Serabi Gold have released their Q3 Financial results yesterday. Revenue and earnings have significantly increased YoY. Revenue came in at $27.6m, which is a 59% increase YoY. This has been driven in almost equal parts of increased production and a stronger gold price. Earnings have followed, with EBITDA and PAT increasing 444% and 2,500% YoY. We expect a strong Q4 to follow with gold production increasing a further 24% on Q3 2024's production and the gold price to remain strong. The balance shee ....
29 Nov 2024
Strong Q3, Price Target Lifted
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Strong Q3, Price Target Lifted
Serabi Gold PLC (SRB:LON) | 129 -3.2 (-1.9%) | Mkt Cap: 97.7m
- Published:
29 Nov 2024 -
Author:
David Butler | Ivan Briechle -
Pages:
5
Serabi Gold have released their Q3 Financial results yesterday. Revenue and earnings have significantly increased YoY. Revenue came in at $27.6m, which is a 59% increase YoY. This has been driven in almost equal parts of increased production and a stronger gold price. Earnings have followed, with EBITDA and PAT increasing 444% and 2,500% YoY. We expect a strong Q4 to follow with gold production increasing a further 24% on Q3 2024's production and the gold price to remain strong. The balance shee ....