Serabi Gold (GB:SRB) has released an update.
Serabi Gold reports a robust financial performance in the first half of 2024, with EBITDA soaring to $13.0 million, marking a 96% increase from the previous year. The company’s gold production has risen to 18,010 ounces, and significant investments in development and equipment are paving the way for future production growth. Despite the increased mine development costs impacting All-In Sustaining Costs (AISC), the company maintains a strong cash position and is progressing well with the installation of new ore sorting technology.
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