Business
Unaudited interim results for the third quarter...
Unaudited interim results for the third quarter....
About this update from Serabi Gold Plc
[{"type":"text","content":"\n \n \n Unaudited interim results for the third quarter and nine month period ended 30 September 2021\n \n \n \n \n For immediate release\n \n \n 30 November 2021\n \n \n \n Serabi Gold plc\n \n \n (“Serabi” or the “Company”)\n \n \n Una\n udited \n interim r\n esults for\n the third quarter and\n nine\n month period \n ended 3\n 0 \n September\n 202\n 1\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 nine month period ended 30 September 2021 (“the Period”)\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/3E8x0OkE8x0Ok\n \n \n Financial Highlights\n \n \n Post tax profit of US$7.66 million in the Period (2020: US$7.42 million).\n Earnings per share of 10.64 cents compared with 12.58 cents for the same nine month period of 2020.\n EBITDA of US$15.00 million in the Period (2020: US$15.66 million).\n Net cash generated from operations of US$8.1 million in the Period (after mine development capital of US$3.8 million) (2020: US$11.4 million after mine development capital of US$2.0 million).\n Net cash and cash equivalents of US$15.2 million as at 30 September 2021 (31 December 2020: US$6.6 million).\n Average gold price of US$1,772 per ounce received on gold sales during the Period. (2020: US$1,647 per ounce)\n Cash Cost for the Period of US$976 per ounce (2020: US$1,013 per ounce)\n All-In Sustaining Cost for the Period of US$1,307 per ounce (2020: US$1,298 per ounce)\n \n \n Operational Highlights\n \n \n Third quarter gold production of 9,035 ounces, a 33 per cent improvement compared to the same period of 2020 (Q3 2020: 6,790 ounces). Gold production for the year to date (“ytd”) is 26,190 ounces, in line with guidance (2020 ytd: 24,314 ounces).\n Total ore mined during the quarter of 42,240 tonnes at 7.18 grammes per tonne (“g/t”) of gold (Q3 2020; 44,097 tonnes at 4.84 g/t), the highest quarterly mined grade since the first quarter of 2019 and a 28 per cent improvement in grade compared to the average for 2020.\n 41,995 tonnes of run of mine (“ROM”) ore were processed during the quarter through the plant from the combined Palito and São Chico orebodies, with an average grade of 7.20 g/t of gold (Q3 2020: 4...