The Brazilian-focused miner reported quarterly production of 9,489oz of gold
Serabi Gold announced September quarter production results, reporting a quarterly production of 9,489oz of gold, up over 8% from 8,738oz year-on-year.Serabi's share price jumped over 9% on Monday, rising from 86p at the previous close to 94p.Total ore mined totalled 58,862t at 5.48gpt, compared to 59,564t at 5.06gpt for the previous quarter.The Palito orebody continued to perform satisfactorily with good output, but not at forecast grades, Serabi said.
The Brazilian-focused gold miner released an updated preliminary economic assessment for its Coringa gold operation earlier this month. Highlights include an annual production of 28,000oz in 2025, ramping up to 36,000ozpa between 2026 and 2031 with an 11-year mine life at an average AISC of $1,241/oz and an after-tax NPV of $145 million.
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