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  2. Share Prices
  3. Serabi Share Price
  4. Serabi Share News
  5. Shares jump as Serabi Gold completes dewatering of Palito mine

Pin to quick picksSerabi Share News (SRB)

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Share Price Information for Serabi (SRB)

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Share Price: 65.00
Bid: 63.00
Ask: 65.00
Change: 1.50 (2.36%)
Spread: 2.00 (3.175%)
Open: 63.50
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Shares jump as Serabi Gold completes dewatering of Palito mine

Mon, 25th Feb 2013 13:13

Shares in AIM-listed Serabi Gold rose on Monday after the Brazil-focused gold mining and exploration company published its second operational update on mining operations at its high-grade Palito gold mine in Para state.The company reported that it had completed dewatering of the mine in January and a new mine management and technical team commenced in mid-January. The first items of mining fleet, as well as initial contract mining personnel, arrived at the site on February 15th. The company further reported that remediation of the crushing and flotation sections of the process plant were underway.Together with the completion of the mine dewatering in January 2013, the company also finalised the recruitment of an experienced mine management and technical team who will oversee all aspects of the planning, rehabilitation and underground operational mining activities at the Palito Mine. CEO: dewatering was 'first milestone' to be achievedMike Hodgson, Chief Executive Officer of Serabi Gold, said: "Dewatering the mine was the first milestone to be achieved, and being ahead of schedule has allowed the company to begin, earlier than originally planned, the next key phase of mine remediation and development."The placing of orders for long lead items and their early arrival along with the first mining contractors gives us the opportunity to commence development mining ahead of the timetable anticipated by the PEA [Palito Project] study. "I am delighted that we have been able to recruit an excellent mining management team with a collective experience in narrow vein mining of over 70 years. Their impact is already clearly being seen in the progress that we are making at Palito. Our intention remains to generate a stockpile ahead of starting up the process plant, which we still anticipate will occur during the latter part of the fourth quarter of 2013".Serabi's share price was up 4.11% to 9.50p at 12:57 on Monday.MF
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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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