Serabi Gold Reports Strong Q1 2025 Production and Operational Progress

Serabi Gold ( (GB:SRB) ) just unveiled an update.

Serabi Gold plc reported a strong start to 2025 with a gold production of 10,013 ounces in the first quarter, marking an 11% increase from the previous year. The company improved its cash position to $26.5 million and net cash to $21.1 million by the end of March 2025. The Coringa Mine’s first full operational quarter contributed to a 10% improvement in plant feed grades. The company is on track to meet its annual production guidance of 44,000 to 47,000 ounces of gold. Additionally, Serabi Gold is advancing its exploration efforts at the Palito Complex and Coringa Mine, aiming to double its mineral resource inventory. The company is considering mechanisms to return capital to shareholders, reflecting its strong operational performance and favorable gold prices. A board change was announced with the resignation of non-executive director Mark Sawyer.

More about Serabi Gold

Serabi Gold plc is a gold exploration, development, and production company focused on the Tapajós region in Para State, northern Brazil. The company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and plans to double production with the Coringa Gold project. Serabi Gold recently discovered a copper-gold porphyry on its exploration license. The company is headquartered in the UK with a secondary office in Toronto, Canada.

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Technical Sentiment Signal: Strong Sell

Current Market Cap: £123.4M

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