Cabral Gold Inc. (TSXV: CBR; OTCQX: CBGZF) has completed its first sale of doré from the Cuiú Cuiú Gold District in Pará, Brazil, selling more than 2,400 ounces of gold at an average realized net price of over $4,200 per ounce, according to a press release issued today.
The company said the sale to a Brazilian refinery confirms that its mine-to-market supply chain is operational. The project remains on schedule and within budget for commercial production in the fourth quarter of 2026.
Operations at the dry plant have transitioned to 24-hour operations across two shifts. Mining activities continue primarily on a 12-hour schedule, with accumulated run-of-mine ore stockpiles being used to supply the dry plant during the night shift.
The project has recorded 664,800 combined work hours in 2026, with one Lost Time Incident, resulting in a Lost Time Injury Frequency Rate of 0.30 per 200,000 hours worked.
Cabral Gold owns a 100% interest in the Cuiú Cuiú Gold District. The property hosts NI 43-101-compliant indicated resources of 12.29 million tonnes grading 1.14 grams of gold per tonne in fresh basement material, as well as 13.56 million tonnes grading 0.50 grams of gold per tonne in oxide material.
The company's Phase 1 gold-in-oxide heap leach operation is based on an NI 43-101 preliminary feasibility study technical report.
Alan Carter, the company's President and CEO, said the milestone reflects the performance of the Brazilian operations team and confirms that key components of the operational supply chain are now in place.
The Cuiú Cuiú District has historically been one of the largest placer mining areas in the Tapajós region. According to estimates from Brazil's National Mining Agency, the area produced between 30 million and 50 million ounces of placer gold from 1978 to 1995.