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Share Price: 70.50

Bid: 69.00

Ask: 72.00

Change: 2.00 (2.92%)

Spread: 3.00 (4.348%)

Open: 68.50

High: 72.00

Low: 68.50

Prev. Close: 68.50

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IN BRIEF: Serabi Gold swings to profit; revenue climbs

Mon, 29th Apr 2024 20:48

Serabi Gold PLC - Brazil-focused gold mining and development company - Revenue rises to USD63.7 million in 2023 from USD58.7 million a year earlier. Swings to pretax profit of USD8.2 million from a loss of USD776,304. Gold production for the full year of 2023 increases to 33,153 ounces from 31,819 ounces.

Looking ahead, notes a "robust" first quarter, with 9,007 ounces of gold production. Outlines production guidance of between 38,000 and 40,000 ounces of gold for the 2024. For 2023 it had reported gold production of 33,153 ounces.

Current stock price: 67.00 pence, closed up 4.7% in London on Monday

12-month change: more than double from 27.50p

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

More News

13 Jul 2022 12:28

Serabi mines less gold in first half but expects to hit 2022 target

(Alliance News) - Serabi Gold PLC on Wednesday reported it produced less gold in the first half of the year but added it will meet its 2022 production target.

13 Jul 2022 09:37

Serabi reports 'strong improvement' in Q2 production

(Sharecast News) - Brazil-focussed gold developer and miner Serabi reported a "strong improvement" in production in its second quarter on Wednesday, with 8,418 ounces recovered.

10 Jul 2022 12:29

Sunday share tips: Serabi Gold, Domino's Pizza

(Sharecast News) - The Financial Mail on Sunday's Midas column recommended readers buy shares of Serabi Gold, telling them that production was recovering and that profits were set to soar.

5 Jul 2022 11:02

IN BRIEF: Serabi Gold finds copper deposit at Matilda asset in Brazil

Serabi Gold PLC - London-based Brazil-focused gold miner - Finds porphyry at Matilda prospect in the northern Brazilian state Para. "Assay results from the first-pass three-hole diamond drilling programme into the Matilda prospect confirm the discovery of a copper-silver-molybdenum porphyry system," it explains. Porphyry copper deposits can contain elements such as gold, silver and molybdenum.

30 Jun 2022 19:25

EARNINGS UPDATES: Bushveld loss widens; Scottish Investment assets up

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

22 Jun 2022 12:48

Serabi Gold reports more positive results from Coringa

(Sharecast News) - Brazil-focussed Serabi Gold reported further positive results from its Coringa development project in the Tapajos region of Para State on Wednesday, with initial ore sorting test work confirming amenability to the sorting of Coringa ore, with a "greater than three times" improvement in grade.

22 Jun 2022 11:59

IN BRIEF: Serabi Gold shares rise with good results at Coringa project

Serabi Gold PLC - London-based Brazil-focused gold miner - Confirms "amenability" to ore sorting with a greater than three times improvement in grade at its Coringa project from initial ore sorting test work. The development project is located in the Tapajos region of Brazil.

13 Jun 2022 14:19

Serabi Gold reports 'continued improvement' in Palito production

(Sharecast News) - Brazil-focussed miner Serabi Gold reported "continued improvement" in its production from its Palito Complex in the Tapajos region of Brazil's Para State on Monday.

30 May 2022 14:42

IN BRIEF: Serabi Gold annual profit up; ex-Chair Sean Harvey resigns

Serabi Gold PLC - London-based Brazil-focused gold miner - Posts increased profit in 2021 on the back of higher gold prices. Pretax profit grows to USD13.1 million from USD10.4 million in 2020. Revenue rises to USD63.1 million from USD55.8 million. Firm sold gold for an average price of USD1,776 per ounce in the year versus USD1,727 in 2020. Cash cost in 2021 rises slightly to USD1,090 per ounce from USD1,075 in 2020. Gold production for April was 2,919 ounces, "the highest monthly level so far in 2022," Serabi says. Gold production in May to be similar, it adds.

30 May 2022 14:39

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Serabi Share News (SRB)

Share Price Information for Serabi (SRB)

IN BRIEF: Serabi Gold swings to profit; revenue climbs

Serabi mines less gold in first half but expects to hit 2022 target

Serabi reports 'strong improvement' in Q2 production

Sunday share tips: Serabi Gold, Domino's Pizza

IN BRIEF: Serabi Gold finds copper deposit at Matilda asset in Brazil

EARNINGS UPDATES: Bushveld loss widens; Scottish Investment assets up

Serabi Gold reports more positive results from Coringa

IN BRIEF: Serabi Gold shares rise with good results at Coringa project

Serabi Gold reports 'continued improvement' in Palito production

IN BRIEF: Serabi Gold annual profit up; ex-Chair Sean Harvey resigns

Serabi Gold maintains strong production after year of growth

AIM WINNERS & LOSERS: Cake Box trading strong; Sensyne falls further

Serabi Gold trims guidance after weaker quarter at Palito

Serabi Gold shares fall as low gold production to hit full year

Serabi reports further positive progress at Palito

Serabi Gold reveals further gold mineralisation at Piaui prospect

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