Northwire Canada EditionFriday, November 6, 2026
Sign inSubscribe
Northwire
⌕
Gold 4,060.30 −1.3% Silver 51.88 −1.0% Copper 6.27 −0.1% Oil 90.27 −0.3% Palladium 1,013.50 −2.9% 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 4,060.30 −1.3% Silver 51.88 −1.0% Copper 6.27 −0.1% Oil 90.27 −0.3% Palladium 1,013.50 −2.9% 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%
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

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 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