IN BRIEF: Serabi Gold shares surge as Coringa trial licence renewed
Serabi Gold PLC - Brazil-focused gold mining and development company - National Mining Agency issues three-year renewal of Serabi's trial mining licence for its Coringa mine in north-central Brazil. New licence permits transportation of up to 50,000 tonnes of ore per year from Coringa for processing at Serabi's Palito Complex. Brazil's State Secretariat for Environment & Sustainability, or SEMAS, continues to analyse Serabi's application for the installation licence. Company is now permitted to install the planned crusher and ore sorter, expecting the latter to be operational by the fourth quarter. Serabi notes the agreement reached in July with the Bau indigenous territory's communities, which saw Kabu Institute and Mantino Indigenous Association representatives confirming their support for Coringa's long-term development. Read More