Serabi Share News (SRB)

IN BRIEF: Serabi Gold Matilda drilling confirms copper mineralisation

Serabi Gold PLC - Brazilian-focused gold mining and development company - Says 0.13 parts per million of gold were found at the Matilda copper project in Brazil in phase one of drilling. Adds 3,204 metres of diamond drilling have been completed in nine holes at Matilda. Says a further 3,200 metre phase two drilling programme started last month. The Matilda project is being developed as part of an exploration alliance between Serabi and Vale SA.

IN BRIEF: Serabi Gold shares rise as interim profit doubles

Serabi Gold PLC - Brazilian-focused gold mining and development company - Pretax profit in the first half of 2023 doubles to USD5.1 million from USD2.5 million a year prior. Revenue falls 2.2% to USD30.5 million from USD31.2 million. However, cost of sales decrease 11% to USD20.7 million from USD23.3 million. Total costs contract 12% to USD23.1 million from USD26.2 million. Looking ahead, Serabi says: "The most recent plans assume that during 2023 the group will continue gold production from its Palito complex operation as well as increase production from the Coringa mine and will be able to increase gold production to exceed the levels of 2022. "

TRADING UPDATES: Spectral does not expect delay to Rosecliff deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Chapel Down sales pop; Serabi output rises

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

IN BRIEF: Serabi Gold hails gold find in Palito mine, northern Brazil

Serabi Gold PLC - Brazil-focused gold mining and development company - Finds 44.75 grammes of gold per tonne from 337.85 metres at G3 vein in Palito mine in Tapajos region of Para state in northern Brazil. Chief Executive Officer Mike Hodgson says: "Underground drilling at the Palito Mine continues to deliver excellent results," adding "in 2023 we plan to complete the drilling of the northwest extension of the G3 Vein".

IN BRIEF: Serabi Gold sees first-quarter revenue rise but profit dips

Serabi Gold PLC - Brazil-focused gold mining and development company - Reports a pretax profit of USD1.5 million in three months ended March 31, down 15% from USD1.7 million the year prior. Revenue in the quarter climbs 4.3% to USD13.4 million from USD12.9 million as average gold price received rises to USD1,892 from USD1,844 year-on-year. Gold production in the quarter total 8,055 ounces. As a result, says company is on schedule for its 2023 annual production guidance of between 33,500 ounces and 35,000 ounces.

Serabi cash, earnings rise slightly in first quarter

(Sharecast News) - Brazil-focussed gold miner and developer Serabi reported total first quarter production of 8,055 ounces on Wednesday.

Serabi Gold enters strategic alliance with Vale

(Sharecast News) - Brazil-focussed gold miner and developer Serabi Gold announced the signing of a strategic exploration alliance with Vale on Wednesday, aimed at discovering large-scale copper projects in the Tapajos region of Para in Brazil.

Serabi signs deal for Brazilian exploration alliance with Vale

(Alliance News) - Serabi Gold PLC on Wednesday said it has signed a strategic exploration deal with Vale SA, through its subsidiary Salobo Metais SA.

Serabi confident after year of lower production

(Sharecast News) - Brazil-focussed miner and developer Serabi Gold reported full-year 2022 revenue of $58.7m, down from $63.1m in 2021 due to lower production.

Serabi Gold reports solid first-quarter production

(Sharecast News) - Brazil-focussed miner and developer Serabi Gold reported first-quarter gold production of 8,005 ounces on Wednesday - a 13% improvement from the same period last year.

Serabi Gold gets "very satisfying" production boost in first quarter

(Alliance News) - Serabi Gold PLC on Wednesday hailed a "robust first quarter" with significant improvements in production, providing "an exciting platform for the year ahead".

Serabi reports further progress from Coringa project

(Sharecast News) - Brazil-focussed miner and developer Serabi Gold updated the market on its Coringa project on Wednesday, located in the Tapajos region of Para state in Brazil.

TRADING UPDATES: Equals to beat market forecasts; Pebble in line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: