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Serabi Gold plc : Unaudited 1st Quarter Results...
Serabi Gold plc : Unaudited 1st Quarter Results....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Gold plc : Unaudited 1st Quarter Results and Management Discussion and AnalysisFor immediate release 15 May 2017Serabi Gold plc(\"Serabi\" or the \"Company\")Unaudited Interim Financial Results for the three month period to 31 March 2017 and Management's Discussion and AnalysisSerabi Gold (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited interim financial results for the three month period ending 31 March 2017 and at the same time has published its Management's Discussion and Analysis for the same period.Key Financial InformationSUMMARY FINANCIAL STATISTICS FOR THE THREE MONTHS ENDING 31 MARCH 2017 3 months to 31 Mar 2017US$ 12 months to 31 Dec 2016US$ 3 months to 31 Mar 2016US$ Revenue 13,173,584 52,593,751 11,679,089 Cost of sales (9,792,350) 32,906,426 (6,689,506) Provision for impairment of inventory (220,000) - - Depreciation and amortisation charges (1,900,704) 8,384,738 (1,216,727) Gross profit 1,260,530 11,302,587 3,772,856 (Loss) / profit before tax (33,941) 1,870,179 1,501,304 Profit / (loss) after tax (114,043) 4,430,292 1,347,665 Earnings / (loss) per ordinary share (basic) (0.016 cents) 0.659 cents 0.195 cents Average gold price received US$1,204 US$1,245 US$1,165 As at 31 Mar 2017 As at 31 Dec 2016 Cash and cash equivalents 3,407,117 4,160,923 Net assets 64,798,397 63,378,973 Cash Cost and All-In Sustaining Cost (\"AISC\") 3 months to 31 Mar 2017 12 months to 31 Dec 2017 3 months to 31 Mar 2016 Gold production for cash cost and AISC purposes 9,86139,390 9,771 Total Cash Cost of production (per ounce) US$800US$770 US$662 Total AISC of production (per ounce) US$1,043US$965 US$858 Key Operational InformationSUMMARY PRODUCTION STATISTICS FOR THE FIRST QUARTER TO 31 ...