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The latest update is out from Cabral Gold ( (TSE:CBR) ).
Cabral Gold Inc. has made significant progress in its Cuiú Cuiú gold district in Brazil, with two drill rigs working to upgrade resources and explore new targets. The company is also updating its PFS to optimize costs and potentially increase reserves, while discussions on project financing continue. The appointment of a new VP for Project Development marks a strategic shift towards becoming a junior producer, with a focus on expanding the resource base and achieving near-term cash flow through a heap-leach starter operation.
More about Cabral Gold
Cabral Gold Inc. operates in the mining industry, focusing on gold exploration and development projects. The company is primarily engaged in the exploration of gold properties in Brazil, with a key focus on the Cuiú Cuiú gold district in northern Brazil.
YTD Price Performance: 28.12%
Average Trading Volume: 129,407
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $40.12M
For an in-depth examination of CBR stock, go to TipRanks’ Stock Analysis page.
