Business
SERABI MINING plc ("Serabi" or "...
SERABI MINING plc ("Serabi" or "....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n\n\n\n\nSerabi advises that it has today dispatched to shareholders its\ninvestor newsletter for the first quarter of 2007 to 31 March 2007.\n\nThe Company has highlighted in its newsletter the following matters.\nThe full version of the quarterly update is available from Serabi's\noffices, Cleary Court, 21-23 St Swithins Lane, London EC4N 8AD, or\nfrom the Company's website: www.serabiming.com.\n\n\n * Quarterly production of 9,301 oz gold equivalent, a 17%\n year-on-year increase\n * Palito mine poised to benefit during the rest of 2007 from\n extensive pre-production mine development now completed\n * Major increase in mining productivity achieved following shift to\n trackless mining and the introduction of additional underground\n equipment\n * New mill configuration results in record throughput\n * Development commences at Palito West project\n * Favourable results from initial evaluation of Jardim do Ouro\n projects points to good potential for additional gold resources\n\n\n\n+-------------------------------------------------------------------+\n| Palito - Operating Results (1) |\n|-------------------------------------------------------------------|\n| | | 2007 | 2006 |\n|----------------------+--------+-----------+-----------------------|\n| | | Q1 | Q1 | Q4 |\n|----------------------+--------+-----------+-----------+-----------|\n| Total Mined | t | 55,251 | 32,820 | 42,007 |\n| (per day) | | (614) | (365) | (457) |\n|----------------------+--------+-----------+-----------+-----------|\n| Mined Ore | t | 42,217 | 31,555 | 34,072 |\n| (per day) | | (469) | (351) | (370) |\n|----------------------+--------+-----------+-----------+-----------|\n| Milled | t | 42,705 | 25,514 | 32,760 |\n| (per day) | | (475) | (283) | (356) |\n|----------------------+--------+-----------+-----------+-----------|\n| Head Grade | g/t | 6.5 | 9.3 | 9.4 |\n|----------------------+--------+-----------+-----------+-----------|\n| Recovery | % | 89.6 | 91.9 | 91.0 |\n|----------------------+--------+-----------+-----------+-----------|\n| Gold | oz | 8,044 | 7,017 | 8,980 |\n|----------------------+--------+-----------+-----------+-----------|\n| Copper | t | 125.6 | 98.0 | 224.6 |\n|----------------------+--------+-----------+-----------+-----------|\n| Gold Equivalent | oz | 9,301 | 7,927 | 11,687 |\n| (2) | | | | |\n+--------------------...