Alan Carter, CEO of Cabral Gold, joins Kitco Mining’s Paul Harris at the 2026 Precious Metals Summit in Beaver Creek to discuss how first production at the Cuiú Cuiú Gold District in Brazil is changing the company’s growth outlook.
Speaking on September 25, 2026, Carter said Cabral had brought its Phase 1 oxide operation into production two months ahead of schedule and expected roughly 25,000 ounces of gold in its first 12 months. The July 2025 PFS outlined all-in sustaining costs of about $1,210 per ounce using a $2,500 gold price. With gold substantially higher, Carter said, “The operation next year should throw off about 75 million US dollars in free cash,” potentially allowing Cabral to accelerate repayment of its gold loan.
Cabral is also planning to double Phase 1 capacity from 3,000 to 6,000 tonnes per day, advance a PEA on the larger Phase 2 hard-rock project and update its global resource by year-end. Six deposits are now being modeled, with more than 50 additional exploration targets across Cuiú Cuiú.
On September 30, Cabral announced that it had completed its first gold sale, selling more than 2,400 ounces at an average net realized price above $4,200 per ounce. The company said the project remained on time and on budget for commercial production in Q4 2026.
To learn more about Cabral Gold and its latest production updates, visit: https://cabralgold.com/
Sponsored content. This video was produced with support from a Kitco sponsor. Kitco does not endorse or recommend any company, security, investment product, or investment strategy. This content is for informational purposes only and should not be considered investment advice.
00:21 - Phase 1 Ramp-Up and Q4 Commercial Production
01:52 - 25K Oz First-Year Output and Higher Gold Margins
03:15 - Faster Payback and Gold Loan Repayment
06:01 - Year-End Resource Update and New Discoveries
07:06 - Doubling Phase 1 From 3,000 to 6,000 TPD
08:58 - Phase 2 Hard-Rock Project and PEA Plans
10:05 - 50+ Exploration Targets Across Cuiú Cuiú
12:28 - Commercial Production, Expansion and 2027 Catalysts
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