Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Production / Operations Neutral

Reports Q2-2026 Production & Operational Highlights

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

By The Northwire Desk — AI Analysis Jul 23, 2026 · 01:00 SBI · 5.06 Serabi Gold plc
Executive Summary

Serabi Gold plc reported second-quarter 2026 gold production of 11,007 ounces, a 5% increase year-over-year, bringing first-half 2026 output to 23,049 ounces. The company remains debt-free with $65.7 million in cash and reaffirmed its full-year 2026 production guidance of "above 53,000 ounces," a target now explicitly conditioned on the awarding of the Coringa installation licence (LI) by the fourth quarter of 2026.

Operational updates indicate that the fourth ball mill at Palito is on schedule and within budget for completion in Q4-2026. Meanwhile, the transition to mechanized sublevel stoping at Coringa is now targeted for completion by Q4-2026, a shift from the previous Q3-2026 timeline. Consolidated resource estimates remain unchanged at 731,000 ounces in Measured and Indicated categories and 653,000 ounces Inferred.

Material Impact

Serabi Gold plc (SBI) released a routine quarterly production update, reaffirming its full-year guidance of more than 53,000 ounces. The company produced 11,007 ounces in the second quarter, down from 12,042 ounces in the first quarter. The update also noted a one-quarter delay in the mechanization timeline at the Coringa project and highlighted a growing reliance on the LI permit to meet full-year guidance.

No cost figures were provided in the release, leaving unaddressed the significant increase in all-in sustaining costs (AISC) to $2,293 per ounce in the first quarter of 2026, compared to $1,816 per ounce in fiscal year 2025. The news aligns with a market that has already experienced a 25% correction from its May highs.

SBI · Price
Company Overview

Serabi Gold plc (SBI) is a UK-headquartered gold producer that owns 100% of the Palito Complex and the Coringa Mine in the Tapajós region of Pará, Brazil. Ore from the Coringa Mine is crushed and pre-concentrated by ore sorter before being trucked approximately 200 km to the Palito processing plant. The company is currently executing a three-phase growth plan aimed at reaching production of over 100 kozpa.

Read the original news release →

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