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Serabi Gold PLC - Brazil-focused gold miner - On Wednesday reports interim profit falls on growing costs. Pretax profit in the six months to June 30 falls 68% to USD2.5 million from USD7.9 million a year prior. Revenue falls by 4.0% to USD31.2 million from USD32.5 million. Cost of sales surge 27% to USD23.3 million from USD18.4 million.
Gold production falls to 15,480 ounces from 17,361 ounces, London-based firm says. Cash cost per ounce of production jumps 43% to USD1,415 from USD991.
Current stock price: 30.75 pence
12-month change: down 52%
By Tom Budszus; tombudszus@alliancenews.com
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