Serabi recently provided its production update for the third-quarter of FY25 in which it reported record quarterly gold production of 12,090 ounces, with its cash balance increasing by $8.4m to $38.8m (net $33.8m). This strong operational performance and recent further improvements in the gold price, prompts us to revisit our valuation, which we now see at 386p per share (was 282p per share).
