Serabi Gold Reports Impressive Financial Results and Sets Ambitious Growth Targets

PUBLISHED: 30 Apr 2025 @ 18:06 | Comments (0) | More info about Fiona Craig

Serabi Gold plc (LSE:SRB) has announced a strong financial performance for the year ending December 2024, with revenue surging by 48% to $94.5 million. The company also reported a remarkable 321% increase in post-tax profit, reaching $27.8 million. This growth was largely driven by increased gold production and favorable gold prices. Looking ahead, Serabi Gold plans to scale up its production capacity to 60,000 ounces by 2026, with a longer-term target of surpassing 100,000 ounces annually. This ambitious growth is supported by ongoing exploration and development projects, positioning the company for success in the mid-tier mining sector.

About Serabi Gold

Serabi Gold plc is a gold mining and development company with a strong focus on Brazil. The company is committed to increasing its gold production and expanding its resource base through both exploration and development initiatives, aiming to solidify its position in the global mining market.

Year-to-Date Price Performance: +38.89%
Average Daily Trading Volume: 755,490 shares
Technical Sentiment: Sell
Market Capitalisation: £137.1 million

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