Business
3rd Quarter Results
3rd Quarter Results.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n 3rd Quarter Results\n \n \n \n \n For immediate release\n \n \n 13 December 2022\n \n \n \n Serabi Gold plc\n \n \n (“Serabi” or the “Company”)\n \n \n Unaudited interim results for the three and nine month periods ended 30 September 2022\n \n \n Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited results for the three and nine month periods ended 30 September 2022.\n \n A copy of the full interim statements together with commentary can be accessed on the Company’s website using the following link - https://bit.ly/3YjvbIU\n \n \n Financial Highlights\n \n \n Gold production for the third quarter of 8,541 ounces brings total gold production for the first nine months of 2022 to 24,021 ounces.\n Cash held at 30 September 2022 of US$10.18 million (31 December 2021 : US$12.2 million).\n EBITDA for the nine-month period of US$5.9 million (2021: US$15.0 million).\n Post tax loss for the nine-month period of US$0.87 million, after provision of US$1.0 million against the recovery of historic tax debts owed to the Company in Brazil.\n Loss per share of 1.15 cents compared with a profit per share pf 10.64 cents for the same nine month period of 2021.\n Net cash inflow from operations for the nine-month period (after mine development expenditure of US$2.88 million) of US$0.11 million (2021: US$8.45 million inflow).\n Average gold price of US$1,810 per ounce received on gold sales during the nine month period (2021: US$1,772).\n Cash Cost for the three-month period to September 2022 of US$1,242 per ounce (Q2 2022 : US$1,395 per ounce) representing an 11.0% improvement quarter on quarter.\n All-In Sustaining Cost for the three-month period to September 2022 of US$1,564 per ounce (Q2 2022 : US$1,637 per ounce) represents a 4.5% improvement compared to Q2 2022.\n \n \n Key Financial Information\n \n \n \n \n SUMMARY FINANCIAL STATISTICS \n \n \n \n \n \n 9 months to\n 30 September 2022\n US$\n \n 9 months to 30 September 2021 US$\n \n 3 months to\n 30 September 2022\n US$\n \n 3 months to 30 September 2021 US$\n \n \n \n Revenue\n \n \n 44,388,304\n \n 46,741,222\n \n 13,187,441\n \n 14,210,749\n \n \n \n Cost of sales\n \n \n (34,078,338)\n \n (27,227,697)\n \n (10,809,753)\n \n (8,870,024)\n \n \n \n Gross operating profit\n \n \n 10...