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Serabi reports highest quarter gold production ...
Serabi reports highest quarter gold production ....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Serabi reports highest quarter gold production for 2019, and exceeds 40,000 ounces annual gold production for the first timeFor immediate release 14 January 2020Serabi Gold plc(“Serabi” or the “Company”)Serabi reports highest quarter gold production for 2019, and exceeds 40,000 ounces annual gold production for the first time. Serabi Gold plc (AIM: SRB, TSX: SBI), the Brazilian focused gold mining and development company, is pleased to provide the results and a review of its fourth quarter operational and development activities in the Tapajos region of Para State, Northern Brazil. A full version of this news release in PDF format which includes images can be accessed using the following linkhttps://bit.ly/2uDEoCuOPERATIONAL and DEVELOPMENT HIGHLIGHTSFourth quarter gold production of 10,223 ounces of gold, resulting in total annual gold production within guidance for the year of 40,101 ounces, a seven per cent improvement over 2019.Total ore mined for the quarter of 44,092 tonnes at 6.69 grams per tonne (“g/t”) of gold. 44,794 tonnes of run of mine (“ROM”) ore were processed through the plant from the combined Palito and Sao Chico orebodies, with an average grade of 6.81 g/t of gold. 2,908 metres of horizontal development completed during the quarter.Year-end cash holdings of US$14.3 million.The installation of the ore sorter, to be sited between the crushing and the milling sections, entered its final stages by the end of the year, with electrical and mechanical testing undertaken.Permitting at Coringa continued to progress with the date for the public hearing being set for 6 February 2020. Assuming public and stakeholder support, this is the final step for the company before receipt of the Licencia Previa (the Preliminary License).Step out drilling campaign at Sao Chico significantly extends resource beyond current mine limits.The Company anticipates full year production for 2020 will be between 45,000 and 46,000 ounces. Key Operational Information8 SUMMARY PRODUCTION STATISTICS FOR 2019 AND FOR 2018 Qtr 1Qtr 2Qtr 3Qtr 4TotalQtr 1Qtr 2Qtr 3Qtr 4Total2019201920192019201920182018201820182018 Gold production (1) (2)Ou...