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Cabral Gold ( (TSE:CBR) ) just unveiled an announcement.
Cabral Gold has appointed veteran mining executive Dr. Jon Gilligan as non-executive chair, strengthening the company’s leadership as it advances construction of its Phase 1 heap leach gold operation at the Cuiú Cuiú district in Brazil. Gilligan, who joined Cabral’s board in 2023 and has over 40 years’ global open-pit and heap leach mining experience with firms including Liberty Gold, Torex Gold, SSR Mining and BHP, has played a key role in establishing a technical committee that is guiding the current project build. Management highlighted that heap leach construction is progressing in Brazil with a clear path to initial production later this year, and indicated that Gilligan’s appointment is intended to reinforce governance, operational discipline and community engagement while the company seeks to pair near-term production with exploration aimed at realizing Cuiú Cuiú’s broader district-scale potential and long-term value creation for shareholders and local communities.
The most recent analyst rating on (TSE:CBR) stock is a Hold with a C$0.80 price target. To see the full list of analyst forecasts on Cabral Gold stock, see the TSE:CBR Stock Forecast page.
Spark’s Take on TSE:CBR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CBR is a Neutral.
The score is held back primarily by weak fundamentals: no revenue, persistent losses, and ongoing negative free cash flow despite a low-debt balance sheet. Technicals are a positive offset with a strong multi-timeframe uptrend and positive MACD, but valuation remains constrained by negative earnings and no dividend data.
To see Spark’s full report on TSE:CBR stock, click here.
More about Cabral Gold
Cabral Gold Inc. is a junior resource company focused on the identification, exploration and development of gold properties in Brazil. The company holds a 100% interest in the Cuiú Cuiú gold district in the Tapajós region of Pará state, northern Brazil, where three main gold deposits host significant NI 43-101 compliant indicated and inferred gold resources in both fresh basement and oxide material. The Tapajós Gold Province, where Cuiú Cuiú is located, is historically Brazil’s largest gold-rush area and Cuiú Cuiú was its largest placer gold workings, with an estimated 2 million ounces of historical placer production.
Average Trading Volume: 263,133
Technical Sentiment Signal: Buy
Current Market Cap: C$203M
Find detailed analytics on CBR stock on TipRanks’ Stock Analysis page.