Business
4th Quarter Investor Update Announcement
4th Quarter Investor Update Announcement.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\n PRESS RELEASE - 25th January 2008\n\n SERABI MINING plc (\"Serabi\" or \"the Company\")\n\n 4th Quarter Investor Update Announcement\n\nSerabi Mining plc (AIM:SRB) announces that it has today issued a 4th\nQuarter Investor Update for the quarter ended 31st December 2007.\n\nThe full text of the quarterly update is available from the Serabi\noffices at 30 - 32 Ludgate Hill, London, EC4M 7DR or from the\nwebsite: www.serabimining.com\n\nThe company has highlighted in its update the following matters:\n\n\n * 2007 production 33,963 gold equivalent ounces\n * Production expected to rise to between 40,000 and 45,000 gold\n equivalent ounces in 2008 Imminent commissioning of new mining\n equipment and revised mine plans point to a much improved\n operating outlook\n * Advanced evaluation of new discoveries may provide additional,\n near-term production opportunities\n * Significant escalation of exploration at Palito & Jardim do Ouro\n delivers impressive results across a number of fronts\n * Serabi directly benefitting from strong metal prices as an\n unhedged producer\n\n+--------------------------------------------------------------------------+\n| Palito - Operating Results (1) |\n|--------------------------------------------------------------------------|\n| | | 2007 | 2006 |\n|------------+-----+---------------------------------------------+---------|\n| | | Q1 | Q2 | Q3 | Q4 | YE | YE |\n|------------+-----+--------+--------+--------+--------+---------+---------|\n| Total | | 55,251 | 61,567 | 56,903 | 56,926 | 230,647 | 151,239 |\n| Mined | t | (614) | (677) | (619) | (619) | (632) | (414) |\n| (per day) | | | | | | | |\n|------------+-----+--------+--------+--------+--------+---------+---------|\n| Mined Ore | t | 42,217 | 50,058 | 45,754 | 41,148 | 179,177 | 132,089 |\n| (per day) | | (469) | (550) | (497) | (447) | (491) | (362) |\n|------------+-----+--------+--------+--------+--------+---------+---------|\n| Milled | t | 42,705 | 45,245 | 45,054 | 40,481 | 173,485 | 117,618 |\n| (per day) | | (475) | (497) | (490) | (440) | (475) | (322) |\n|------------+-----+--------+--------+--------+--------+---------+---------|\n| Head Grade | g/t | 6.5 | 6.0 | 5.4 | 5.4 | 5.8 | 9.4 |\n|------------+-----+--------+--------+--------+--------+---------+---------|\n| Recovery | % | 89.6 | 91.1 | 90.0 | 89.8 | 90.1 | 91...