30th May 2022 14:42
Serabi Gold PLC - London-based Brazil-focused gold miner - Posts increased profit in 2021 on the back of higher gold prices. Pretax profit grows to USD13.1 million from USD10.4 million in 2020. Revenue rises to USD63.1 million from USD55.8 million. Firm sold gold for an average price of USD1,776 per ounce in the year versus USD1,727 in 2020. Cash cost in 2021 rises slightly to USD1,090 per ounce from USD1,075 in 2020. Gold production for April was 2,919 ounces, "the highest monthly level so far in 2022," Serabi says. Gold production in May to be similar, it adds. Read More
