Serabi Gold (GB:SRB) has released an update.
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Serabi Gold’s financial performance for the first nine months of 2024 has been impressive, with a substantial increase in EBITDA to $24.7 million, a 42% rise from the previous quarter. The company’s cash balance reached $20 million, driven by strong cash generation and inventory realisation, while gold production increased to 27,499 ounces. With the Coringa plant becoming operational, Serabi Gold is poised for continued production growth.
For further insights into GB:SRB stock, check out TipRanks’ Stock Analysis page.
