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Unaudited Interim Financial Results for the thr...
Unaudited Interim Financial Results for the thr....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n Unaudited Interim Financial Results for the three and six month periods to 30 June 2019 and Management’s Discussion and AnalysisFor immediate release 14 August 2019Serabi Gold plc(“Serabi” or the “Company”)Unaudited Interim Financial Results for the three and six month periods to 30 June 2019 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 and six month periods ending 30 June 2019 and at the same time has published its Management’s Discussion and Analysis for the same period.FINANCIAL HIGHLIGHTSEBITDA for the second quarter of U$3.3 million up 23% on the same quarter in 2018.EBITDA for the year to date of US$7.6 million up 35% on the same period in 2018.Profit before tax of US$3.4 million for the year to date with earnings per share of 2.92 cents.Cash holdings at the end of June 2019 of US$12.4 million an increase of US$3.1 million since the end of 2018.AISC for the year to date of US$1,085 per ounce with a Cash Cost of US$860 per ounce.Operational cash flow for the second quarter of US$3.0 million (US$2.3 million after mine development costs), compared with US$1.4 million (US$0.3 million after mine development costs) for the same period in 2018.Operational cash flow for the year to date of US$9.4 million (US$7.9 million after mine development costs), compared with US$4.5 million (US$2.5 million after mine development costs) for the same period in 2018.Higher level of capital expenditure for the second quarter reflects US$0.8 million for the ore sorter.Key Financial Information 6 months to30 June 2019US$3 months to30 June 2019US$6 months to30 June 2018US$3 months to30 June 2018US$Revenue29,585,73912,459,69925,700,63411,873,783Cost of sales(19,164,989)(7,803,002)(17,272,887)(7,783,786)Gross operating profit10,420,7504,656,6978,427,7474,089,997Administration and share based payments(2,803,500)(1,378,996)(2,780,485)(1,422,883)EBITDA7,617,2503,277,7015,647,2622,667,114Depreciation and amortisation charges(4,250,501)(1,960,956)(4,490,900)(2,498,047)Operating profit / (loss) before finance and tax3,366,7491,316,7451,156,362169,067 Profit / (loss) after tax1,719,640169,678(482,634...