Serabi Gold (SRB)

Sector:

Mining

Index:

FTSE AIM All-Share

90.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 93.92
  • 52 Week Low: 30.10
  • Currency: UK Pounds
  • Shares Issued: 75.73m
  • Volume: 238,875
  • Market Cap: £68.16m
  • RiskGrade: 196
  • Beta: 0.46

Serabi Gold on track to meet production guidance

By Benjamin Chiou

Date: Thursday 13 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Brazil-focused gold miner Serabi Gold has reiterated full-year production targets after an acceleration of activity at its Coringa project as the production ramp-up continues.
In an annual general meeting on Thursday, the company said it still expects to achieve production guidance of between 38,000 and 40,000 ounces of gold for 2024.

Chief executive Mike Hodgson said Coringa continues to perform "very well" as it ramps up to commercial production, with it "shaping up to be an excellent, low-risk project".

"Following the renewal of the GU underground trial mining licence for a further three-year period in January of this year, we have accelerated activity at the mine, with an increased rate of mine development and additional mine crews to execute the mine development," he said.

"At the same time, we are undertaking an underground drilling programme targeting the depth extension of the known mineralisation at Coringa, which is expected to increase the mineral resource and the mine life." Result of the drill programme will likely be released in the third quarter.

Meanwhile, Serabi's other project, Palito, has seen lower grades than expected after it had to 'bulk mine' a geologically complex area, though ore grades are predicted to improve.

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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 90.00p
Change Today 1.00p
% Change 1.12 %
52 Week High 93.92
52 Week Low 30.10
Volume 238,875
Shares Issued 75.73m
Market Cap £68.16m
Beta 0.46
RiskGrade 196

Serabi Gold Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.17% above the market average90.17% above the market average90.17% above the market average90.17% above the market average90.17% above the market average
32.28% above the sector average32.28% above the sector average32.28% above the sector average32.28% above the sector average32.28% above the sector average
Price Trend
98.80% above the market average98.80% above the market average98.80% above the market average98.80% above the market average98.80% above the market average
95.62% above the sector average95.62% above the sector average95.62% above the sector average95.62% above the sector average95.62% above the sector average
Income Not Available
Growth
33.74% below the market average33.74% below the market average33.74% below the market average33.74% below the market average33.74% below the market average
28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% below the sector average28.81% 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 21-Nov-2024

Time Volume / Share Price
16:28 21,395 @ 92.99p
16:25 6,000 @ 92.85p
16:14 967 @ 90.96p
16:12 10,849 @ 92.17p
16:11 1,073 @ 90.85p

Serabi Gold Key Personnel

Finance Director Clive Malcolm Line
CEO Michael Hodgson

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