Q1-2025 Production Results, Operational Highlights and Board Change
Serabi Gold plc (“Serabi” or the “Company”) (AIM:SRB, TSX:SBI, OTCQX:SRBIF), the Brazilian focused gold mining and development company, is pleased to announce the Company’s first quarter production results and operating highlights for FY2025 (all financial amounts are expressed in U.S. dollars unless otherwise indicated).
Q1-2025 HIGHLIGHTS
- Gold production of 10,013 ounces, an 11% increase from Q1-2024.
- Cash as at 31 March 2025 of $26.5 million vs $22.2 million as at 31 December 2024.
- Net cash at quarter-end (after interest bearing loans and lease liabilities) of $21.1 million versus $16.2 million as at 31 December 2024.
- The Company remains on track to achieve 2025 consolidated production guidance of 44,000 – 47,000 ounces gold.
- Reported initial exploration update from the brownfield exploration opportunities at Palito Complex, Coringa Mine and São…
