zinc, Lead, Silver, Gold): Future revenue stream from the Lagoa Salgada project in Portugal - a low-cost VMS deposit on the Iberian Pyrite Belt with zinc, lead, silver, and gold mineralization. Currently in early-stage development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Ascendant Resources is a publicly traded mineral development company headquartered in Toronto, Canada. Founded in 2016, the company is listed on the Toronto Stock Exchange under the symbol ASND and operates with a small team of 11-50 employees focused on mineral resource identification, exploration, and development.

Product overview

Cerrado Gold is a fully funded, multijurisdictional, precious metals producer with critical mineral upside. The company's portfolio consists of three distinct mining projects: Minera Don Nicolas (MDN), a producing open-pit gold mine with CIL processing plant in Argentina delivering over 50koz annually; Lagoa Salgada, an early-stage VMS deposit in Portugal with zinc, lead, silver, and gold potential along the Iberian Pyrite Belt; and Mont Sorcier, a world-class iron ore and vanadium project in Quebec, Canada supporting green steel production. MDN provides steady-state gold production while serving as a discovery asset with growth potential; Lagoa Salgada represents the next low-cost development opportunity; and Mont Sorcier offers critical mineral exposure with infrastructure advantages.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Over 50,000 oz/year gold production
• +2 more outcomes

Segments1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hudbay Minerals: Base metals miner producing copper, zinc, and precious metals across the Americas. Comparable multi-commodity base metals producer with development-stage growth profile.
• IAMGOLD: Mid-tier gold miner with producing assets and development projects concentrated in the Americas, including West Africa. Comparable scale, Americas-centric strategy, and pipeline of growth projects.
• Argonaut Gold: Junior gold producer with producing mines in the Americas, including Mexico. Closely comparable as a sub-100koz/year gold producer with growth ambitions across multiple jurisdictions.
• Sandstorm Gold Royalties: Gold royalty and streaming company with diversified exposure to producing mines globally. Comparable precious-metals exposure profile with capital-light model in the same commodity cycle.
• Champion Iron: Iron ore producer focused on high-grade concentrates in Quebec, Canada. Directly comparable to Mont Sorcier given geographic proximity and shared focus on premium iron concentrates for steelmakers.
• Equinox Gold: Multi-asset gold producer operating across the Americas with a portfolio of producing mines and development projects. Directly comparable diversified gold producer profile with Americas focus.
• MAG Silver: Silver-focused development and production company with assets in the Americas. Comparable precious-metals development profile with district-scale asset concentration.
• First Majestic Silver: Intermediate silver producer operating multiple mines in the Americas. Comparable precious-metals producer profile selling into commodity markets with growth via development pipeline.
• Lundin Mining: Mid-tier base metals producer with copper, zinc, and nickel operations including Iberian Pyrite Belt assets in Portugal/Spain. Closely comparable to Lagoa Salgada for base metals VMS deposit profile.
• Endeavour Silver: Intermediate precious metals producer focused on silver-gold mining in Mexico. Comparable as a junior-to-mid-tier producer with operating mines feeding precious metals to commodity markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds5 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ascendant Resources