IN BRIEF: Serabi Gold's Third Quarter Output Drops Year-On-Year

Thu, 22nd Oct 2020 21:23

Serabi Gold PLC - Brazil-focused gold mining and development company - For the third quarter of 2020, gold production dropped to 7,224 ounces from 10,187 ounces the year before. For the first nine months of 2020, output was 24,478 ounces.

Looking ahead, expects fourth quarter production guidance of 8,000 ounces, with full-year guidance at 33,000 ounces, down from 37,108 ounces the year before.

Current stock price: 92.88 pence

Year-to-date change: up 42%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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