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An announcement from Cabral Gold ( (TSE:CBR) ) is now available.
Cabral Gold Inc. reported significant progress in 2024 at the Cuiú Cuiú gold district, including the discovery of high-grade gold at the Machichie NE target and the completion of a pre-feasibility study for an initial starter operation. This study reveals a financially promising opportunity with an after-tax IRR of 47.3% and an NPV of US$25.2 million. Additionally, the company identified a new gold-in-oxide blanket at Jerimum Cima, confirmed high-grade material at the Central gold deposit, and made advancements at the Machichie Main zone. These developments are expected to enhance the company’s exploration efforts and financial stability while minimizing reliance on equity financing.
More about Cabral Gold
Cabral Gold Inc. is a company in the mining industry focused on gold exploration and development. The company primarily operates in the Cuiú Cuiú gold district in northern Brazil and is engaged in discovering and developing gold deposits.
YTD Price Performance: -3.12%
Average Trading Volume: 167,983
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $30.73M
Learn more about CBR stock on TipRanks’ Stock Analysis page.
