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Serabi Gold
(LSE:SRB)
Serabi Gold (SRB) vs. iShares MSCI United Kingdom ETF (EWC)
Serabi Gold Business Overview & Revenue Model
Serabi Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.88M | 94.54M | 63.71M | 58.71M | 63.14M | 55.83M |
| Gross Profit | 46.53M | 39.55M | 14.05M | 7.87M | 19.33M | 16.54M |
| EBITDA | 45.15M | 37.22M | 15.15M | 9.21M | 19.48M | 15.23M |
| Net Income | 32.95M | 27.82M | 6.58M | -983.05K | 9.95M | 7.03M |
Balance Sheet | ||||||
| Total Assets | 143.80M | 124.90M | 115.25M | 100.24M | 90.68M | 76.24M |
| Cash, Cash Equivalents and Short-Term Investments | 26.50M | 22.18M | 11.55M | 7.20M | 12.22M | 6.60M |
| Total Debt | 0.00 | 5.95M | 6.55M | 6.95M | 735.01K | 9.08M |
| Total Liabilities | 23.79M | 20.72M | 22.45M | 18.71M | 10.79M | 18.49M |
| Stockholders Equity | 120.01M | 104.18M | 92.79M | 81.52M | 79.89M | 57.75M |
Cash Flow | ||||||
| Free Cash Flow | 16.14M | 11.93M | 4.72M | -9.31M | -3.30M | 4.67M |
| Operating Cash Flow | 39.20M | 30.88M | 12.09M | 1.96M | 14.80M | 14.56M |
| Investing Cash Flow | -22.39M | -18.39M | -6.74M | -10.96M | -23.21M | -15.76M |
| Financing Cash Flow | -925.33K | -885.34K | -1.27M | 3.89M | 14.24M | -5.38M |
Serabi Gold Technical Analysis
Serabi Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | £130.64M | 5.14 | 30.73% | ― | 42.36% | 270.33% | |
77 Outperform | £142.13M | 7.01 | 34.04% | ― | 45.63% | 126.68% | |
65 Neutral | £434.77M | 21.23 | 19.64% | ― | 11.45% | -83.99% | |
44 Neutral | C$969.59M | -6.68 | -13.73% | 2.50% | 17.55% | -32.57% | |
| £192.50M | ― | -22.65% | ― | ― | ― | ||
| £50.37M | ― | -18.95% | ― | ― | ― | ||
| £31.51M | ― | -4.28% | ― | ― | ― |
Serabi Gold Corporate Events
Serabi Gold plc announced that all resolutions were approved at its Annual General Meeting, reflecting strong shareholder support. This approval allows the company to continue its strategic plans, including potential capital investments and share allotments, which could enhance its operational capabilities and market position.
Serabi Gold plc announced significant achievements in 2024, including a 17% increase in production and advancements at its Coringa project, such as ore sorting and a renewed mining license. The company plans to increase production to 55,000 ounces in 2026 by improving ore grades rather than expanding processing capacity. Serabi is also conducting a $9M exploration program to expand its resource inventory and aims to achieve one-million-ounce gold deposits at both Palito and Coringa. The company is navigating licensing processes for Coringa and anticipates further growth supported by strong economic conditions and self-funded exploration.
Serabi Gold announced the vesting of 2022 Conditional Share Awards under its Long Term Incentive Plan, with a total of 482,528 new ordinary shares due to vest. The awards were based on performance criteria over a three-year period, including Total Shareholder Return, Return on Capital Employed, and Return on Sales. To minimize the issuance of new shares, the company opted for cash settlement based on the 20-day VWAP price. CEO Mike Hodgson purchased additional shares, demonstrating commitment to the company. This move aligns directors’ and shareholders’ interests and reflects a strong cash position, potentially impacting stakeholder confidence and market perception.
Serabi Gold has announced its Annual General Meeting (AGM) scheduled for June 26, 2025, in London, where shareholders will vote on various resolutions. The company highlights its achievements in 2024, including the renewal of a mining license and the commissioning of a classification plant at the Coringa mine, which are expected to support future growth. The directors recommend shareholders to vote in favor of the proposed resolutions, emphasizing their importance for the company’s success.
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.
Serabi Gold plc reported a significant financial performance for the year ending December 2024, with a 48% increase in revenue to $94.5 million and a 321% rise in post-tax profit to $27.8 million, driven by higher gold production and favorable gold prices. The company aims to ramp up production to 60,000 ounces by 2026 and over 100,000 ounces thereafter, supported by ongoing exploration and development projects, positioning itself for growth in the mid-tier mining sector.
Serabi Gold plc has appointed Mr. Colm Howlin as an Executive Director, effective immediately. Mr. Howlin, who has been with the company since 2013 and previously served as Chief Financial Officer, brings extensive experience and fluency in Brazilian Portuguese to the board. This appointment is part of Serabi’s strategic efforts to strengthen its leadership as it aims to expand its gold production capabilities in Brazil. The move is expected to enhance the company’s operational efficiency and bolster its market position in the gold mining industry.
Serabi Gold plc announced a significant change in its shareholder structure as Fratelli Investments Limited has reduced its stake in the company from 25.51% to 9.99%. This reduction follows a legally binding agreement to sell 11,752,903 ordinary shares, with completion expected by May 2, 2025. The transaction reflects a strategic shift in the company’s shareholder base, potentially impacting its market dynamics and investor relations.
Serabi Gold plc has announced a significant change in its shareholder structure following the sale of its shares by Greenstone Resources II LP. Greenstone has entered into agreements to sell a total of 19,083,394 ordinary shares in Serabi Gold, which will alter the voting rights and ownership distribution within the company. This move may impact Serabi Gold’s market positioning and stakeholder dynamics as the company adjusts to the new ownership landscape.
Serabi Gold plc has successfully placed approximately 20.7% of its issued capital with UK and European institutional investors, following the sale of shares by Greenstone Resources II LP and Fratelli Investments Limited. This strategic transaction, facilitated by brokers Peel Hunt LLP and Tamesis Partners LLP, aims to maintain market stability and shareholder value, while welcoming new investors and acknowledging the long-term support of Greenstone and Fratelli.
Serabi Gold plc announced the resignation of Carolina Margozzini, a non-executive director and representative of Fratelli Investments Limited, from its board. The company expressed gratitude for her contributions and wished her success in future endeavors. This board change may impact the company’s governance and stakeholder relations as it continues its operations and expansion plans in the Brazilian gold mining sector.
Serabi Gold plc has announced a significant acquisition of voting rights by Classe Roca Magma Multiestrategia Responsabilidade Limitada do SSF IV Coinvestmento I Fundo de Investimento em Participações, a Brazilian investment fund. This acquisition, which involves a 19.99% stake in Serabi Gold, highlights a strategic move that could impact the company’s governance and future decision-making processes, potentially influencing its market position and stakeholder interests.
Serabi Gold plc, a mining company, has announced a significant change in its shareholder structure. Greenstone Resources II LP has entered into an agreement to sell 15,146,902 ordinary shares in Serabi Gold, reducing its voting rights from 25.20% to 5.20%. This transaction is expected to be completed within 20 days, impacting the company’s shareholder dynamics and potentially its market positioning.
Serabi Gold plc has announced that Greenstone Resources II LP, a significant shareholder, has agreed to sell nearly 20% of its shares in Serabi to Starboard Asset Ltda, a private equity firm in Brazil. This transaction is expected to enhance Serabi’s shareholder base with Starboard’s local expertise, potentially reinforcing the company’s strategy and contributing to future value creation for stakeholders. Greenstone will retain a smaller stake in Serabi, while Starboard will become a major shareholder, reflecting a strategic shift in the company’s ownership structure.
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.