Serabi Gold released their Q3 financial results today, reporting significant year-on-year growth in revenue and earnings. Revenue reached $42.0m, representing a 52% increase y-o-y, driven by higher production (a record 12koz) and a strong gold price environment. Earnings have followed suit, with EBITDA and PAT increasing y-o-y 87% and 86% respectively. The EBITDA figure was below our forecast due to higher operating costs ($1,816/oz vs our estimate of $1,708/oz). This is understandable given the ....
