Serabi Gold Reports Strong Q1-2025 Production and Cash Position
Why we think this is very good
The RNS highlights solid operational performance with an 11% increase in gold production year-over-year, as well as a healthy increase in cash balances during the quarter. There are no indications of negative market sentiment or headwinds. The overall tone is positive, suggesting the company is well-positioned for the year ahead.
Key Points
- Q1-2025 gold production of 10,013 ounces, an 11% increase from Q1-2024
- Cash balances rose to $26.5 million at the end of March 2025, up from $22.2 million at the end of 2024
- Company remains on track to achieve 2025 production guidance of 44,000 - 47,000 ounces
- Assessing mechanisms to return capital to shareholders
Summary
Serabi Gold plc reported strong Q1-2025 production results, with gold output of 10,013 ounces, an 11% increase from Q1-2024. The company also saw a significant increase in cash balances during the quarter, rising to $26.5 million from $22.2 million at the end of 2024. Serabi remains on track to achieve its full-year 2025 production guidance of 44,000 - 47,000 ounces. The company is currently assessing mechanisms to return capital to shareholders given the excellent operational performance and cash position.