Skip to content
Opens in a new window
Meridian Mining's Next Big Catalyst: Financing Cabaçal
22 October 2026

Meridian Mining's Next Big Catalyst: Financing Cabaçal

Mining Stock Daily

About

Meridian Mining CEO Gilbert Clark joins Trevor Hall during LME Week in London to discuss the market's response to the definitive feasibility study for the Cabaçal copper-gold project in Brazil. With an after-tax NPV exceeding $2 billion and an IRR of 108%, Meridian is now advancing project financing and commercial discussions with smelters and trading houses. Clark outlines the company's path toward construction, targeting initial ramp-up in late 2028 and free cash flow in 2029. The conversation also covers the strategic value of Cabaçal's high-quality copper concentrate, financing considerations, Brazil's political landscape, and plans to significantly expand exploration spending across Meridian's broader copper-gold portfolio.