Business
Release of Q1 Financial Results and Managment D...
Release of Q1 Financial Results and Managment D....
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\nFinancial Results for First quarter 2011 and Management DiscUssion and Analysys\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 first quarter of 2011 and at the same time has also published\nits Management's Discussion and Analysis for the same period. Both documents,\ntogether with this announcement, have been posted on the Company's website at\nwww.serabimining.com and are also available on SEDAR at www.sedar.com. The full\ntext of both the financial results and Management's Discussion and Analysis are\nalso available by following the links contained in this press release.\n\n\nFinancial Highlights\n\n+--------------------+-------------------+------------------+------------------+\n| | Quarter ended 31 | Quarter ended 31 | Year ended 31 |\n| | March 2011 | March 2010 | December 2010 |\n| | (unaudited)| (unaudited)| (audited)|\n+--------------------+-------------------+------------------+------------------+\n| | US$| US$| US$|\n+--------------------+-------------------+------------------+------------------+\n|Operating Loss for | | | |\n|period | (742,642)| (953,599)| (5,980,011)|\n+--------------------+-------------------+------------------+------------------+\n|Loss per ordinary | | | |\n|share (basic and | | | |\n|diluted) | (1.65) cents| (2.91) cents| (15.21) cents|\n+--------------------+-------------------+------------------+------------------+\n| |  |  |  |\n+--------------------+-------------------+------------------+------------------+\n|Exploration | | | |\n|expenditures during | | | |\n|the period | 1,639,267| 305,019| 2,481,665|\n+--------------------+-------------------+------------------+------------------+\n|Cash at end of | | | |\n|period | 11,100,828| 3,423,326| 8,598,755|\n+--------------------+-------------------+------------------+------------------+\n|Equity Shareholders | | | |\n|funds at end of | | | |\n|period | 54,097,874| 41,445,493| 44,351,818|\n+--------------------+-------------------+------------------+------------------+\n\n\nFor the three month period ended 31 March 2010 the Company recorded a net loss\nof US$742,642 (1.65 US cents per share) ...