Business
Unaudited interim results for 3 and 6 month p...
Unaudited interim results for 3 and 6 month p....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n\n \n \n\n Unaudited interim results for 3 and 6 month periods to 30 June 2023\n\nUnaudited interim results for the three and six month periods ended 30 June 2023 Serabi (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited results for the three and six month periods ended 30 June 2023. A copy of the full interim statements together with commentary can be accessed on the Company’s website using the following link: https://bit.ly/47VVUAg Financial Highlights Gold production for the second quarter of 8,518 ounces (2022: 8418 ounces) for total production for the year to date of 16,524 ounces (2022: 15,480 ounces).Cash held at 30 June 2023 of US$13.3 million (31 December 2022: US$7.2 million).EBITDA for the six-month period of US$6.6 million (2022: US$5.2 million).Post tax profit for the six month period of US$5.0 million (2022: US$2.1 million), Profit per share of 6.58 cents compared with a profit per share of 2.74 cents for the same six month period of 2022.Net cash inflow from operations for the six-month period (after mine development expenditure of US$1.3 million) of US$7.8 million (2022: US$1.5 million outflow).Average gold price of US$1,940 per ounce received on gold sales during the six month period (2022: US$1,869).Cash Cost for the six-month period to 30 June 2023 of US$1,258 per ounce (six months 2022 : US$1,415 per ounce) representing an 11% improvement compared to the same period of 2022.All-In Sustaining Cost for the three-month period to 20 June 2023 of US$1,519 per ounce (six months 2022 : US$1,716 per ounce) represents a 11.5% improvement compared to the same period of 2022. Key Financial Information SUMMARY FINANCIAL STATISTICS 6 months to30 June 2023US$(unaudited)6 months to30 June 2022US$(unaudited)3 months to30 June 2023US$(unaudited)3 months to30 June 2022US$(unaudited)Revenue30,523,58231,200,86317,086,21318,315,843Cost of sales(21,064,434)(23,268,585)(11,297,431)(13,995,113)Gross operating profit9,459,1487,932,2785,788,7824,320,730Administration and share based payments(2,838,267)(2,766,776)(1,483,692)(1,207,634)...