Serabi Gold affirms annual output guidance despite mine fatality

Writer, Stock Market Wire
Wednesday, February 13, 2019 - 07:47

Brazil-focused Serabi Gold said it had made a good start to 2019, putting it on track to meet its annual output guidance.

Production in the month of January amounted to 3,671 ounces, in line with annual guidance of 40,000-to-44,000.

'We are delighted to have started the year in much the same way as 2018 ended, with excellent production,' chief executive Mike Hodgson said.

Affirmation of the guidance came despite the company on Tuesday announcing that a company employee had died on Monday from a mining-related accident at its Palito gold mine in Brazil.

Production in the area of the incident had been suspended until an outcome of the enquiries had been reached.


Related content

Serabi Gold ups resource estimate by 37% at Coringa project in Brazil

Serabi Gold said it had increased the mineral resource estimate for its Coringa gold project in Brazil by 37%.

The company said it had recorded...

Mon, 04/03/2019 - 08:32


Serabi Gold employee killed in accident at Palito mine in Brazil

Serabi Gold said a company employee had died on Tuesday from a mining-related accident at its Palito gold mine in Brazil.

The employee died after...

Tue, 12/02/2019 - 09:17


Broker Forecast - Peel Hunt issues a broker note on Serabi Mining PLC

Peel Hunt today reaffirms its buy investment rating on Serabi Mining PLC (LON:SRB) and raised its price target to 140p (from 135p).

Broker Forecasts data...

Fri, 18/01/2019 - 09:20


Broker Forecast - Peel Hunt issues a broker note on Serabi Mining PLC

Peel Hunt today reaffirms its buy investment rating on Serabi Mining PLC (LON:SRB) and cut its price target to 135p (from 160p).

Broker Forecasts data...

Tue, 20/11/2018 - 12:40


Serabi Gold airborne survey in Brazil identifies potential gold-bearing anomalies

Brazil-focused miner Serabi Gold said a recent airborne geophysical survey covering the southern portion of its the Jardim Do Ouro tenement indicated sulphide bodies that...

Tue, 20/11/2018 - 09:57