Cabral Gold Secures $45M Loan to Fund Cuiú Cuiú Gold Project

The latest announcement is out from Cabral Gold ( (TSE:CBR) ).

Cabral Gold Inc. has secured a US$45 million gold loan from Precious Metals Yield Fund to fully fund the construction of its Cuiú Cuiú Heap Leach gold starter project. This financial arrangement allows Cabral to advance its early works program into full construction, aiming for the first gold pour by the end of 2026. The loan provides financial flexibility, enabling the continuation of exploration drilling to expand the hard rock resource base at Cuiú Cuiú. The project is expected to be completed in 12 months, with significant financial metrics including a post-tax IRR of 78% and a payback period of 10 months, enhancing Cabral’s operational capabilities and market positioning.

Spark’s Take on TSE:CBR Stock

According to Spark, TipRanks’ AI Analyst, TSE:CBR is a Neutral.

Cabral Gold’s overall stock score reflects substantial financial challenges, with no revenue generation and increasing losses weighing down the score. While recent financing and exploration successes offer potential upside, the lack of earnings and dividends, combined with poor valuation metrics, remain significant drawbacks. The short-term technical momentum and positive corporate events provide some support, but the company’s long-term sustainability remains uncertain without strategic improvements in financial performance.

To see Spark’s full report on TSE:CBR stock, click here.

More about Cabral Gold

Cabral Gold Inc. operates in the mining industry, focusing on the exploration and development of gold properties. The company is primarily engaged in the development of the Cuiú Cuiú gold project in Brazil, aiming to expand its gold resource base and enhance its market position in the precious metals sector.

Average Trading Volume: 212,368

Technical Sentiment Signal: Buy

Current Market Cap: C$126.1M

For an in-depth examination of CBR stock, go to TipRanks’ Overview page.