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Serabi Gold Produces Over 10,000 Ounces Of Gold In First Quarter

Mon, 15th Apr 2019 12:41


LONDON (Alliance News) - Serabi Gold PLC on Monday said it had a "strong start" to 2019 with gold production in the first quarter over 10,000 ounces.

The Brazilian-focused gold miner produced 10,164 ounces of gold in the first quarter, the second successive quarter over 10,000. In the first quarter a year ago, Serabi produced 9,188 ounces of gold.

Mine tonnage totalled 42,609 tonnes at 7.47 grams per tonne of gold.

Chief Executive Officer Mike Hodgson said: "With production for the first quarter of 10,164 ounces of gold, this has been another excellent quarter and continues the momentum of the fourth quarter of 2018 when we also produced over 10,000 ounces in the quarter."

"This is the first time that the operations have achieved two successive quarters with gold production above 10,000 ounces and puts the company in a strong position to meet its 2019 production guidance and significantly improve on the 2018 production level of 37,108 ounces of gold," Hodgson added.

Serabi shares were trading down 1.3% at 38.00 pence each on Monday.

By Elena Cherubini; elenacherubini@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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