Serabi Gold Plc (UK) (GB:SRB) has released an update.
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Serabi Gold Plc reported a strong financial year with a revenue increase to $63.7 million in 2023 from $58.7 million in 2022, alongside a boost in gold production and a significant improvement in EBITDA to $13.78 million. The company also turned around its fortunes with a post-tax profit of $6.58 million, compared to a loss in the previous year, and ended the year with $11.6 million in cash reserves. Highlighting a robust start to 2024, Serabi Gold anticipates producing between 38,000 and 40,000 ounces of gold.
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