Northwire Canada EditionMonday, August 24, 2026
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GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% EML 0.225 −4.3% GOLD 4697.80 +0.4% SILVER 68.59 −1.4% COPPER 6.61 +0.3% OIL 85.01 −2.4% PALLADIUM 1359.75 +0.7% SRA 0.780 +0.0% TUK 0.020 −20.0% GWM 0.610 −4.7% MINE 0.110 +0.0% EGM 0.100 +0.0% IRO 1.11 +2.8% CBR 1.41 +2.5% CTN 0.045 +0.0% GMX 2.06 +2.0% NPR 0.700 −2.8% CGD 1.28 +8.5% CRE 0.390 +13.0% PE 0.250 +0.0% PER 0.150 +7.1% SVRS 0.540 +8.0% EML 0.225 −4.3%
Drill Results Routine +

Cabral Gold Drills Significant New Mineralized Zone between the Central and PDM Gold Deposits and Expands the PDM Gold-in-Oxide Blanket, Cuiu Cuiu Gold District, Brazil

Cabral’s Cuiú Cuiú project advances toward q4 production while mounting debt and negative equity persist.

By The Northwire Desk — AI Analysis Jun 23, 2026 · 06:30 CBR · 0.92 Cabral Gold Inc.
Executive Summary
  • Cabral Gold announced reconnaissance core drilling results at the Mutum target within the Cuiú Cuiú Gold District, Brazil.
  • Hole DDH387 intersected a new mineralized zone in primary intrusive rocks, returning 20.7m @ 1.6 g/t Au from 131.4m depth, including 2.5m @ 5.7 g/t Au.
  • Near-surface oxide intercepts across multiple holes indicate the PDM gold-in-oxide blanket has expanded from 26 to over 40 hectares.
  • The results suggest a geological link between the Central and PDM deposits, likely controlled by a NW-trending boundary fault.
  • Management plans additional drilling to test down-dip extensions and further delineate the new zone and oxide blanket.
  • Phase 1 gold-in-oxide heap leach operation remains on track for commercial production in Q4 2026.
Material Impact
  • The drilling results are consistent with the company's ongoing exploration narrative and previous announcements at Mutum (Dec 2025) and PDM (Oct 2025).
  • The expansion of the oxide blanket and discovery of a new primary zone are positive but incremental. They do not alter the immediate construction timeline or the Q4 2026 production target.
  • The market has already priced in the exploration progress and the $45.1M gold loan. This update serves as validation of the geological model rather than a new catalyst.
  • No change to the company's financial profile or near-term cash flow requirements. The news is expected and aligns with the pre-production phase.
CBR · Price
Company Overview
  • Cabral Gold Inc. is developing the Cuiú Cuiú Gold District in the Tapajós Gold Province of northern Brazil.
  • The flagship project is a Phase 1 gold-in-oxide heap-leach starter operation targeting near-surface saprolite and soil material.
  • Updated Pre-Feasibility Study (July 2025) outlines a 1 Mt/yr processing plant, 6.2-year mine life, and 113,155 oz of total production.
  • Financial metrics (base case $2,500/oz): NPV5 of US$73.9M, after-tax IRR of 78%, AISC of US$1,210/oz, and a payback period of 10 months.
  • Construction is approximately 70% complete, with major equipment procurement over 90% finished. Plant commissioning is targeted for June 2026, with commercial production expected in Q4 2026.
  • Management emphasizes the simplicity of the heap-leach process (no crushing/grinding required) and the strong safety record on site.
Read the original news release →

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Production / Operations Jul 21, 2026 · 06:30

Cabral’s final MG infill assays confirm consistent oxide grades from surface, de-risking the Year 1 mine plan and Q4 2026 production start.

Drill Results Jul 09, 2026 · 06:30

Cabral begins heap-leach commissioning with Q4 production targets intact amid steady progress at its project.

Production / Operations Jun 11, 2026 · 06:31

Cabral’s pre-production infill drilling validates high-grade oxide resources ahead of the Q4 2026 heap-leach ramp-up at its project.

Drill Results Jun 02, 2026 · 06:31

Exploration Update

Drill Results