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Pin to quick picksSerabi Share News (SRB)

Share Price Information for Serabi (SRB)

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Share Price: 59.50
Bid: 59.00
Ask: 60.00
Change: 1.10 (1.88%)
Spread: 1.00 (1.695%)
Open: 59.00
High: 59.60
Low: 59.60
Prev. Close: 58.50
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AIM WINNERS & LOSERS: Revolution Bars to hit lower end of guidance

Tue, 17th Jan 2023 11:12

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Active Energy Group PLC, up 21% at 4.73 pence, 12-month range 0.0950p - 7.50p. The biomass-based renewable energy firm says 2022 has been an "extremely productive year" for the company. Says the Player Design Inc has started building its future CoalSwitch production facility in the US state of Maine. It is targeting initial production volumes at the facility of 35,000 tonnes per year, with the aim of increasing this during 2023 towards an annualised production rate of 100,000 tonnes per year. Notes that commercial discussion for CoalSwitch continue in a number of countries. Says prospective customers range from power generators to cement products in the US.

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Serabi Gold PLC, up 8.3% at 36.30 pence, 12-month range 21.36p - 62.50p. The Brazil-focused gold miner reports fourth quarter gold production of 7,798 ounces, taking its total annual production to 31,819 ounces. This exceeds its production guidance for 2022 of 30,000 ounces. Chief Executive Mike Hodgson says: "The fourth quarter has been somewhat transitional as we have been moving some mining crews and fleet from the Sao Chico orebody over to Coringa. To date, the Coringa deposit has been in a development phase and as we begin 2023 will we see the first production from stoping, and this will result in an increase in the level of Coringa ore being delivered to the Palito plant. It was therefore particularly pleasing to maintain steady mine output from Palito Operations, even with reduced levels of manpower and equipment."

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AIM - LOSERS

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Revolution Bars Group PLC, down 32% at 5.00 pence, 12-month range 5.00p - 24.50p. In the first half of 2022, reports like-for-like sales 9.4% below the same period pre-pandemic. As a result, the board reassess its expectations for financial 2023, which ends in June, assuming that industrial action subsides and energy prices hold at their current levels. It now expects earnings before interest, tax, depreciation and amortisation for the year lower than previously anticipated. It expects the figure at the bottom end of market expectations which it puts between GBP6.7 million to GBP10.5 million. More positively, in the Christmas trading period, sees like-for-like sales rise by double-digits against the previous year thanks to strong corporate party bookings. Like-for-like sales grew by 17% in the five weeks to December 31. The Christmas trading period was hurt by industrial action across the UK, Revolution Bars adds.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
12 Feb 2019 09:10

Serabi Gold employee dies after accident at Brazilian mine

(Sharecast News) - Mining outfit Serabi Gold revealed that an employee at its Palito gold mine in Brazil had died following an accident at the site.

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30 Jan 2019 10:30

Serabi Gold upbeat on outcome of recent drilling

(Sharecast News) - Brazil-focussed gold mining and development company Serabi Gold announced on Wednesday that exploration drilling conducted on its wholly-owned Coringa gold project returned multiple high-grade gold intersections on the Serra, Meio and Galena ore zones of the deposit.

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17 Jan 2019 09:48

Serabi Gold ends year on high with record quarterly production

(Sharecast News) - Brazil-focussed gold mining and development company Serabi Gold released the results and a review of its fourth quarter operational and exploration activities in the Tapajos region of Para State in northern Brazil on Thursday, reporting fourth quarter gold production of 10,256 ounces of gold.

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28 Nov 2018 15:53

Serabi Gold excited by survey results at Sao Chico

(Sharecast News) - Brazil-focussed gold mining and development company Serabi Gold announced the completion of a terrestrial induced polarisation (IP) geophysical survey on Wednesday, covering the strike extent of the Sao Chico structural corridor, with a number of "significant" chargeability anomalies identified.

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30 Oct 2018 09:20

Serabi Gold makes good progress in northern Brazil

(Sharecast News) - Brazil-focussed gold mining and development company Serabi Gold updated the market on its operational and exploration activities from its Palito Complex in the Tapajos region of Para State in northern Brazil on Tuesday, reporting third quarter production of 8,101 ounces of gold, with production for the year to date totalling 26,852 ounces.

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20 Sep 2018 10:51

Serabi Gold appoints Roney Almeida to new COO position

(Sharecast News) - Brazil-focussed gold mining and development company Serabi Gold announced the appointment of Roney Almeida to the newly-established position of chief operating officer on Thursday.

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23 Jul 2018 15:04

Serabi Gold pleased with second quarter progress

(Sharecast News) - Brazil-focussed gold mining and development company Serabi Gold reported gold production of 9,563 ounces for the second quarter of 2018 at its Palito Complex high grade gold operation in the Tapajos region of Para State, Northern Brazil on Monday.

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20 Jun 2018 10:21

Serabi Gold Reports Fatal Accident At Sao Chico Mine In Brazil

LONDON (Alliance News) - Serabi Gold PLC on Wednesday reported a fatality at its Sao Chico Mine in Brazil in a mining-related accident.The gold exploration company said the fatality the of

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23 Jan 2017 08:55

Serabi Gold Beats 2016 Production Guidance Despite Dip In 4th Quarter

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14 Nov 2016 12:36

Serabi Gold third quarter revenue almost doubles

(ShareCast News) - Brazil-focused gold mining and development company Serabi Gold reported record gold production for the third quarter of 2016, and cash costs of production for the year to date of $772 per ounce on Monday. The AIM and TSX traded firm reported revenue of $16.21m for the three months

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17 Oct 2016 12:27

Serabi Gold reaches record Q3 production at Brazil mines

(ShareCast News) - AIM-listed miner Serabi Gold reached record production for the third quarter at its two Brazil mines. The Palito and Sao Chico gold mines in Para State, northern Brazil reported a record quarterly gold production of 10,233 ounces for the third quarter, up from 9,896 ounces in the

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12 Aug 2016 08:19

Serabi Increases Profit On Higher Production, Prices And Lower Costs

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18 Jul 2016 09:06

Serabi Gold Keeps Guidance As Palito, Sao Chico Production Edges Up

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16 Jun 2016 11:43

Serabi Gold 'well on track' to full-year targets

(ShareCast News) - Brazil-focused gold mining and development company Serabi Gold held it annual general meeting on Thursday morning, with CEO Mike Hodgson telling investors that production for the second quarter at the Palito and Sao Chico mines was following the positive trends set in the first qu

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16 Jun 2016 11:20

EXTRA: Serabi Maintains Positive Production Trend In Second Quarter

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