Cabral Gold Inc. (TSXV: CBR | OTCQX: CBGZF) has announced a significant operational milestone: the first gold pour at its 100%-owned Phase 1 Cuiú Cuiú heap leach mine in Brazil. The pour produced approximately 1,130 oz of gold, marking the company's transition from developer to producer. With wet circuit commissioning nearing completion ahead of schedule, the company is now focused on ramping operations toward commercial production by year-end 2026.

Key Points

  • Cabral Gold Inc. (TSXV: CBR | OTCQX: CBGZF) operates the 100%-owned Cuiú Cuiú gold district in Pará, northern Brazil
  • First gold pour at the Phase 1 Cuiú Cuiú mine produced approximately 1,130 oz of gold
  • Wet circuit commissioning is nearing completion, described as well ahead of schedule; the company is targeting a stacking rate of 3,000 tonnes per day and commercial production by end of 2026
  • Investors will be watching the ramp-up to commercial production and the anticipated formal 2027 production guidance

Phase 1 Heap Leach Operation Delivers First Gold Ahead of Schedule

Cabral Gold announced that commissioning of the dry circuit at Cuiú Cuiú was completed in July 2026, with wet circuit commissioning now nearing completion well ahead of schedule. The first gold pour, producing approximately 1,130 oz of gold, was completed as part of this commissioning process. The company stated that the Cuiú Cuiú mine is now the newest producing gold mine in Brazil, representing a pivotal step from the company's development phase into active production. The Phase 1 operation processes gold-in-oxide material using a heap leach method.

Ramp-Up Targets and Path to Commercial Production at Cuiú Cuiú

With the first pour completed, Cabral Gold stated it is focused on ramping up mining and ore stacking operations, targeting a stacking rate of 3,000 tonnes per day. The company has set a target of reaching commercial production by the end of 2026. Once through the ramp-up phase, Cabral expects to issue formal production guidance for the 2027 calendar year. The company did not disclose specific cost guidance or recovery rate targets in this announcement, but noted optimising recoveries and reducing unit costs as near-term operational priorities.

Expansion Opportunities and Phase 2 Hard Rock Development Strategy

According to the release, the completed Phase 1 operation includes several low-cost expansion opportunities that the company is currently assessing. The disclosure also references a planned Phase 2 expansion into hard rock mineralisation at Cuiú Cuiú. The company holds NI 43-101 compliant Indicated resources of 12.29 Mt at 1.14 g/t gold in fresh basement material and 13.56 Mt at 0.50 g/t gold in oxide material, alongside significant Inferred resources, underscoring the district-scale potential that management states underpins its long-term development strategy.