Cabral Gold Inc. has marked a key milestone with the completion of its first gold pour at the Cuiú Cuiú mine in Brazil’s Tapajós Region, producing around 1,130 ounces of gold. The wholly-owned Phase 1 operation, which processes oxide gold-in-ore material, achieved this milestone despite rapid development—from concept stage in 2023 to first production in under three years. The dry circuit was commissioned in July, with the wet circuit nearing completion ahead of schedule, targeting a stacking rate of 3,000 tonnes per day once operational. Commercial production is expected by the end of 2026, with production guidance for 2027 anticipated once the ramp-up phase is fully realized.
The mine’s resource estimates, compliant with NI 43-101 standards, include 12.29 million tonnes of fresh basement material grading 1.14 grams per tonne gold, yielding 450,200 ounces, and 13.56 million tonnes of oxide material at 0.50 grams per tonne, totaling 216,182 ounces. These reserves position Cuiú Cuiú within Brazil’s broader Tapajós gold province, where placer gold production historically yielded between 30 and 50 million ounces between 1978 and 1995, with the Cuiú Cuiú district alone contributing an estimated 2 million ounces of placer gold in the past.
The project’s rapid progress reflects its strategic alignment with Brazil’s emerging gold sector, where demand for high-quality, low-cost production continues to grow. Cabral Gold’s success at Cuiú Cuiú underscores its ability to accelerate development from early-stage planning to operational output, positioning it as a key player in the region’s future gold production landscape.
