Serabi Gold's Q1 profit jumps on higher gold prices and output

Serabi Gold

29/05/2026 07:08

Overview
Gold miner's Q1 revenue nearly doubled on higher gold output and prices
Q1 post-tax profit and EPS more than doubled from a year earlier
Company ended Q1 debt free after repaying $5.3 mln loan, cash balance rose to $64.4 mln

Outlook
Serabi expects to increase gold production in 2026, driven by ramp-up at Coringa mine

Result Drivers
HIGHER PRODUCTION - 20% increase in gold output driven by higher feed grades at Palito and Coringa, and start of production from Meio zone at Coringa
GOLD PRICE UPLIFT - Average realized gold price rose 69% year-on-year, supporting revenue growth
HIGHER COSTS - Cash cost and AISC increased due to ramp-up at Coringa and inclusion of Meio zone mining costs

Company press release: ID:nGNE5yzjHt

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
 
$0.28
 
Q1 Post-Tax Profit
 
$21 mln
 
Q1 EBITDA
 
$29.2 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy."
Wall Street's median 12-month price target for Serabi Gold PLC is GBp445.00, about 29.9% above its May 28 closing price of GBp342.50
The stock recently traded at 3 times the next 12-month earnings vs. a P/E of 4 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)