Business
Serabi Gold plc : Financial Results for the thi...
Serabi Gold plc : Financial Results for the thi....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Gold plc : Financial Results for the third quarter 2013 and the nine months to 30 September 2013For immediate release 14 November 2013SERABI GOLD PLC (\"Serabi\" or \"the Company\")Financial Results for the third quarter 2013 and the nine months to 30 September 2013 and Management Discussion and Analysis Serabi Gold plc (AIM:SRB, TSX:SBI and SBI.WT), the Brazilian focused gold exploration and development company, advises that it has today published its unaudited financial results for the three month and nine month periods ending 30 September 2013 and at the same time has also published its Management Discussion and Analysis for the same periods. Both documents, together with this announcement, have been posted on the Company's website at www.serabigold.com and are also available on SEDAR at www.sedar.com. Corporate and Operational Highlights The Palito mine remains on schedule to commence plant commissioning at the end of 2013, with gold production expected for the first quarter of 2014. New mine management team and contract mining personnel in place. All new mining fleet delivered to site and operational. Refurbishment of primary crushing plant complete and the plant operational. Gravity concentrator at site, and gravity section infrastructure under construction. Ball mill foundations completed, ball mill overhauled and milling section building nearing completion. Flotation section building and infrastructure complete, with refurbished flotation cells being installed. Filtration section building complete, and filter press being installed. Gold room construction close to completion. Total uncrushed ore stockpile of approximately 21,000 tonnes averaging 7.4 grammes per tonne (\"g/t\") as at end October 2013. . Contract negotiations at an advanced stage for the refining and purchase of the copper/gold concentrate that will be produced at the Palito Mine. Completion of a successful exploration drilling programme at Sao Chico. Sao Chico, located approximately 25 kilometres from Serabi's Palito Gold Mine, hosts a NI 43-101 compliant combined Measured and Indicated Mineral Resource of 25,275 ounces of gold at 29.77 grammes per tonne (\"g/t\") and an Inferred Mineral Resource of 71,385 ounces gold at 26.03 g/t. High-...