Serabi Gold Plc (UK) (GB:SRB) has released an update.
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Serabi Gold Plc has reported a robust start to 2024, with a 12.5% increase in gold production during the first quarter, reaching 9,007 ounces—the highest since 2021—driven by strong performance at its Coringa and Palito sites. The company maintains its 2024 production guidance of 38,000 to 40,000 ounces of gold. Financially, Serabi Gold ended the quarter with $11.1 million in cash, slightly down from $11.6 million at the end of the previous year, and expects further post-quarter sales revenue.
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