Cabral Gold Announces First Gold Pour at Phase 1 Mine, Cuiú Cuiú Gold District, Brazil
First gold pour at Cuiú Cuiú shifts Cabral Gold from explorer to producer as it ramps Phase 1 toward commercial output.
Rhea-AI Summary
Cabral Gold (CBGZF) has completed its first gold pour, producing approximately 1,130 oz at its 100% owned Phase 1 Cuiú Cuiú mine in Brazil.
Commissioning of the dry circuit was completed in July 2026, and the wet circuit is now nearing completion ahead of schedule. With this milestone, Cuiú Cuiú becomes the newest producing gold mine in Brazil, and Cabral moves into the producer category. The company is ramping up mining and ore stacking, targeting a stacking rate of 3,000 tonnes per day and aiming for commercial production by the end of 2026, after which formal 2027 production guidance is expected.
The Phase 1 heap leach operation processes gold-in-oxide material and, in the company’s view, offers low-cost expansion options and an operating base for a planned hard rock Phase 2. The Cuiú Cuiú district hosts NI 43-101 compliant indicated and inferred resources in both fresh basement and oxide material, supporting longer-term development potential.
Positive
- First gold pour of approximately 1,130 oz at Phase 1 Cuiú Cuiú mine
- Dry circuit commissioning completed July 2026; wet circuit nearing completion ahead of schedule
- Cuiú Cuiú becomes newest producing gold mine in Brazil, moving Cabral into producer ranks
- Company targets 3,000 tonnes per day ore stacking and commercial production by end of 2026
- Cuiú Cuiú hosts NI 43-101 compliant indicated and inferred gold resources in fresh and oxide material
- Phase 1 heap leach provides base for planned hard rock Phase 2 expansion strategy
Negative
- None.
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Vancouver, British Columbia--(Newsfile Corp. - September 10, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce the first gold pour at Cabral's
Commissioning of the dry circuit at the Cuiú Cuiú mine was completed in July 2026 (see press release dated August 13, 2026). Commissioning of the wet circuit is now nearing completion, well ahead of schedule. As part of this commissioning process, Cabral has successfully completed the first gold pour which produced approximately 1,130 oz of gold (see Figure 1).
Figure 1: Gold dore resulting from first gold pour at the Cuiú Cuiú mine, Brazil.
Note Magellan is Cabral's
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/313811_80535360a4f9e8bc_001full.jpg
In achieving this significant milestone, the Cuiú Cuiú mine has become the newest producing gold mine in Brazil, and Cabral has joined the ranks of the industry's producers.
Cabral is now focused on ramping up mining and ore stacking operations at Cuiú Cuiú, targeting a stacking rate of 3,000 tonnes per day and commercial production by the end of 2026. Once through this ramp-up phase, Cabral expects to issue formal production guidance for the 2027 calendar year.
Alan Carter, President & CEO, commented: "This pivotal moment for Cabral is the culmination of a lengthy process and is a first step in our journey aimed at unlocking the potential of the entire Cuiú Cuiú district. This achievement speaks to the discipline, execution capability and determination of our entire team, who have delivered the Phase 1 heap leach operation ahead of schedule. We have moved from exploration and engineering through development and into production, creating value for our shareholders, local partners and communities, while maintaining our commitments to safety, environmental stewardship and local economic participation.
I would like to personally thank and congratulate every member of the team who helped make this milestone possible, particularly Luiz Celaro, our VP Operations who has managed the construction process on site. Our focus now turns to ramping up to commercial production, optimising recoveries and reducing unit costs. This milestone is only the beginning. We will continue to grow responsibly and focus on the creation of long-term benefits for our shareholders and our community."
John Sestan, Vice President Project Development of Cabral, commented: "It has been a privilege to lead our team of professionals taking the project from concept stage in 2023 to the first gold pour in under three years. Our Phase 1 project, which processes gold-in-oxide material, has been shaped by continuous improvement and optimization while holding to a very tight schedule to first production and cash flow.
The completed Phase 1 operation includes several low-cost, readily available expansion opportunities that we are assessing. It also provides an operating base, along with valuable local project development and construction experience, that should simplify and de-risk the planned expansion into the significant hard rock Phase 2 component of our development strategy."
About Cabral Gold Inc.
The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a
The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.
FOR FURTHER INFORMATION PLEASE CONTACT:
"Alan Carter"
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Qualified Person and Technical Information
Technical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/313811
FAQ
What commissioning progress has Cabral Gold achieved at the Cuiú Cuiú Phase 1 operation?
Commissioning of the dry circuit at the Cuiú Cuiú mine was completed in July 2026. Commissioning of the wet circuit is now nearing completion and is described as being well ahead of schedule. As part of this commissioning process, the company successfully completed the first gold pour.
What are Cabral Gold’s ramp-up objectives for the Cuiú Cuiú Phase 1 mine?
Cabral Gold is focused on ramping up mining and ore stacking operations at Cuiú Cuiú, targeting a stacking rate of 3,000 tonnes per day. The company aims to reach commercial production by the end of 2026, and once this ramp-up phase is complete, it expects to issue formal production guidance for the 2027 calendar year.
How does Phase 1 fit into Cabral Gold’s broader development strategy at Cuiú Cuiú?
The Phase 1 project is a gold-in-oxide heap leach operation that has, in the company’s view, been shaped by continuous improvement while adhering to a tight schedule to first production and cash flow. Management states that the completed Phase 1 operation includes several low-cost, readily available expansion opportunities being assessed. It also provides an operating base and local project development and construction experience that the company believes should simplify and de-risk the planned expansion into a significant hard rock Phase 2 component.
What NI 43-101 compliant gold resources are reported for the Cuiú Cuiú project?
The Cuiú Cuiú project currently has three main deposits with NI 43-101 compliant resources. Indicated resources total 12.29 Mt at 1.14 g/t gold (450,200 oz) in fresh basement material and 13.56 Mt at 0.50 g/t gold (216,182 oz) in oxide material. Inferred resources total 13.63 Mt at 1.04 g/t gold (455,100 oz) in fresh basement material and 6.4 Mt at 0.34 g/t gold (70,569 oz) in oxide material. These estimates are based on NI 43-101 technical reports dated October 12, 2022; October 21, 2024; and July 29, 2025, as applicable.