Serabi Gold Announces Significant Discoveries in 2025 Drilling Campaign

Serabi Gold ( (GB:SRB) ) has shared an announcement.

Serabi Gold has provided an update on its 2025 brownfield drilling campaigns at the Palito Complex and Coringa Mine, as part of its strategy to increase its annual gold production to over 100,000 ounces. The company has discovered a new orebody at Coringa’s Serra South zone and made significant extensions to existing orebodies at both Coringa and Palito. The drilling program aims to expand the company’s mineral inventory from approximately 1 million ounces to over 1.5 million ounces by the end of 2025, with plans to update the Mineral Resource Estimate in early 2026. These developments are expected to enhance Serabi’s resource growth and long-term value for shareholders.

The most recent analyst rating on (GB:SRB) stock is a Buy with a £209.00 price target. To see the full list of analyst forecasts on Serabi Gold stock, see the GB:SRB Stock Forecast page.

Spark’s Take on GB:SRB Stock

According to Spark, TipRanks’ AI Analyst, GB:SRB is a Outperform.

Serabi Gold’s overall stock score of 78.6 is driven by strong financial performance and positive corporate events, indicating robust growth potential and strategic alignment. The technical analysis shows stable momentum, and the low P/E ratio further enhances its appeal as an undervalued investment.

To see Spark’s full report on GB:SRB stock, click here.

More about Serabi Gold

Serabi Gold plc is a Brazilian-focused gold mining and development company, primarily engaged in the exploration and production of gold. The company’s main operations are located in the Tapajós region of Pará State, Northern Brazil, with a focus on the Palito Complex and Coringa Mine.

Average Trading Volume: 297,227

Technical Sentiment Signal: Buy

Current Market Cap: £162.8M

For detailed information about SRB stock, go to TipRanks’ Stock Analysis page.