About this episode
Cabral Gold (TSXV: CBR) CEO Alan Carter says the company has achieved a major milestone with the granting of the Licença Prévia (“LP”) for the Full Mining License at Cuiú Cuiú Gold District, in the state of Pará, Brazil. “The trial mining licenses actually have a limit, so we can only mine about half a million tons a year, or about 1,500 tons a day,” he explained. “With the full mining license, there is no limit, so we can expand this to the full design capacity of 3,000 tons a day and way beyond that.”“I think there's a good chance we will expand this once we get it up and running in about six months’ time.”Carter said the company has approximately CAD$40 million in cash, and while they’re spending on the mine construction, they’re continuing to move forward with further exploration as well. “We're building a mine, but we still have our foot on the accelerator in terms of the exploration program,” he said. “We've basically split our workforce in two, so we've got adedicated construction team and a dedicated exploration team, and the exploration team is going full-tilt all the way through the construction, and are producing some excellent results.”Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews.To learn more about Cabral Gold, visit: https://cabralgold.com/00:00 - Introduction00:19 - Impact of the Full Mining License04:23 - Advancement of Phase One06:14 - Risk Management of Civil Works07:32 - Critical Path to Commercial Production08:57 - Advancement of Phase Two12:01 - Financial Impacts of Iran Conflict on Development14:03 - Logistical Impacts of Iran Conflict on Development15:31 - Latest Drill Results19:17 - Prioritizing and Targeting Exploration 21:40 - Current Financial Position of the Company__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - / kitcomining LinkedIn - / kitco-mining Facebook - / kitcomining Connect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed i
