Serabi Gold (GB:SRB) has released an update.
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Serabi Gold’s financial performance for the first nine months of 2024 has been impressive, with a substantial increase in EBITDA to $24.7 million, a 42% rise from the previous quarter. The company’s cash balance reached $20 million, driven by strong cash generation and inventory realisation, while gold production increased to 27,499 ounces. With the Coringa plant becoming operational, Serabi Gold is poised for continued production growth.
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