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IN BRIEF: Serabi Gold swings to profit; revenue climbs

29th Apr 2024 20:48

Serabi Gold PLC - Brazil-focused gold mining and development company - Revenue rises to USD63.7 million in 2023 from USD58.7 million a year earlier. Swings to pretax profit of USD8.2 million from a loss of USD776,304. Gold production for the full year of 2023 increases to 33,153 ounces from 31,819 ounces.

Looking ahead, notes a "robust" first quarter, with 9,007 ounces of gold production. Outlines production guidance of between 38,000 and 40,000 ounces of gold for the 2024. For 2023 it had reported gold production of 33,153 ounces.

Current stock price: 67.00 pence, closed up 4.7% in London on Monday

12-month change: more than double from 27.50p

By Sophie Rose, Alliance News senior reporter

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Copyright 2024 Alliance News Ltd. All Rights Reserved.

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