Serabi Gold (GB:SRB) has released an update.
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Serabi Gold has reported a strong financial performance for the first nine months of 2024, with a notable increase in EBITDA to $24.7 million, marking a 42% improvement from the previous quarter. The company’s cash balance grew to $20 million, supported by inventory sales and the operational Coringa classification plant, which boosted gold production. This financial success has been reflected in a profit per share increase to 23.55 cents, compared to 6.10 cents in the same period last year.
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