Last week, Serabi Gold released its Q1 unaudited interim results for the three-month period ended 31 March 2025. Production and net cash were reported in their Q1 production update, so the focus of the note is on earnings and cash flows. Overall earnings and cash flows have significantly improved year on year (see fig 1 below), driven in part by a stronger gold price (up 39%) and increased production and related sales (up 11% and 8%). The company generated $12m in EBITDA, and $9m in PAT equating ....
