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Serabi (SRB) Share News

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IN BRIEF: Serabi Gold Matilda drilling confirms copper mineralisation

8th Sep 2023 12:06

Serabi Gold PLC - Brazilian-focused gold mining and development company - Says 0.13 parts per million of gold were found at the Matilda copper project in Brazil in phase one of drilling. Adds 3,204 metres of diamond drilling have been completed in nine holes at Matilda. Says a further 3,200 metre phase two drilling programme started last month. The Matilda project is being developed as part of an exploration alliance between Serabi and Vale SA. Read More

IN BRIEF: Serabi Gold shares rise as interim profit doubles

31st Aug 2023 18:34

Serabi Gold PLC - Brazilian-focused gold mining and development company - Pretax profit in the first half of 2023 doubles to USD5.1 million from USD2.5 million a year prior. Revenue falls 2.2% to USD30.5 million from USD31.2 million. However, cost of sales decrease 11% to USD20.7 million from USD23.3 million. Total costs contract 12% to USD23.1 million from USD26.2 million. Looking ahead, Serabi says: "The most recent plans assume that during 2023 the group will continue gold production from its Palito complex operation as well as increase production from the Coringa mine and will be able to increase gold production to exceed the levels of 2022. " Read More

TRADING UPDATES: Spectral does not expect delay to Rosecliff deal

1st Aug 2023 19:45

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

TRADING UPDATES: Chapel Down sales pop; Serabi output rises

20th Jul 2023 20:06

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

UK shareholder meetings calendar - next 7 days

20th Jun 2023 15:44

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IN BRIEF: Serabi Gold hails gold find in Palito mine, northern Brazil

7th Jun 2023 14:16

Serabi Gold PLC - Brazil-focused gold mining and development company - Finds 44.75 grammes of gold per tonne from 337.85 metres at G3 vein in Palito mine in Tapajos region of Para state in northern Brazil. Chief Executive Officer Mike Hodgson says: "Underground drilling at the Palito Mine continues to deliver excellent results," adding "in 2023 we plan to complete the drilling of the northwest extension of the G3 Vein". Read More

IN BRIEF: Serabi Gold sees first-quarter revenue rise but profit dips

31st May 2023 18:31

Serabi Gold PLC - Brazil-focused gold mining and development company - Reports a pretax profit of USD1.5 million in three months ended March 31, down 15% from USD1.7 million the year prior. Revenue in the quarter climbs 4.3% to USD13.4 million from USD12.9 million as average gold price received rises to USD1,892 from USD1,844 year-on-year. Gold production in the quarter total 8,055 ounces. As a result, says company is on schedule for its 2023 annual production guidance of between 33,500 ounces and 35,000 ounces. Read More

Serabi signs deal for Brazilian exploration alliance with Vale

10th May 2023 11:56

(Alliance News) - Serabi Gold PLC on Wednesday said it has signed a strategic exploration deal with Vale SA, through its subsidiary Salobo Metais SA. Read More

Serabi Gold gets "very satisfying" production boost in first quarter

19th Apr 2023 11:54

(Alliance News) - Serabi Gold PLC on Wednesday hailed a "robust first quarter" with significant improvements in production, providing "an exciting platform for the year ahead". Read More

TRADING UPDATES: Equals to beat market forecasts; Pebble in line

17th Jan 2023 20:13

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

AIM WINNERS & LOSERS: Revolution Bars to hit lower end of guidance

17th Jan 2023 11:12

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More

John Menzies, Wentworth among top 2022 smaller cap stocks - Peel Hunt

13th Jan 2023 17:34

(Alliance News) - John Menzies and Wentworth Resources were the top performing selected smaller cap stocks in 2022, according to analysts at Peel Hunt. Read More

IN BRIEF: Serabi Gold on track to exceed annual gold output guidance

17th Oct 2022 08:16

Serabi Gold PLC - Brazil-focused gold miner - On Thursday last week, says total gold production for the third quarter totals 8,542 ounces, up from 8,418 ounces in the second quarter, but down from 9,035 ounces a year ago. Says this quarter saw "2,600 tonnes of higher-grade Coringa development ore transported to Palito, contributing 570 ounces of gold production for the quarter". Read More

TRADING UPDATES: AltynGold, Rambler Metals & Mining revenue grows

26th Sep 2022 20:22

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

IN BRIEF: Serabi Gold half-year profit falls 68% on cost of sales

2nd Sep 2022 06:58

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. Read More

IN BRIEF: Serabi Gold must prepare additional study at Coringa project

23rd Aug 2022 21:59

Serabi Gold PLC - London-based Brazil-focused gold miner - Says that an appeal has been upheld requiring the company to prepare an additional study to assess the impact of its activities at the Coringa Gold project in Brazil. Serabi had previously contested that this study was not a legal requirement. Read More

IN BRIEF: Serabi Gold shares up on gold production in Para, Brazil

17th Aug 2022 14:21

Serabi Gold PLC - London-based Brazil-focused gold miner - Says it's on track to meet its gold production guidance of 30,000 ounces of gold in 2022. Finds up to 302.37 grammes of gold per tonne at its Coringa project in the Tapajos region of Para, a state in northern Brazil. Says produced 2,703 ounces of gold in July. Read More

Serabi Gold appoints former EY partner Lynch-Bell as chair

8th Aug 2022 10:51

(Alliance News) - Serabi Gold PLC on Monday said it has appointed Michael Lynch-Bell as non-executive chair with immediate effect. Read More

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

13th Jul 2022 12:28

(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. Read More

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

5th Jul 2022 11:02

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. Read More

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