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Serabi Gold ( (GB:SRB) ) has shared an announcement.
Serabi Gold has reported a fatal accident involving an underground traffic incident at its Palito Complex in Brazil on 30 January 2026, resulting in the death of one employee and no other injuries. The company has notified Brazilian authorities, who are conducting an investigation, and production in the affected area is expected to resume within days while overall mining operations remain otherwise unaffected. Management has expressed condolences to the family and colleagues of the deceased, highlighted that this is the second employee fatality in a short period despite a strong recent safety record, and pledged an immediate review of the effectiveness and safety of all operations, underscoring the heightened focus on workforce safety and potential scrutiny of its health and safety practices.
The most recent analyst rating on (GB:SRB) stock is a Buy with a £405.00 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.
The score is driven mainly by strong financial performance (high margins, earnings rebound, and very low leverage), supported by bullish technical trend signals. Valuation also contributes positively due to a low P/E, while the key risk factor is less consistent free cash flow and historical cyclicality.
To see Spark’s full report on GB:SRB stock, click here.
More about Serabi Gold
Serabi Gold plc is a gold exploration, development and production company focused on the Tapajós region in Pará State, northern Brazil. The group operates the Palito Complex, which has historically produced 30,000 to 40,000 ounces of gold annually, and is planning to increase output through construction of the Coringa Mine. Serabi has also reported a recent copper-gold porphyry discovery on its extensive exploration licences and is headquartered in the UK with a secondary office in Toronto, Canada.
Average Trading Volume: 366,871
Technical Sentiment Signal: Buy
Current Market Cap: £248M
For an in-depth examination of SRB stock, go to TipRanks’ Overview page.