Business
2nd Quarter Results
2nd Quarter Results.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\n SERABI MINING plc (\"Serabi\" or \"the Company\")\n QUARTERLY INVESTOR UPDATE\n\nSerabi advises that it has today dispatched to shareholders its\ninvestor newsletter for the second quarter of 2007 ending 30 June\n2007.\n\nThe Company has highlighted in its newsletter the following matters.\nThe full version of the quarterly update is available from Serabi's\noffices, Cleary Court, 21-23 St Swithins Lane, London EC4N 8AD, or\nfrom the Company's website: www.serabimining.com\n\n\n * Completion of £12.5 million placing provides strengthened\n foundation for resource and production growth\n * Exploration success points to wider potential and basis for\n short-term production expansion\n * First half production of 18,718 oz gold equivalent, a 6%\n year-on-year increase\n * Changes to the mining method are resulting in improved grades at\n the Palito mine\n * Further improvements to mining and mill productivity at Palito\n anticipated during the second half of the year\n * Copper revenue accounts for 15% of gross revenue following a\n resumption of high copper prices\n\n\n\n\n+----------------------------------------------------------------+\n| Palito - Operating Results (1) |\n|----------------------------------------------------------------|\n| | 2007 | 2007 | 2007 | 2006 |\n| | Q1 | Q2 | YTD | YTD |\n|---------------------------+--------+--------+---------+--------|\n| Total Mined | t | 55,251 | 61,567 | 116,818 | 65,610 |\n| (per day) | | (614) | (677) | (645) | (362) |\n|---------------------+-----+--------+--------+---------+--------|\n| Mined Ore | t | 42,217 | 50,058 | 92,275 | 63,419 |\n| (per day) | | (469) | (550) | (510) | (350) |\n|---------------------+-----+--------+--------+---------+--------|\n| Milled | t | 42,705 | 45,245 | 87,950 | 55,365 |\n| (per day) | | (475) | (497) | (486) | (306) |\n|---------------------+-----+--------+--------+---------+--------|\n| Head Grade | g/t | 6.5 | 6.0 | 6.2 | 9.5 |\n|---------------------+-----+--------+--------+---------+--------|\n| Recovery | % | 89.6 | 91.1 | 90.5 | 91.6 |\n|---------------------+-----+--------+--------+---------+--------|\n| Gold | oz | 8,044 | 7,888 | 15,932 | 15,544 |\n|---------------------+-----+--------+--------+---------+--------|\n| Copper | t | 125.6 | 127.0 | 252.6 | 205.1 |\n|---------------------+-----+--------+--------+---------+---...