Serabi Gold Achieves Record Quarterly Gold Production in Q3-2025

Overview

Serabi Gold plc, a prominent gold mining and development company focused on Brazil, announced a record gold production of 12,090 ounces for the third quarter of 2025. This result marks a 27% increase compared to the same period last year and demonstrates the company’s strong operational performance and effective strategy for investing in gold mining.

Q3-2025 Operational Highlights

• Record Gold Production: 12,090 ounces, up 27% year-over-year.
• Development Progress: 3,875 metres of horizontal mine development, a 17% increase from Q3-2024.
• Financial Strength: Cash reserves at $38.8 million (September 2025), an increase of $8.4 million from the previous quarter.
• Net Cash Position: $33.0 million at quarter-end, reflecting improved financial health.
• Production Guidance: On track to achieve full-year 2025 guidance of 44,000 – 47,000 ounces of gold.

Advancements in Exploration and Mine Development

Serabi Gold made considerable progress in its 30,000m brownfield surface drill program as part of Phase II growth strategy. Exploration led to the discovery of a new orebody at Coringa (Serra South zone), about 500 meters south of the existing Serra mine. The company also reported strike extensions at the Meio zone and significant expansions of the Senna orebody at the Palito Complex, enhancing its resource base and long-term production potential.

Key Drill Results

Prominent assay results from the Q3-2025 program include:

• 0.53m @ 151.00 g/t Au at Serra
• 1.36m @ 17.99 g/t Au at Senna
• 0.41m @ 13.95 g/t Au at Senna
• 3.40m @ 6.64 g/t Au at Senna, including 0.60m @ 26.80 g/t Au
• 0.79m @ 25.66 g/t Au at Serra
• Additional high-grade intercepts at Piaui, Arantes, and Galena zones These results, though awaiting independent verification in some cases, support the potential for significant resource growth in the near term.

Production and Investment Analysis

Gold production growth in Q3-2025 was driven by higher mined grades at both the Palito Complex and Coringa sites. Continued optimization at Coringa, including the effective use of ore sorting technology, allowed the company to process stockpiled low-grade ore profitably and increase overall gold output. The implementation of mechanized mining methods, especially at the Serra zone, contributed to safer, more efficient operations and improved investment returns.

Financial Performance

Serabi Gold reported cash balances of $38.8 million as of September 2025, compared to $22.2 million at the end of 2024. The company also secured a new $5 million loan from Banco Santander on competitive terms, further strengthening its balance sheet for future growth and ensuring resilient managing investments.

Strategic Outlook

With strong year-to-date production of 32,635 ounces and operational advances, Serabi Gold remains confident in reaching its 2025 production targets. Continued exploration and development are expected to bolster the company’s mineral resources up to 1.5 to 2.0 million ounces, supporting long-term performance stocks potential in the gold sector.

About Serabi Gold

Serabi Gold plc is a UK-headquartered gold mining company focused on the prolific Tapajós region in Brazil. The company’s operations at the Palito Complex and new developments at Coringa are central to its growth strategy for investing and increasing shareholder value in the coming years.

This content is for informational purposes only and does not constitute financial advice.