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 estimates Coringa project in Brazil will cost $24.7m to develop

Brazil-focused Serabi Gold said a preliminary economic assessment indicated that its Coringa project in Para state would cost $24.7m to develop.

Sustaining capital expenditure would...

Fri, 06/09/2019 - 08:55


Serabi Gold swings to profit on higher output in Brazil

Brazil-focused Serabi Gold said it swung to profit in the first half after it boosted gold output.

Net profit for the six months through June...

Wed, 14/08/2019 - 08:14


Serabi Gold consultants request more time to complete Brazil mine viability study

Serabi Gold said independent consultants Global Resource Engineering had requested more time to complete work assessing the economic case for the company's Coringa gold project...

Mon, 05/08/2019 - 14:09


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 130p (from 140p).

Broker Forecasts data...

Wed, 10/07/2019 - 09:40


How to play gold if the precious metal’s price really starts to shine

The prospect of looser central bank policy, concerns over global growth and unrest in the Middle East are all giving gold a boost, thanks to...

Tue, 25/06/2019 - 17:11