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Serabi Gold ( (GB:SRB) ) has issued an announcement.
Serabi Gold has reported updated mineral reserve and resource estimates for its Palito Complex and Coringa mines, showing consolidated measured and indicated resources rising 29% to about 731,000 ounces of gold and inferred resources up 50% to roughly 653,000 ounces. Proven and probable reserves at the Palito Complex have increased to 228,400 ounces, reflecting successful 2025 brownfield drilling and supporting ongoing underground operations.
Management said the results put the group roughly halfway toward its Phase 2 growth target, highlighting both the replenishment of Palito’s geological resource and stronger growth at the newer Coringa mine, which offers greater geological continuity and upside. Backed by a stronger balance sheet and cash generation, Serabi has already begun its 2026 brownfield exploration program in Brazil, with expectations for further resource growth and an updated NI 43-101 technical report for both Palito and Coringa to follow.
Spark’s Take on SRB Stock
According to Spark, TipRanks’ AI Analyst, SRB is a Outperform.
The score is driven by strong financial performance (high margins, improving earnings power, and very low leverage) and supportive valuation (low P/E). These positives are moderated by weaker technicals, with the stock trading below key short-term moving averages and muted momentum indicators.
To see Spark’s full report on SRB stock, click here.
More about Serabi Gold
Serabi Gold is a Brazil-focused gold mining and development company listed in London, Toronto and on OTCQX, operating the Palito Complex, which includes the Palito and São Chico underground mines, and advancing the Coringa gold project. The company targets high-grade, narrow-vein gold deposits and is pursuing a multi-year brownfield exploration-led growth strategy in the Tapajós region.
Average Trading Volume: 486,759
Technical Sentiment Signal: Buy
Current Market Cap: £242.4M
Find detailed analytics on SRB stock on TipRanks’ Stock Analysis page.