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The latest announcement is out from Serabi Gold ( (GB:SRB) ).
Serabi Gold plc reported a significant financial performance for the year ending December 2024, with a 48% increase in revenue to $94.5 million and a 321% rise in post-tax profit to $27.8 million, driven by higher gold production and favorable gold prices. The company aims to ramp up production to 60,000 ounces by 2026 and over 100,000 ounces thereafter, supported by ongoing exploration and development projects, positioning itself for growth in the mid-tier mining sector.
More about Serabi Gold
Serabi Gold plc is a Brazilian-focused gold mining and development company. It operates primarily in the gold mining industry, with a focus on increasing production and expanding its resource base through exploration and development activities.
YTD Price Performance: 38.89%
Average Trading Volume: 755,490
Technical Sentiment Signal: Sell
Current Market Cap: £137.1M
See more insights into SRB stock on TipRanks’ Stock Analysis page.