Serabi Gold plc
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- Business
- Serabi Gold plc is a gold exploration and production company focused on the evaluation, development, and mining of gold and copper deposits in the Tapajos region of northern Brazil. The company operates primarily through its wholly-owned Palito Mining Complex, which includes the Palito and Sao Chico Gold Mines, and the recently commissioned Coringa Gold Project. Serabi Gold's core products consist of gold bullion and copper concentrate produced from underground mining operations. The company also engages in regional exploration across its extensive mineral rights holdings of approximately 52,700 hectares, targeting vein swarms to ensure a long asset life. Founded in 2004 and headquartered in Cobham, United Kingdom, Serabi Gold aims to grow its production capacity significantly. The company targets raising its annual gold production to 60,000 ounces by 2026 and ultimately advancing to 100,000 to 200,000 ounces per annum within 3 to 5 years. The Coringa Gold Project, which reached commercial production status in early 2025, is a key growth driver, expected to more than triple consolidated output relative to the Palito Complex. Serabi Gold’s strategic approach includes leveraging its exploration portfolio, operational expertise in Brazil, and disciplined mergers and acquisitions to enhance production and reserves. Recent major developments include the successful commissioning and operation of the Coringa classification plant in December 2024, improving ore separation efficiency and supporting the Phase 1 production growth strategy. In 2024, Serabi Gold achieved a 13% increase in annual gold production and secured a three-year renewal of the trial mining permit for Coringa, underscoring regulatory progress. Q3 2025 results highlighted a 78% increase in pretax profit driven by a 52% surge in revenue, fueled by rising gold and copper production. The company also announced a new shareholder return policy targeting dividends or share buybacks of 20% to 30% of free cash flow going forward. Serabi Gold operates with a commitment to sustainable and responsible mining practices, sourcing a significant portion of goods and services locally in Pará State, Brazil, and supporting community projects including infrastructure, education, and health programs. The company maintains a strong balance sheet with modest gearing and no long-term debt, positioning it well for ongoing exploration and operational expansion in Brazil’s proven mining district. Overall, Serabi Gold is positioned as a growth-oriented gold and copper producer with advancing production assets in Brazil, a robust exploration pipeline, and a focus on operational excellence and sustainability.
Annual General Meeting Statement
Serabi Gold Files NI 43-101 Technical Report for the Palito Complex and Coringa Mine
Unaudited interim results for the three-month period ended 31 March 2026
Correction - Audited Results for the year ended 31 December 2025
Reports Q1-2026 Production & Operational Highlights
Provides Operational and Exploration Update for 2025 Brownfield Drilling Campaigns at Palito Complex and Coringa; Announces 2026 Brownfield Exploration Programme
Fatality at Palito Complex
Fatality at Coringa Mine
Reports Q4-2025 Production, Record Annual Production, Production Guidance Achieved & Operational Highlights
Unaudited interim results for the three and nine-month periods ended 30 September 2025
Provides Comprehensive Exploration Update for 2025 Brownfield Drilling Campaigns at Palito Complex and Coringa
Unaudited interim results for the three-and six-month periods ended 30 June 2025
Increases Total Mineral Inventory: Provides Results of Updated Mineral Resource and Reserves
Q2-2025 Production Results and Operational Highlights
Result of AGM
AGM Statement
Unaudited interim results for the three-month period ended 31 March 2025
Directorate change
Holding(s) in Company
Holding(s) in Company