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Serabi Gold PLC on Friday reported profit growth as it ramped up gold production and sales in the third quarter. The Brazil-focused gold mining firm said pretax profit for the three months ended September 30 rose 78% to $19.2 million from $10.8 million a year ago, driven by a revenue jump. Revenue rose 52% to $42.0 million from $27.6 million. For Brazil, revenue rose 37% to $29.1 million from $21.2 million. UK revenue doubled to $12.9 million from $6.4 million. Comprising the biggest proportion of the company’s revenue, gold output for the nine months to September 30 rose 19% to 32,634 ounces from 27,499 ounces in the same period a year ago. Ounces sold increased 11% to 32,106 from 28,912. Serabi Gold produced 17,115 ounces of gold bullion at the Coringa mine, up 18% from 14,464 ounces a year ago. This was supplemented by production of a further 6,749 ounces of gold in the form of bullion and 8,770 ounces in the form of copper concentrate from the Palito ore body. Shares in Serabi Gold rose 3.8% to 275.10 pence on Friday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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