Northwire Canada EditionSaturday, July 11, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
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 →

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