Northwire Canada EditionFriday, November 6, 2026
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Gold 4,060.60 −1.3% Silver 51.88 −0.9% Copper 6.26 −0.1% Oil 90.13 −0.4% Palladium 1,015.50 −2.8% ELEF 0.120 +0.0% MUN 0.300 +0.0% SAGA 0.390 +4.0% GHL 0.060 +0.0% REVX 1.27 +14.4% AMX 3.53 +0.0% TSG 0.190 −15.6% EVI 0.390 +2.6% AGA 0.450 +1.1% BNKR 2.62 −0.8% SURG 0.415 +1.2% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.405 −1.2% TOM 0.100 +0.0% RRI 0.335 −2.9% Gold 4,060.60 −1.3% Silver 51.88 −0.9% Copper 6.26 −0.1% Oil 90.13 −0.4% Palladium 1,015.50 −2.8% ELEF 0.120 +0.0% MUN 0.300 +0.0% SAGA 0.390 +4.0% GHL 0.060 +0.0% REVX 1.27 +14.4% AMX 3.53 +0.0% TSG 0.190 −15.6% EVI 0.390 +2.6% AGA 0.450 +1.1% BNKR 2.62 −0.8% SURG 0.415 +1.2% AEMC 0.040 +0.0% LUXR 0.110 +0.0% RGC 0.405 −1.2% TOM 0.100 +0.0% RRI 0.335 −2.9%
Resource Estimate Routine +

Serabi Gold Files NI 43-101 Technical Report for the Palito Complex and Coringa Mine

Serabi’s technical report validates reserve growth despite AISC creep and permitting delays tempering the upside.

By The Northwire Desk — AI Analysis Jun 11, 2026 · 02:00 SBI · 5.59 Serabi Gold plc
Executive Summary
  • Serabi Gold filed NI 43-101 technical reports for its 100% owned Palito Complex and Coringa Mine in Brazil’s Tapajós region.
  • The filings contain updated Mineral Reserve estimates for Palito and updated Mineral Resource estimates for Coringa.
  • Reports were prepared by NCL Ingeniería y Construcción SpA and reviewed by CIM-recognized Qualified Persons.
  • The filings serve as regulatory validation of the scientific and technical data previously disclosed in the April 28, 2026 press release.
  • Operational context notes current production of 30,000–40,000 ounces annually at Palito, with a 2026 target of ~55,000 ounces following the Coringa ramp-up.
  • A copper-gold porphyry discovery on exploration licenses was also highlighted.
Material Impact
  • The filing is a procedural compliance step that validates the April 2026 reserve/resource update.
  • It confirms the technical basis for the company’s 2026 production guidance and supports the narrative of mine life extension at Palito.
  • No new financials, production numbers, or strategic shifts are introduced.
  • Given the stock already rallied ~85% from June 2025 lows on the April update and Q1 results, this filing is priced in.
  • Impact: Routine validation. Positive for long-term mine life visibility, but lacks the catalyst density to drive a material re-rating on its own.
SBI · Price
Company Overview
  • Serabi Gold plc is a producing gold miner focused on the Tapajós gold province in Pará, Brazil.
  • Assets: 100% owned Palito Complex (underground and open pit) and Coringa Mine (underground).
  • Operations: Currently producing 30,000–40,000 oz annually at Palito, with Coringa ramp-up targeting ~55,000 oz in 2026.
  • Infrastructure: Ore sorting plants at both sites improve grade recovery. Palito expansion includes a 4th ball mill to increase throughput.
  • Strategy: Self-funded organic growth, aggressive brownfield exploration, and disciplined capital allocation.
Read the original news release →

More from Serabi Gold plc

Oct 21, 2026 · 01:00

Serabi cuts FY26 guidance to flat as Coringa permits run out of runway.

Production / Operations Sep 22, 2026 · 01:00

Serabi reported a 69% H1 EBITDA increase despite near-zero Q2 free cash flow and a Coringa licence cliff.

Earnings Sep 21, 2026 · 01:00

Exploration Update for 2026 Brownfield Exploration Programme at Palito and Coringa Delivering High Grade Results

Drill Results Jul 23, 2026 · 01:00

Serabi targets 1.5-2 moz resources and 53 koz production in 2026 as Palito grades soften and Coringa transition slips.

Production / Operations Jun 18, 2026 · 17:35

Serabi confirms debt-free execution of its guidance, with the market pricing in routine growth for the project.

Drill Results May 29, 2026 · 02:00

Serabi Prints Cash at a $4,900 Gold Price, but Rising Costs and Permitting Hurdles Test the Rally

Earnings