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Serabi Gold ( (GB:SRB) ) has shared an update.
Serabi Gold plc announced a successful year in 2024 with a significant increase in gold production, reaching 37,520 ounces, which marks a 13.2% rise compared to 2023. The company achieved notable milestones such as the commissioning of the Coringa classification plant and ended the year with a strong cash position of $22.2 million. The production guidance for 2025 is set between 44,000 to 47,000 ounces, indicating an optimistic outlook for continued growth. The improvement in mining grades and operational efficiency at the Palito Complex and Coringa mine are expected to contribute significantly to this growth.
More about Serabi Gold
Serabi Gold plc is a gold exploration, development, and production company focused on the Tapajós region in Pará State, northern Brazil. The company consistently produces between 30,000 to 40,000 ounces annually with the Palito Complex and aims to double production through the Coringa Gold project.
YTD Price Performance: 14.81%
Average Trading Volume: 349,810
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £97.7M
For an in-depth examination of SRB stock, go to TipRanks’ Stock Analysis page.
