Business
Unaudited interim results for the six month per...
Unaudited interim results for the six month per....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Unaudited interim results for the six month period ended 30 June 2021\n \n \n \n \n For immediate release\n \n \n 30 September 2021\n \n \n \n Serabi Gold plc\n \n \n (“Serabi” or the “Company”)\n \n \n Unaudited interim results for the six month period ended 30 June 2021\n \n \n Serabi Gold plc (AIM:SRB, TSX:SBI), the Brazilian focused gold mining and development company, today releases its unaudited results for the six month period ended 30 June 2021.\n \n 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/3EY1hAx\n \n \n Financial Highlights\n \n \n Post tax profit of US$6.35 million an increase of 75 per cent period on period.\n Earnings per share of 9.06 cents compared with 6.18 cents for the same six month period of 2020.\n EBITDA of US$11.05 million (2020: US$9.37 million) an improvement of 18 per cent period on period.\n Net cash generated from operations (after mine development capital of US$2.6 million) of US$6.2 million (2020: US$6.2 million).\n Net cash and cash equivalents of US$18.1 million (31 December 2020: US$6.6 million)\n Average gold price of US$1,807 per ounce received on gold sales during the period. (2020: US$1,647)\n Cash Cost for the six month period of US$991 per ounce (2020: US$961 per ounce)\n All-In Sustaining Cost for the six month period of US$1,320 per ounce (2020: US$1,265 per ounce)\n \n \n Key Financial Information\n \n \n \n \n \n \n \n 6 months to\n 30 June 2021\n US$\n \n 6 months to 30 June 2020 US$\n \n \n \n Revenue\n \n \n \n \n 32,530,473\n \n 29,461,830\n \n \n \n Cost of sales\n \n \n \n \n (18,357,673)\n \n (16,421,213)\n \n \n \n Gross operating profit\n \n \n \n \n 14,172,800\n \n 13,040,617\n \n \n \n Administration and share based payments\n \n \n \n \n (3,122,460)\n \n (3,670,066)\n \n \n \n EBITDA\n \n \n \n \n 11,050,340\n \n 9,370,551\n \n \n \n Depreciation and amortisation charges\n \n \n \n \n (2,716,607)\n \n (3,232,094)\n \n \n \n Operating profit / (loss) before finance and tax\n \n \n \n \n 8,333,733\n \n 6,138,457\n \n \n \n \n \n \n \n \n \n \n Profit / (loss) after tax\n \n \n \n \n 6,352,653\n \n 3...