Cabral Gold Commences Commissioning Process of Cuiu Cuiu Gold-in-Oxide Heap Leach Project. Commences Mining and Stacking
Cabral begins heap-leach commissioning with Q4 production targets intact amid steady progress at its project.
Cabral Gold Inc. (CBR) reports that construction of the Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú is approximately 85% complete. Mining of gold-in-oxide ore from the MG orebody has officially commenced, with the first ore pile created and transported via conveyor to Heap Leach Pad 1.
The Adsorption, Desorption, and Recovery (ADR) plant has arrived in Brazil and is expected on-site in late July 2026. The project remains on schedule for commissioning during Q3 2026 and ramp-up to full commercial production during Q4 2026.
Infill drilling for the first 9 months of production at the MG deposit is complete, with assay results for 124 holes in line with expectations. Safety performance is strong, with 501,743 hours worked and zero lost time incidents in 2026. Regulatory approval for cyanide use has been secured, and key consumables are available on-site.
Cabral Gold Inc. (CBR) confirmed that construction and mining activities are progressing in line with the Pre-Feasibility Study (PFS) and prior management guidance. Commencing mining and stacking represents a standard milestone following the 70% completion update reported in April 2026. The company reported no new surprises, cost overruns, or schedule delays, maintaining the Q4 2026 commercial production target.
Cabral Gold Inc. (CBR) is advancing the Cuiú Cuiú Gold District in the Tapajós Gold Province of northern Brazil, situated adjacent to GMining’s Tocantinzinho mine. The company’s flagship project is a Phase 1 gold-in-oxide heap leach operation targeting near-surface saprolite and soil, a method that eliminates the need for crushing or grinding. The project features a 1 Mtpa processing plant with a 6.2-year mine life.
An updated Preliminary Feasibility Study (PFS) released in July 2025 projects an after-tax NPV5 of US$73.9M, an internal rate of return (IRR) of 78%, and an all-in-sustaining cost (AISC) of US$1,210/oz at a gold price of $2,500/oz. Indicated resources include 12.29Mt @ 1.14 g/t Au in fresh basement and 13.56Mt @ 0.50 g/t Au in oxide material.