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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 amounted to $1.72m, compared to losses of $0.48m on-year.
Operating pre-tax profit before financing costs more than doubled to $3.4m.
At 8:14am: (LON:SRB) Serabi Mining PLC share price was -5p at 60p