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Serabi Gold ( (GB:SRB) ) just unveiled an announcement.
Serabi Gold has successfully commissioned the classification plant at its Coringa Gold Operation in Brazil, a significant step towards its goal of increasing annual production to 60,000 ounces by 2026. This development is expected to enhance the company’s operational performance in the fourth quarter of 2024 and support its broader strategy of resource expansion at both the Coringa and Palito sites, with plans for a substantial exploration program funded by free cash flow and a strong cash position.
More about Serabi Gold
Serabi Gold plc is a gold exploration, development, and production company focused on the Tapajós region in Para State, northern Brazil. The company consistently produces 30,000 to 40,000 ounces of gold annually from the Palito Complex and aims to double production with its Coringa Gold project. Serabi Gold recently discovered a copper-gold porphyry and operates from its headquarters in the United Kingdom with an office in Toronto, Canada.
YTD Price Performance: 168.18%
Average Trading Volume: 343,894
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £89.37M
See more insights into SRB stock on TipRanks’ Stock Analysis page.
