Curated News
By: NewsRamp Editorial Staff
May 02, 2024
Serabi Gold CEO Discusses Double-Digit Increases in Q1 Gold Production
TLDR
- Serabi Gold reports a 12.5% increase in Q1-2024 gold production, demonstrating significant progress and potential advantage for investors.
- Serabi Gold's Q1-2024 gold production increased to 9,007 ounces, with the Coringa project contributing 3,871 ounces at mined grades of 6.39 g/t gold.
- Serabi Gold's progress in gold production demonstrates its commitment to delivering value to stakeholders and maintaining its position as a leading player in the industry.
- Serabi Gold's successful arrival of a new ore sorter for the Coringa project and record quarterly ore processing at the Palito plant showcase exciting developments in the gold mining industry.
Impact - Why it Matters
The increase in gold production and ongoing project advancements at Serabi Gold showcase the company's commitment to delivering value to stakeholders and maintaining its leading position in the industry. Investors and stakeholders in the mining sector should take note of these significant developments, as they indicate potential growth and stability within the company.
Summary
Serabi Gold CEO Michael Hodgson shared the company's first-quarter highlights, including a 12.5% increase in gold production compared to the previous year. The Coringa project contributed significantly to this growth, and the company remains on track for future milestones, such as the commissioning of a new ore sorter in Q4-2024. Serabi Gold is reiterating its FY2024 consolidated gold production guidance of 38,000 – 40,000 ounces, demonstrating confidence in its operational capabilities and project advancement strategies.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Serabi Gold CEO Discusses Double-Digit Increases in Q1 Gold Production
