New Crux Interview14 Apr 2020 13:10
Hi guys, here is our latest interview with Serabi Gold on their 2019 figures. Watch here: https://www.youtube.com/watch?v=aUzyrvymZQU
The highlight being the cash position of USD$14.23M at the end of the year. Other notable numbers are Net cash USD$5M; the AISC at USD$1,081 up from 2018; EBITDA $17.2M; average gold price received of USD$1,376; total ore mined increased by 8% at average grade of 7%. The company continues to produce free cash flow and the Brazil Real exchange rate is also helping.
We also discuss the Q1/20 Operational Announcement. Feb production was impacted by an unexpected failure of a ball-mill, which was down for 2 weeks. However, the new ore-sorter, albeit in a test period, is delivering astonishing results. Hodgson gives an indication of the sorts of numbers it is delivering and can expect to continue delivering. The quarter ended up only slightly down on production forecast as a result.
Let us know your thoughts here and in the YouTube comment section!