Serabi Gold PLC, a mining company focused on gold in Brazil, saw its gold production increase by 17% over a year, reaching 10,532 ounces in the second quarter of 2025, against 9,003 ounces at the same period last year. The treasury on June 30 amounts to USD 30.4 million, up 15% compared to the USD 26.5 million on March 31. The company confirms its forecasts of annual production between 44,000 and 47,000 ounces, an increase of at least 17% compared to the 37,520 ounces produced in 2024.
The managing director Mike Hodgson says: “We have excellent operational performance, solid gold prices, growth in our cash and we anticipate new successes. Our production profile provides higher quarterly volumes in the third and fourth quarter in order to achieve our objectives. This dynamic constitutes a solid basis for a period of organic growth that we expect with confidence for the second half of 2025. ”
The current course of action was 191.00 pence, up 5.2% at the end on Friday in London.
Over twelve months, the title increased sharply, going from 65.00 pence on July 15, 2024 to its current level.
By Tom Budszus, editor -in -chief, Alliance News
Comments and questions: Newsroom@allianceNews.com
Copyright 2025 Alliance News Ltd. All rights reserved.