Serabi Gold plc

Description

Serabi Gold plc (TSX: SBI) is a gold producer operating the 100%-owned Palito Complex and Coringa Mine in Pará, Brazil. The investment case combines high-grade underground resources, an established processing hub, Coringa’s production ramp-up, a debt-free balance sheet and US$65.7M of cash at 30 June 2026.
H1-2026 production totaled 23,049 oz, comprising 8,061 oz from Palito and 14,988 oz from Coringa. Full-year guidance remains above 53,000 oz, conditional on receiving Coringa’s full mining licence or extending its trial licence. The fourth Palito ball mill is scheduled for Q4 2026 and is expected to increase throughput from 650 tpd to approximately 900 tpd, or 330 ktpa in 2027. Coringa is transitioning to mechanised sublevel stoping, while Galena, Serra South, São Chico and the regional exploration portfolio provide additional production and exploration optionality.
Consolidated resources total approximately 0.731 Moz M&I at 9.1 g/t Au plus 0.653 Moz Inferred at 8.1 g/t Au. Palito Complex also contains approximately 0.228 Moz of Proven and Probable reserves at 6.2 g/t Au.

List of Projects:

Project 1: Palito Complex, Pará, Brazil — flagship producing gold complex, 100% owned. Palito and São Chico are underground mines feeding the Palito flotation/CIP processing plant; São Chico is currently paused while higher-grade Coringa ore is prioritised.

Project 2: Coringa Mine, Pará, Brazil — producing and ramping gold mine, 100% owned. Serra and Meio are producing while Galena and Serra South are under development; ore is sorted at Coringa and trucked to Palito for processing.

Project 3: Tapajós Exploration Portfolio, Pará, Brazil — regional gold and polymetallic exploration portfolio, 100% owned, including the Matilda gold-copper-molybdenum-tungsten porphyry target, Toucano high-grade gold prospect, and Ganso, Juca, Forquilha and other regional targets.

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