Serabi Gold Delivers Strong Q1 2025 Performance with Higher Production and Profit

PUBLISHED: 29 May 2025 @ 18:23 | Comments (0) | More info about Fiona Craig

Serabi Gold plc (LSE:SRB) released robust unaudited interim results for the first quarter of 2025, highlighting a significant rise in gold production and improved financial outcomes year-over-year. The company produced 10,013 ounces of gold, marking an 11% increase compared to Q1 2024. Post-tax profit surged to $8.8 million from $3.6 million, supported by an average realized gold price of $2,908 per ounce. EBITDA rose substantially to $12.4 million, while cash reserves strengthened to $26.5 million. Additionally, Serabi Gold launched a $9 million exploration initiative targeting resource expansion at its Palito and Coringa sites, positioning the company for sustained growth.

The company’s financial stability and strategic growth efforts are backed by positive corporate developments and favorable valuation metrics. Although technical indicators show a steady outlook, strong upward momentum remains limited. Overall, Serabi Gold is well-placed for ongoing success within the gold sector, with continued attention needed on liabilities and market conditions.

About Serabi Gold

Serabi Gold plc is a Brazil-based gold mining and exploration company focused on the Palito and Coringa sites. The company specializes in the production and development of gold resources, aiming to expand its footprint through exploration and operational efficiency.

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