Business
1st Quarter Results
1st Quarter Results.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n 1st Quarter ResultsFor immediate release 15 May 2019Serabi Gold plc(“Serabi” or the “Company”)Unaudited Interim Financial Results for the three month period to 31 March 2019 and Management’s Discussion and AnalysisSerabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited interim financial results for the three month period ending 31 March 2019 and at the same time has published its Management’s Discussion and Analysis for the same period.Key Financial Information 3 months to31 March 2019US$3 months to31 March 2018US$12 months to31 December 2018US$Revenue 17,126,04013,826,85143,261,743Cost of sales (11,361,987)(9,489,101)(31,101,016)Gross operating profit 5,764,0534,337,75012,160,727Administration and share based payments (1,449,316)(1,408,717)(5,867,918)EBITDA 4,314,7372,929,0336,292,809Depreciation and amortisation charges (2,264,733)(1,941,738)(9,004,411)Operating profit / (loss) before finance and tax 2,050,004987,295(2,711,602) Profit / (loss) after tax 1,549,96210,786(5,754,541)Earnings per ordinary share (basic) 2.63 cents0.03 cents(11.20 cents) Average gold price received US$1,287US$1,319US$1,258 As at31 March2019As at31 December 2018Cash and cash equivalents 12,133,7139,216,048Net assets 70,163,64169,110,287 Cash Cost and All-In Sustaining Cost (“AISC”) 3 months to 31 March 20193 months to31 March 201812 months to31 December 2018Gold production for cash cost and AISC purposes 10,1649,18837,108 Total Cash Cost of production (per ounce) US$796US$907US$821Total AISC of production (per ounce) US$1,021US$1,166US$1,093Key Operational Information SUMMARY PRODUCTION STATISTICS TO DATE FOR 2019 AND FOR THE 2018 CALENDAR YEAR Qtr 1Qtr 1Qtr 2Qtr 3Qtr 4Total201920182018201820182018 Gold production (1) (2)Ounces10,1649,1889,5638,10110,25637,108 Mined ore – TotalTonnes42,60939,66936,07142,72544,257162,7...