Serabi Gold (SRB)

Sector:

Mining

Index:

FTSE AIM All-Share

67.50p
   
  • Change Today:
      3.00p
  • 52 Week High: 68.00
  • 52 Week Low: 21.50
  • Currency: UK Pounds
  • Shares Issued: 75.73m
  • Volume: 153,855
  • Market Cap: £51.12m
  • RiskGrade: 196

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Serabi Gold reports positive sampling from Tapajos region

By Josh White

Date: Wednesday 17 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Brazil-focussed miner and developer Serabi Gold updated the market on operations in the Tapajos region of the country's Para State on Tuesday, reporting total July production of 2,703 ounces.
The AIM-traded firm said that included a contribution of 241 ounces from the Coringa project, adding that it remained on track to meet its production guidance of 30,000 ounces for 2022.

It said on-lode development had extended to 494 metres, with further "excellent" channel samples including 0.63 metres at 108.34 grams of gold per tonne, 0.33 metres at 171.67 grams per tonne, 0.63 metres at 93.8 grams per tonne, 0.94 metres at 57.94 grams per tonne, 0.32 metres at 179 grams per tonne, and 0.25 metres at 302.37 grams per tonne.

"The Palito Complex continues to deliver steady production with 2,462 ounces of gold produced during July, supplemented by an additional 241 ounces from Coringa, which were processed at the existing Palito plant," said chief executive officer Mike Hodgson.

"With the successful implementation, earlier this year, of measures to reduce dilution, we remain on course to meet our 2022 guidance of 30,000 ounces.

"Given the stabilised production levels, we intend to revert to reporting gold production on a quarterly basis going forward."

Hodgson said development at Coringa was also progressing well, with close to 500 metres of on-lode development completed and further "excellent" channel sample results.

"We continue to split blast, ensuring a high-grade product is extracted from the development and we will be preparing the mine for initial stoping over the coming months.

"This will enable us to increase our production rate and continue to minimise dilution."

At 1351 BST, shares in Serabi Gold were up 3.57% at 43.5p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serabi Gold Market Data

Currency UK Pounds
Share Price 67.50p
Change Today 3.00p
% Change 4.65 %
52 Week High 68.00
52 Week Low 21.50
Volume 153,855
Shares Issued 75.73m
Market Cap £51.12m
RiskGrade 196

Serabi Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.38% above the market average27.38% above the market average27.38% above the market average27.38% above the market average27.38% above the market average
9.92% below the sector average9.92% below the sector average9.92% below the sector average9.92% below the sector average9.92% below the sector average
Price Trend
96.69% above the market average96.69% above the market average96.69% above the market average96.69% above the market average96.69% above the market average
94.41% above the sector average94.41% above the sector average94.41% above the sector average94.41% above the sector average94.41% above the sector average
Income Not Available
Growth
37.07% below the market average37.07% below the market average37.07% below the market average37.07% below the market average37.07% below the market average
37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average37.5% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serabi Gold Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:33 10,000 @ 68.00p
16:27 3,761 @ 67.41p
16:00 6,000 @ 68.00p
15:57 6,000 @ 68.00p
15:37 5,000 @ 67.00p

Serabi Gold Key Personnel

Finance Director Clive Malcolm Line
CEO Michael Hodgson

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