Cabral Gold
Cabral Gold Inc. is a junior gold mining company developing the Cuiú Cuiú Gold District in Brazil's Tapajós Region. It pursues a two-stage strategy: near-term heap leach gold production (Q4 2026) followed by larger hard-rock milling. Pre-revenue, TSX Venture and OTCQX-listed.
- Company typePublic
- Founded2017
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Cabral Gold does
Cabral Gold Inc. is a junior gold exploration and development company advancing its flagship Cuiú Cuiú Gold District in Brazil's Tapajós Region, Pará state. The company pursues a two-stage development strategy: Stage 1 is a near-surface gold-in-oxide heap leach operation targeting 25,000 oz/year at all-in sustaining costs of US$1,210/oz, with first gold pour expected Q4 2026; Stage 2 contemplates a larger hard-rock milling operation once resources are expanded. Cabral holds NI 43-101 compliant indicated resources of approximately 666,382oz (450,200oz primary at 1.14 g/t + 216,182oz oxide at 0.50 g/t) and inferred resources of approximately 525,669oz, with the district covering a 15x10km area containing over 50 identified exploration targets peripheral to 3 known deposits and 4 recent hard-rock discoveries (PDM, Machichie Main, Machichie NE, Jerimum Cima).
The company's core technology is heap leach processing of near-surface weathered saprolite and oxide material. Processing involves crushing to minus 25mm, agglomeration with cement addition (15 kg/t), and column leaching with dilute cyanide solution, achieving 88-96% gold recoveries over 22-35 days in metallurgical testing. Cabral is constructing an ADR plant supplied by Como Engineering (Perth, Australia), with Ausenco Brazil as engineering consultant on the July 2025 Updated PFS that validated 78% after-tax IRR and US$74M NPV5 at US$2,500/oz gold. Phase 1 construction reached 70% completion by April 2026, on schedule and on budget, with 283 employees and contractors on site.
Cabral is currently pre-revenue. Its go-to-market is investor-focused rather than product-focused: the company lists on the TSX Venture Exchange (CBR) and OTCQX (CBGZF), distributes news through Newsfile Corp, and presents at investor conferences. Future gold production will be sold to commodity markets — refineries and bullion banks — at prevailing spot prices. Capital has been raised across multiple rounds including a US$45.1M gold loan from Precious Metals Yield Fund (closed November 2025) that fully funds the US$37.7M Phase 1 capex, and a C$20M bought deal financing closed in March 2026. The leadership team, led by CEO Alan Carter (personal C$1.95M investment, largest shareholder), is credited with five gold discoveries in Brazil including the 2Moz Tocantinzinho deposit now operated by GMining Ventures as Brazil's third-largest gold mine.
Cabral Gold firmographics
Firmographics- Name
- Cabral Gold
- Legal name
- Cabral Gold Inc.
- Website
- https://cabralgold.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Cabral Gold Inc. is a junior gold mining company developing the Cuiú Cuiú Gold District in Brazil's Tapajós Region. It pursues a two-stage strategy: near-term heap leach gold production (Q4 2026) followed by larger hard-rock milling. Pre-revenue, TSX Venture and OTCQX-listed.
- Ownership category
- akta.pro rank
Cabral Gold industry classification
Industry- Product category
- Gold Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Gold Mining (IMAKAEAA)
Keywords
Where Cabral Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Cabral Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Gold Production and Sales: The company is in pre-production stage, constructing a Phase 1 gold-in-oxide heap leach operation targeting Q4 2026 commercial production. Expected initial production of 25,000 oz/year at all-in sustaining costs of US$1,210/oz. Gold will be sold on commodity markets.
- Exploration and Development: Pre-revenue stage company focused on expanding NI 43-101 compliant resources through drilling at the Cuiú Cuiú gold district before commercial production commences.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Cabral Gold product offering
Product offeringCore offering
Cabral Gold is a junior gold mining company developing the Cuiú Cuiú Gold District in Brazil's Tapajós Region. The company is constructing a Phase 1 gold-in-oxide heap leach operation targeting 25,000 oz/year at all-in sustaining costs of US$1,210/oz with first production expected in Q4 2026. Once operational, the company will sell gold production to commodity markets (refineries and bullion banks), with oxide cash flow funding further exploration of the larger hard-rock resource base.
Product overview
Cabral Gold is a junior gold resource company pursuing a two-stage development strategy at its Cuiú Cuiú Gold District in Brazil's Tapajós Region. The company operates the Phase 1 gold-in-oxide heap leach operation (currently under construction, targeting Q4 2026 production) and plans to expand into Phase 2 hard-rock mining and milling as resources are drilled off. The portfolio includes multiple deposits (MG, Central, PDM, Machichie, Jerimum Cima) within the district, plus the Bom Jardim exploration project.
Differentiator
Problem solved
Functional benefit
Products and services
- Cuiú Cuiú Gold Project Cabral Gold's flagship district-scale gold project in Brazil's Tapajós Region, comprising multiple shear zone-hosted gold deposits (Central, MG, PDM, Machichie Main, Machichie NE, Jerimum Cima) within the Cuiú Cuiú Complex granitic rocks. Holds NI 43-101 compliant indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) primary + 13.56Mt @ 0.50 g/t gold (216,182oz) oxide, and inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) primary + 6.40Mt @ 0.34 g/t gold (70,569oz) oxide. Currently being developed through a two-stage strategy with Phase 1 heap leach oxide production.
- Bom Jardim Project Exploration-stage gold project located approximately 25km northwest of the Cuiú Cuiú property in Brazil's Tapajós Region. Covers headwaters and source areas of the Bom Jardim district, one of the largest garimpos in the region, with significant NNE and E-W trending mineralized structures with strike lengths up to 7km.
Quantifiable outcome
- After-tax IRR of 78% at $2,500/oz gold price
- +4 more outcomes
Companies that use Cabral Gold
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Cabral Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Cabral Gold partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and core.
- Como EngineeringminorADR (Adsorption-Desorption-Recovery) plant manufacturer located in Perth, Australia, supplying critical processing equipment for the Phase 1 heap leach operation.
- Ausenco BrazilcoreEngineering consultancy that completed the Updated PFS for Stage 1 gold-in-oxide heap leach operation. Technical report dated July 29, 2025.
Scale indicators7 records
Recent moves8 records
Expansion highlights6 records
Cabral Gold competitors and assessment
Company assessmentDirect peers
- G Mining Ventures Corp: G Mining operates the Tocantinzinho gold mine immediately adjacent to Cabral's Cuiú Cuiú project in Brazil's Tapajós region. Most directly comparable as a mid-tier Canadian-listed Brazilian gold producer that transitioned from developer to producer, validating the same geological and jurisdictional setting.
- Serabi Gold plc: Serabi Gold is a producing junior gold miner operating exclusively in Brazil's Tapajós region. Comparable as a small-cap Brazilian-focused gold producer with similar operational scale and jurisdictional exposure.
- TriStar Gold Inc: TriStar Gold is a Canadian-listed junior developer focused on gold projects in Brazil. Comparable as a similarly-sized pre-production Brazilian gold developer pursuing permitting and feasibility-stage advancement.
Broad incumbents
- Equinox Gold Corp: Equinox Gold acquired Tocantinzinho (via the Ross Beaty/Magellan Minerals lineage) and is now a multi-asset gold producer with significant Brazilian operations. Comparable as the natural acquirer profile and as validation of Cabral's management track record, since Cabral's CEO previously sold Magellan into this corporate group.
- Hochschild Mining plc: Hochschild Mining acquired Amarillo Gold's Brazilian Posse project and operates as a mid-tier precious metals producer with Brazilian exposure. Comparable as a strategic acquirer of junior Brazilian gold developers and a potential consolidation path for Cabral at Phase 2 stage.
- IAMGOLD Corporation: IAMGOLD is a mid-tier gold producer with operations and development projects across the Americas including Brazil. Comparable as a larger Brazilian gold operator that could represent a strategic acquirer or benchmark for development-stage peers.
Emerging players
- GoldMining Inc: GoldMining Inc is a Canadian-listed junior with a portfolio of gold and base metal projects across the Americas including Brazil. Comparable as a project-generator peer with similar Brazilian gold exposure and similar market-cap bracket.
- New Found Gold Corp: New Found Gold is a Canadian-listed junior advancing a high-grade gold discovery through exploration and resource definition. Comparable as a similarly-sized developer-stage gold company reliant on capital markets to advance a flagship project to feasibility.
- Wallbridge Mining Company Ltd: Wallbridge Mining is a Canadian-listed junior advancing gold projects through exploration and PEA-stage development in the Americas. Comparable as a small-cap developer navigating the path from resource delineation to production decisions.
- Lundin Gold Inc: Lundin Gold successfully transitioned from junior developer to producer at the Fruta del Norte gold mine in Ecuador. Comparable as the archetypal recent success case of a junior developer achieving construction financing and production in a single-asset emerging jurisdiction, mirroring Cabral's intended trajectory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cabral Gold social profiles
Digital presenceCabral Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cabral Gold leadership team
Management profileNumber of profiles
Profiles7 records
Cabral Gold funding detail
Funding detailFunding overview
Funding rounds7 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cabral Gold M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cabral Gold
What does Cabral Gold do?
Cabral Gold is a junior gold mining company developing the Cuiú Cuiú Gold District in Brazil's Tapajós Region. The company is constructing a Phase 1 gold-in-oxide heap leach operation targeting 25,000 oz/year at all-in sustaining costs of US$1,210/oz with first production expected in Q4 2026. Once operational, the company will sell gold production to commodity markets (refineries and bullion banks), with oxide cash flow funding further exploration of the larger hard-rock resource base.
Is Cabral Gold a public or private company?
Cabral Gold is a public company. It is classified as public and is currently operating.
When was Cabral Gold founded?
Cabral Gold was founded in 2017. It employs 101 to 250 people.
Where is Cabral Gold based?
Cabral Gold is headquartered in Vancouver, Canada, in the North America region.
How does Cabral Gold make money?
Two revenue lines are on record. Gold Production and Sales are the primary driver. The others are exploration and Development.
Who are Cabral Gold's main competitors?
Direct peers on record are G Mining Ventures Corp, Serabi Gold plc and TriStar Gold Inc. Broad incumbents are Equinox Gold Corp, Hochschild Mining plc and IAMGOLD Corporation. Emerging players are GoldMining Inc, New Found Gold Corp, Wallbridge Mining Company Ltd and Lundin Gold Inc.
Does Cabral Gold have an API?
No public API is recorded for Cabral Gold.
What industry is Cabral Gold in?
Cabral Gold's product category is Gold Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.