CA - Serabi Gold: Ore Sorting Leading To Free Cash Flow Generation

2025-06-04 10:24:43 ET

Summary

• Serabi owns the Palito and Coringa gold mines, both located in the State of Pará, Brazil.
• With the trucking of high-grade ore from the Coringa mine to Palito's mill, Serabi expects to produce 45,500 ounces of gold in 2025.
• Via higher production volumes and strong gold prices, Serabi should deliver healthy free cash flows once again in 2025, leading to a growing net cash balance.
• After a significant run-up in the share price, Serabi's two largest shareholders sold almost 27.0 million shares, or more than 35% of the total outstanding.
• Knowing that the two largest shareholders have been selling, why should I buy now? Do they know something that I don't? Even if it is the case, how would I know?

Narrow Veins & Ore Sorting

For over 20 years, Serabi's ( SBI:CA ) economic value has been underpinned by the 100% owned Palito Complex , located in the State of Pará, Brazil . Palito is a high-grade underground mine where gold mineralization occurs in narrow veins. Since mining operations restarted in 2014, Palito has delivered consistent gold production of between 30,000 and 40,000 ounces per year. Based on Serabi's most recent production guidance, Palito is expected to produce 45,500 ounces of gold in 2025, which would represent an increase of slightly over 20% compared to the 37,500 ounces produced in 2024. ...

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