14th Jul 2025 07:01
Serabi Gold PLC - Brazil-focused gold miner - Gold production climbs 17% on-year to 10,532 ounces in the second quarter of 2025, from 9,003 oz. Cash as at June 30 is at USD30.4 million, up 15% from USD26.5 million at March 31. Reaffirms outlook for a gold production of 44,000 to 47,000 ounces, which would be at least 17% higher than 37,520 oz in 2024. Chief Executive Officer Mike Hodgson says: "We are enjoying excellent operational performance, strong prevailing gold prices, cash growth and anticipate further success. Our production profile will see greater quarterly production in Q3 and Q4 to reach guidance. With this as a foundation to what we anticipate will be a successful period of organic growth to look forward to in the second half of 2025."
Current stock price: 191.00 pence, closed 5.2% higher on Friday in London
12-month change: up sharply from 65.00p on July 15, 2024
By Tom Budszus, Alliance News slot editor
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