Cabral Gold (TSXV: CBR) is steadily advancing construction at their flagship Cuiú Cuiú in project in Brazil. The project is now moving its Phase 1 gold-in-oxide heap leach project into the plant erection phase.
Construction is roughly 70% complete, with 85% of project costs locked in under contract. The company says the build remains on budget and on schedule, with plant commissioning targeted for the third quarter of 2026 and commercial production expected in the fourth quarter.
April marked the close of the in-ground phase. Major earthworks, plant foundations, heap leach pad layout and pond excavations are finished. With those checked off, attention shifts to the wet and dry processing circuits, both of which are now actively under construction.
The adsorption, desorption and recovery (ADR) plant, dry-commissioned at Como Engineering in Perth, left Fremantle Port on April 25 packed into shipping containers and is due to arrive in Brazil in late May. Components for the mineral Sizer sourced from Germany are landing in the country imminently, with the final pieces scheduled for May 5.
CEO Alan Carter said commissioning of the dry circuit and pad leaching will now begin in June, earlier than previously guided, giving the team additional runway before commercial production ramps up.
“Construction of our Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú continues to progress and remains on budget and on schedule for commercial gold production during the fourth quarter of this year. The erection of both the dry and wet plant processing facilities are now in progress and the new 160 person mine camp and project offices were commissioned successfully in early April,” commented Carter.
On scale, the Phase 1 operation is designed to produce roughly 25,000 ounces of gold per year, with after-tax capex pegged at US$37.7 million and all-in sustaining costs of US$1,210 per ounce, according to the company’s pre-feasibility study. The broader Cuiú Cuiú district hosts indicated resources of 450,200 ounces in hard rock material and 216,182 ounces in oxide material, plus additional inferred ounces, leaving room for the operation to grow well beyond its starter footprint.
Cabral Gold last traded at $0.85 on the TSX Venture.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
