Cabral Gold Inc.
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Alan H. C. Carter
- Full Time Employees
- 23
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Jan 8, 2021
- CIK
- 0001609873
- Website
- cabralgold.com
- Similar Companies
- Business
- Cabral Gold Inc. is a junior resource company focused on the identification, exploration, and development of gold mineral properties, primarily operating in Brazil. The company holds a 100% interest in the district-scale Cuiú Cuiú gold project located in the Tapajos region of Pará state, northern Brazil, along with other projects such as Bom Jardim. Its core activities include exploration drilling, resource estimation, and advancing the development of gold deposits through mining and processing initiatives. The company’s primary products and services encompass exploration and development of gold resources, with a particular emphasis on gold-in-oxide deposits suited for heap leach mining technology. Cabral Gold’s flagship project, the Cuiú Cuiú gold district, is being developed through a staged approach. The initial Stage 1 operation focuses on a near-term gold-in-oxide heap leach starter operation processing approximately 1 million tonnes per year with an anticipated mine life of 6.2 years. This initiative targets early cash flow generation and operates with gold production estimated at 113,155 ounces over the life of the mine at an all-in sustaining cost of about US$1,210 per ounce. The company is concurrently conducting extensive exploration drilling to expand and upgrade the resource base, aiming for a larger Stage 2 hard rock mining operation. The project demonstrates robust economics, with a recent prefeasibility study showing an after-tax IRR of 78% and an after-tax NPV of approximately US$74 million based on a US$2,500 per ounce gold price assumption. Recent major developments include the successful closing of a US$45.1 million gold loan to fully fund the heap leach starter operation, providing financial flexibility for ongoing exploration and construction activities. In 2024 and 2025, Cabral Gold has reported significant gold discoveries, notably at the Machichie and PDM targets within the Cuiú Cuiú district, including high-grade intercepts such as 11 meters at 33 grams per tonne gold. The company expanded gold-in-oxide blankets at key targets by up to 50%, commenced metallurgical testing, and identified new high-grade zones, reinforcing its growth prospects. It successfully raised approximately $4.5 million through warrant exercises and private placements, enhanced its management team with strategic appointments, and filed updated technical reports adhering to NI 43-101 standards. Operationally, Cabral aims for first gold production in the second half of 2026. Cabral Gold operates primarily in Brazil but is a Canadian-based entity founded in 2009 with headquarters in Vancouver, British Columbia. It targets primarily the gold mining industry within the junior resource and exploration sector. The company’s strategic focus integrates near-term production at the Cuiú Cuiú oxide starter project with a long-term vision to expand mineral resources and develop a major hard rock mining operation in the region. Its growth strategy is supported by sustained exploration across multiple high-potential targets in the Cuiú Cuiú district and leveraging staged project development to balance cash flow generation and resource growth. Overall, Cabral Gold Inc. offers specialized exploration and development services focused on gold properties within the Brazilian Amazon, executing a two-stage development strategy at its Cuiú Cuiú project that combines near-term heap leach production with expansion toward a larger hard rock mining operation, backed by recent financing, technical advancements, and notable exploration successes.
Company News
Cabral Gold Announces First Gold Sales from Phase 1 Mine, Cuiú Cuiú Gold District, Brazil
Cabral Gold Announces First Gold Pour at Phase 1 Mine, Cuiú Cuiú Gold District, Brazil
Cabral Gold Drills 8.9m @ 5.8 g/t gold and Intersects New Mineralized Zone at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Announces Closing of $45 Million Private Placement with Strategic Investor
Cabral Gold Receives Operating License for the Cuiú Cuiú Phase I Gold Mine. Construction of ADR Leach Processing Plant Completed.
Cabral Gold Appoints Accomplished Exploration Geologist Elton Pereira as Vice President Exploration
Cabral Gold Announces Additional Drill Results from Pre-Production Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil
Cabral Gold Commences Commissioning Process of Cuiú Cuiú Gold-in-Oxide Heap Leach Project. Commences Mining and Stacking
Cabral Gold Drills Significant New Mineralized Zone between the Central and PDM Gold Deposits and Expands the PDM Gold-in-Oxide Blanket, Cuiú Cuiú Gold District, Brazil
Cabral Gold Drills 25m @ 7.5 g/t Gold Including 10m @ 17.1 g/t Gold as Part of Pre-Production Infill Drilling, MG Gold Deposit, Cuiú Cuiú Gold District, Brazil
Cabral Gold Drills 107.6m @ 2.5 g/t Gold Including 17.8m @ 13.0 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold deposit, Cuiú Cuiú Gold District, Brazil
Cabral Gold Drills 10.2m @ 8.7 g/t Gold Including 1.3m @ 62.5 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil. Doubles Number of Drill Rigs on Site to Six
AMD reports Q1 earnings beat driven by data center growth
Cabral Gold Advances Construction of Cuiú Cuiú Gold-in-Oxide Heap Leach Project. Transitions to Plant Erection Phase; Remains on Schedule
Cabral Gold Announces the Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil
Cabral Gold Announces Closing of $20 Million Bought Deal Financing
Cabral Gold Drills 9.5m @ 87.4 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil
Cabral Gold Achieves Major Permitting Milestone with the Granting of the LP for Full Mining License at Cuiu Cuiu Gold District, Brazil