Highlights 

  • Serabi reported notable year-to-date gold production of 32,634 ounces for the nine months ended 30 September 2025. 
  • EBITDA nearly doubled year-over-year, reaching USD 48.2 million. 
  • The cash balance climbed to USD 38.8 million, reflecting strong operational momentum. 
  • The ore sorter at Coringa delivered higher-than-expected output. 
  • Exploration progress continues at both Palito and Coringa, supporting a larger long-term resource base. 

Serabi Gold plc (TSX:SBI) has released its unaudited interim results for the three and nine-month periods ended 30 September 2025, demonstrating a significant uplift across multiple operational and financial indicators. The company delivered gold production of 32,634 ounces during the first nine months, up from 27,499 ounces in the same period of 2024. This performance positions the miner on track to meet full-year expectations. 

The company also achieved a record Q3 production figure of 12,090 ounces. The ongoing contribution from the Coringa ore sorter, which has processed lower-grade ore economically while higher-grade material continues to be transported to Palito, provided meaningful operational upside. This dual-feed approach is expected to push Coringa’s annual output beyond original plans. 

Financial Acceleration Driven by Higher Gold Prices and Improved Operations 

Financial performance accelerated sharply in 2025. Serabi reportedEBITDAof USD 48.2 million for the nine-month period, nearly doubling the USD 24.7 million recorded in 2024. Revenues climbed to USD 104.5 million, supported by favorable average gold prices of USD 3,244 per ounce compared with USD 2,338 in the prior-year period. 

Cash generation remained a standout factor, with net cash inflow from operations of USD 34.3 million after mine development spending of USD 4.1 million. The company ended Q3 with USD 38.8 million in cash and net funds of USD 33.0 million.Year-to-dateearnings reached USD 34.9 million, equivalent to 46.10 cents per share — a near doubling from 2024 levels. While AISC averaged USD 1,816 per ounce, slightly upyear-over-year,marginsremained healthy due to higher realized gold prices and increased throughput. 

Growth Pipeline Strengthened by Ongoing Exploration and Resource Development 

Exploration and development activities continue to form an important part of Serabi’s strategy. A total of 27,937 metres of drilling has been completed to date across both the Palito Complex and Coringa. Early results support the company’s objective of expanding resources toward the 1.5–2.0-million-ounce range in the coming years. 

The Coringa ore sorter’s first full year of operation has exceeded expectations and is contributing to both operational flexibility and improved cost management. Thisassetremains central to Serabi’s plan to increase production capacity while optimizing grade recovery and plant efficiency. Combined with a strengthenedbalance sheet, Serabi enters the final quarter of 2025 with positive momentum and a clear path toward expanded output. 

Conclusion 

Serabi Gold plc’s interim results highlight a year of meaningful operational progress, improved financial performance, and encouraging exploration outcomes. With increasing production, expanding cash flows and strategic development across its Brazilian projects, the company remains positioned to advance its growth agenda into 2026. 

Serabi Golds’ shares closed at CAD 4.99, marking a 1.84% increase from the prior session.