Business
Serabi Gold plc : Unaudited Interim Financial R...
Serabi Gold plc : Unaudited Interim Financial R....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi Gold plc : Unaudited Interim Financial Results for the three month period to 31 March 2018For immediate release 15 May 2018Serabi Gold plc(\"Serabi\" or the \"Company\")Unaudited Interim Financial Results for the three month period to 31 March 2018 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 2018 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 2018 3 months to 31 March 2018US$12 months to 31 December 2017US$3 months to 31 March 2017US$Revenue 13,826,851 48,449,868 13,173,584 Cost of Sales (9,489,102) (32,015,498) (9,792,350) Provision for impairment of inventory - (950,000) (220,000) Depreciation and amortisation charges (1,992,853) (10,465,283) (1,900,704) Gross profit 2,344,896 5,019,087 1,260,530 (Loss) / profit before tax 339,866 (1,745,503) (33,941) (Loss) / profit after tax 10,786 (2,397,903) (114,043) Earnings per ordinary share (basic) 0.0015 cents (0.343 cents) (0.016 cents) Average gold price received US$1,319 US$1,244 US$1,204 As at 31 March2018 (US$) As at 31 December 2017 (US$) Cash and cash equivalents 6,695,525 4,093,866 Net assets 60,614,360 60,770,712 Cash Cost and All-In Sustaining Cost (\"AISC\") 3 months to 31 Mar 2018 12 months to 31 December 2017 3 months to 31 March 2017 Gold production for cash cost and AISC purposes 9,188 37,004 9,861 Total Cash Cost of production (per ounce) US$907 US$799 US$800 Total AISC of production (per ounce) US$1,166 US$1,071 US$1,043 Key Operational Information SUMMARY PRODUCTION STATISTICS FOR 2018 YEAR TO DATE AND 2017 Qtr 1Year to Date Qtr 1 Qtr 2 Qtr 3 Qtr 4 Total 20182018 2017 2017 2017 2017 2017 Horizontal development - Total Metres 2,3532...