Serabi Gold H1 revenue jumps 60% on higher gold prices and production

Serabi Gold

22/09/2026 06:12

Overview
Gold miner Serabi's H1 revenue grew sharply yr/yr, driven by higher gold sales and prices
EBITDA and EPS for H1 2026 rose significantly compared to prior year
Company remains debt-free after repaying Banco Santander loan in Q1-2026

Outlook
Serabi Gold maintains 2026 gold production guidance at 53,000+ ounces, subject to regulatory approvals
Company says timing for regulatory approvals at Coringa remains uncertain, with updates expected in Q4-2026
Serabi Gold continues brownfield exploration in 2026 with a 30,000m drill programme at Palito Complex and Coringa

Result Drivers
HIGHER GOLD PRICES - Co said average realised gold price per ounce increased to $4,687 in H1-2026 from $3,093 in H1-2025, boosting revenue and profitability
RAMP-UP AT CORINGA - Co said increased cash cost and AISC were largely driven by continued ramp-up at Coringa mine and one-time G&A charges
COMMERCIAL PRODUCTION AT MEIO ZONE - Co said costs associated with mining the Meio zone are now included in cash cost and AISC as the zone reached commercial production

Company press release: ID:nGNE75TB6P

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 EPS
 
$0.40
 
H1 EBITDA
 
$44.40 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 GBp410.00, about 53% above its September 21 closing price of GBp268.00
The stock recently traded at 2 times the next 12-month earnings vs. a P/E of 3 three months ago

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(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.)