Northwire Canada EditionMonday, September 21, 2026
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GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6% GOLD 4424.90 +0.6% SILVER 67.15 +1.6% COPPER 6.69 +0.5% OIL 96.08 −5.7% PALLADIUM 1319.50 +1.3% ARIC 0.760 −1.3% DCOP 0.095 +0.0% GLO 0.620 +3.3% CCM 0.770 +1.3% FAN 0.750 +2.7% FL 0.450 −1.6% BGF 0.030 +0.0% KLD 2.25 −0.4% SLVR 1.17 +1.7% LEM 0.250 +0.0% GENM 0.610 −3.2% SICO 9.80 +1.0% CTV 0.125 +0.0% CTM 0.140 +0.0% RSMX 0.110 −4.3% FT 0.145 +3.6%
Drill Results Routine +

Annual General Meeting Statement

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

By The Northwire Desk — AI Analysis Jun 18, 2026 · 17:35 SBI · 6.0 Serabi Gold plc
Executive Summary
  • The AGM statement confirms record 2025 gold production of 44,169 ounces (an 18% increase over FY2024) and approximately $30M in cash generation.
  • The company completed a 30,000m brownfield exploration program that increased its total resource inventory from 1.0Moz to 1.4Moz.
  • A new 30,000m exploration program is launched for 2026 to target 1.5-2.0Moz.
  • Operational expansions include the ramp-up of Coringa Mine's Meio and Galena zones, successful ore sorter utilization to boost throughput, and Palito Complex grade improvements.
  • A capex-light 4th ball mill installation at Palito will increase plant capacity to 900tpd.
  • Licensing progress at Coringa is advancing, with FUNAI and INCRA approvals secured, clearing the path for the permanent Installation License (LI) from SEMAS.
  • Q1 2026 production exceeded 12,000 ounces, with H1 2026 expected to match 2025 rates.
  • The company is on track to be debt-free by early 2026 (actually achieved in January 2026) and will self-fund all future capital and exploration.
Material Impact
  • The AGM update is Routine - Positive. It validates management's execution of the 2025/2026 growth plan, debt elimination, and resource expansion. The market has already priced in the debt-free status and production beats (stock appreciated from ~$3.30 in mid-2025 to ~$6.30 in mid-2026). No new transformative catalysts are introduced; the release serves as a confirmation of prior guidance and operational momentum.
SBI · Price
Company Overview
  • Serabi Gold plc is a producing gold miner operating in Brazil's Tapajós region.
  • Assets: Palito Complex (100% owned) and Coringa Mine (100% owned).
  • Palito: Open pit and underground operations, processing plant currently at 650tpd expanding to 900tpd.
  • Coringa: Underground mine transitioning to mechanized sublevel stoping, utilizing an ore sorter for pre-concentration.
  • Jurisdiction: Brazil (Tapajós), known for high-grade gold but requires careful permitting (FUNAI, INCRA, SEMAS).
Read the original news release →

More from Serabi Gold plc

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 11, 2026 · 02:00

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

Resource Estimate May 29, 2026 · 02:00

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

Earnings May 13, 2026 · 03:14

Management’s performance share vesting crystallizes the fruits of a record year but offers no new market catalyst.

Other May 11, 2026 · 01:00

Audited full-year numbers cement a record 2025; maiden dividend and a debt-free balance sheet position the company for self-funded growth, but the market had already priced in the news.

Earnings