Serabi Gold Reports Strong Q1 2025 Results with Increased Production and Profit

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

Serabi Gold plc reported strong unaudited interim results for Q1 2025, with a notable increase in gold production and financial performance compared to the previous year. The company produced 10,013 ounces of gold, an 11% increase from Q1 2024, and achieved a post-tax profit of $8.8 million, up from $3.6 million. The average gold price received was $2,908 per ounce, contributing to a significant rise in EBITDA to $12.4 million. The company’s cash position improved to $26.5 million, and it commenced a $9 million exploration program aimed at expanding resources at its Palito and Coringa sites, positioning Serabi Gold for continued growth.

Spark’s Take on GB:SRB Stock

According to Spark, TipRanks’ AI Analyst, GB:SRB is a Outperform.

Serabi Gold demonstrates robust financial health and a strategic focus on growth, supported by strong corporate events and attractive valuation. Technical analysis shows stability but lacks strong upward momentum. Overall, the company is well-positioned for future success in the gold industry, though monitoring of liabilities and market trends is advisable.

To see Spark’s full report on GB:SRB stock, click here.

More about Serabi Gold

Serabi Gold plc is a gold mining and development company focused on operations in Brazil. The company primarily engages in the production and exploration of gold, with its main operations centered around the Palito and Coringa sites.

Average Trading Volume: 759,494

Technical Sentiment Signal: Buy

Current Market Cap: £140.8M

Learn more about SRB stock on TipRanks’ Stock Analysis page.