Last 6.25 GBp
Change Today 0.00 / 0.00%
Volume 45.8K
SRB On Other Exchanges
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As of 11:30 AM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

serabi gold plc (SRB) Snapshot

Open
6.25 GBp
Previous Close
6.25 GBp
Day High
6.25 GBp
Day Low
6.25 GBp
52 Week High
08/5/14 - 7.38 GBp
52 Week Low
04/3/14 - 4.38 GBp
Market Cap
41.0M
Average Volume 10 Days
141.5K
EPS TTM
-0.01 GBp
Shares Outstanding
656.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SERABI GOLD PLC (SRB)

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serabi gold plc (SRB) Details

Serabi Gold plc is engaged in the evaluation, exploration, and development of gold projects in Brazil. It also explores for copper. The company primarily holds 100% interest in the Jardim do Ouro project, which includes the Palito Mine and exploration licences covering 53,000 hectares around and in close proximity to the Palito Mine located in the Tapajos region of northern Brazil. Serabi Gold plc was founded in 1999 and is headquartered in London, the United Kingdom.

116 Employees
Last Reported Date: 03/28/14
Founded in 1999

serabi gold plc (SRB) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $232.3K
Chief Financial Officer, Finance Director, Co...
Total Annual Compensation: $216.6K
Country Manager of Brazil
Total Annual Compensation: $222.2K
Compensation as of Fiscal Year 2013.

serabi gold plc (SRB) Key Developments

Serabi Gold plc Operational Update at Sao Chico

Serabi Gold plc announced an operational update on its wholly owned Sao Chico Gold project in the Tapajos region of Para State, Northern Brazil. The highlights are development work at Sao Chico is now progressing well, an approximately 20 meter deep 'cutback' has been excavated in the unconsolidated saprolite surface material. The excavated soil has been used to remediate much of the historical artisanal workings adjacent to the planned underground mine, With hard granodiorite bedrock exposed, hard rock blasting is now underway, Five additional veins 'outside the current geological resource' discovered during the cutback excavation, dedicated mining fleet already at site and ready to be deployed, Initial camp for workforce close to completion. The mine portal is now being established in the bedrock and is scheduled for completion before the end of September. To date, extraction of softer saprolite material has been by 'free digging' and in the last month the Company has secured arrangements to be able to commence blasting. With underground development and a surface drill programme planned to be underway during the fourth quarter of this year, the Company intends to provide shareholders with an updated geological resource for Sao Chico by the end of the first quarter of 2015. With the second ball-mill now operating at Palito, some 25 kilometers away, it remain on course to see the first development ore from Sao Chico being delivered to the Palito process plant before the end of 2014.

Serabi Gold plc Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Operating Guidance for the Second Half of 2014 and First Quarter of 2015; Reaffirms Operating Guidance for 2014

Serabi Gold plc reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company's loss from operations increased by USD 699,749 to USD 1,666,202 from USD 966,453 for the three months ended 30 June 2013. This increase is primarily due to an increase in administration expenses of USD 676,407. Loss before taxation was USD 1,668,737 compared to USD 957,515 reported a year ago. Loss from continuing operations was USD 1,668,737 or 0.25 cents per basic and diluted share compared to USD 957,515 or 0.27 cents per basic and diluted share reported a year ago. Net cash used in operations was USD 4,861,947 compared to USD 2,443,496 reported a year ago. Purchase of property, plant and equipment and projects in construction was USD 1,531,155 compared to USD 3,705,076 reported a year ago. Exploration and development expenditure was USD 349,549 compared to USD 92,796 reported a year ago. For the six months, the company's loss from operations increased by USD 703,032 to USD 2,733,751 from a loss of USD 2,030,719 for the six months to 30 June 2013. The primary reason for this increase is due to an increase in administration costs from USD 1,714,386 for the six months ended 30 June 2013 to USD 2,394,018 for the six months ended 30 June 2014. Loss before taxation was USD 2,926,358 compared to USD 2,316,741 reported a year ago. Loss from continuing operations was USD 2,926,358 or 0.50 cents per basic and diluted share compared to USD 2,316,741 or 0.69 cents per basic and diluted share reported a year ago. Net cash used in operations was USD 8,544,500 compared to USD 3,570,346 reported a year ago. Purchase of property, plant and equipment and projects in construction was USD 2,291,845 compared to USD 5,784,467 reported a year ago. Exploration and development expenditure was USD 724,508 compared to USD 203,933 reported a year ago. With expanded milling capacity and the start of gold production from the CIP circuit during the third quarter, the company anticipates a strong second half of 2014. The commissioning of the CIP plant is expected to increase gold recoveries to over 90% which combined with the implementation of the second ball mill and the treatment of the stockpiled flotation tailings accumulated over the past six months, will increase the plant throughput and production significantly. The company remains on course to achieve its gold production forecast of 23,000-24,000 ounces of gold for 2014. The Company plans to generate an updated geological resource for Sao Chico in the first quarter of 2015.

Serabi Gold plc Announces Operating Results for the Second Quarter and Six Months Ended June 30, 2014

Serabi Gold plc announced operating results for the second quarter and six months ended June 30, 2014. For the quarter, the company mined ore of 15,808 tonnes. Milled ore was 18,645 tonnes. Gold production was 3,242 ounces. For the six months, the company mined ore of 27,195 tonnes. Milled ore was 32,695 tonnes. Gold production was 5,542 ounces.

 

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