Business
INTERIM RESULTS FOR THE 6 MONTHS TO 30 JUNE 2011
INTERIM RESULTS FOR THE 6 MONTHS TO 30 JUNE 2011.
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\n SERABI MINING plc\n (\"Serabi\" or \"the Company\")\n\n\n\n Interim Results for the 6 months to 30 June 2011\nFinancial Results for Second quarter 2011 and Management Discussion and Analysis\n\n\nSerabi Mining plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold\nexploration company, advises that it has today published its unaudited financial\nresults for the 3 month and 6 month periods ending 30 June 2011 and at the same\ntime has also published its Management's Discussion and Analysis for the same\nperiods.  Both documents, together with this announcement, have been posted on\nthe Company's website at www.serabimining.com and are also available on SEDAR at\nwww.sedar.com.  The full text of both the financial results and Management's\nDiscussion and Analysis are also available by following the links contained in\nthis press release.\n\n\nFinancial Highlights\n\n+----------------+---------------+---------------+--------------+--------------+\n| | 3 months ended| 3 months ended|6 months ended|6 months ended|\n| |  30 June 2011 |  30 June 2010 | 30 June 2011 | 30 June 2010 |\n| | (unaudited)| (unaudited)| (unaudited)| (unaudited)|\n+----------------+---------------+---------------+--------------+--------------+\n| | US$| US$| US$| US$|\n+----------------+---------------+---------------+--------------+--------------+\n|Operating Loss | | | (2,305,277)| |\n|for period | (1,562,635)| (1,634,584)| | (2,588,183)|\n+----------------+---------------+---------------+--------------+--------------+\n|Loss per | | | | |\n|ordinary share | | | | |\n|(basic and | | | | |\n|diluted) | (2.44) cents| (4.70) cents| (4.22) cents| (7.66) cents|\n+----------------+---------------+---------------+--------------+--------------+\n| |  |  |  |  |\n+----------------+---------------+---------------+--------------+--------------+\n|Exploration | | | | |\n|expenditures | | | | |\n|during the | | | | |\n|period | 2,590,150| 494,545| 4,229,417| 799,564|\n+----------------+---------------+---------------+--------------+--------------+\n|Cash at end of | | | | |\n|period | 7,859,831| 7,272,296| 7,859,831| 7,272,296|\n+----------------+---------------+---------------+--------------+--------------+\n|Equity | | | | |\n|Shareholders | | | | |\n|funds ...