Serabi Gold Ord Shs T.SBI

Alternate Symbol(s): SRBIF

Metals & Mining Gold

Serabi Gold plc is a United Kingdom-based gold mining and development company. The Company is focused on conducting gold mining and exploration in Brazil. It operates the Palito Mining Complex and the Coringa Project, in the Tapajos region of the State of Para. The Palito Mining Complex is formed by approximately 64,707 hectares (ha) of tenements, including 1,150 ha of mining concession. In addition, there are 2,877 ha in mineral exploitation applications, 41,588 ha in mineral exploration licenses, 15,896 ha in three extension requests for exploration licenses and two applications for exploration comprising over 3,196 ha. Palito Mining Complex consists of the Palito and Sao Chico gold deposits in Para State in central north Brazil. Its Coringa Gold Project is located approximately 200 kilometers (km) south of Palito and 70km southeast of the city of Novo Progresso in the State of Para. Its five zones of vein mineralization include Valdette, Galena, Mae de Leite, Meio and Come Quieto.

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Serabi Gold Ord Shs

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Post by AlfTanneron Aug 29, 2024 4:42pm

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Post# 36201893

Amazing Q2 earnings!

"Post-tax profit for the six-month period of $9.2 million"
Annualized that is $18.4M.
Market cap is $75M. That puts the P/E at 4.1.
And do not forget the growth from the Coringa mine. Production of 33k ounces in 2023 should grow to 60k ounces in 2026. Absolutely incredible growth for a company with a P/E of 4.1 !!!

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