Serabi Gold - Unaudited Interim Financial Results 2016
SRB
Fri, 13 May 2016, 10:45am BST
Serabi Gold plc is a gold exploration and development company involved in the evaluation and development of gold deposits in Brazil.
Industry: Basic Materials
Contact: +44 (0)20 7246 6830
2nd Floor, 30-32 Ludgate Hill,uk
http://www.serabigold.com/home.cfm
Mike Hodgson, CEO, provides the highlights of the Interim Financial Results for the three month period to 31 March 2016. Gross profit from operations has increased by over 150% from US$1.5 million to US$3.8 million compared to the same quarter in 2015. The improvement in revenue reflects the increased level of gold production and a strong start to the year, putting Serabi in a strong position to meet their guidance of 37,000 ounces with an All-In-Sustaining Cost of between US$840 and US$870 per ounce.