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SRB

0.07%
VERY GOOD

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

The gold producer reported a strong start to 2025 with an 11% increase in Q1 production and a healthy cash position, signaling continued momentum for the business.

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.

Key Dates

FY2025
Full year 2025 results
TRADING UPDATE