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Serabi Gold PLC - Brazil-focused gold miner - On Thursday last week, says total gold production for the third quarter totals 8,542 ounces, up from 8,418 ounces in the second quarter, but down from 9,035 ounces a year ago. Says this quarter saw ‘2,600 tonnes of higher-grade Coringa development ore transported to Palito, contributing 570 ounces of gold production for the quarter’.
Year-to-date gold production is 24,021 ounces, ahead of the run rate for annual production guidance of 30,000 ounces. In 2021, total gold production amounted to 33,848 ounces.
Chief Executive Officer Mike Hodgson says: ‘Another strong quarter for Serabi, with 8,542 ounces produced, which is the best quarter this year meaning we are on track to now exceed our revised 2022 guidance of 30,000 ounces.’
Current stock price: 23.88 pence, down 0.5% early Monday in London
12-month change: down 67%
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