From GlobeNewswire: 2025-06-26 11:19:00

Serabi Gold plc will be holding its Annual General Meeting today at 4:00PM BST. The Chief Executive, Mr. Mike Hodgson, will discuss the company’s achievements in 2024, including a 17% increase in production over 2023, commissioning of ore sorting at Coringa, and completion of an updated Preliminary Economic Assessment. Production has continued to increase in 2025, with a target of over 44,000 ounces by mid-year. The company has made significant improvements in processing ore through ore sorting, resulting in higher grades and increased production at both Palito and Coringa mines.

The company has seen improvements in mined grades at the Palito mine, with grades averaging 7 g/t gold in 2025 compared to 5 g/t gold in 2024. Serabi Gold has also initiated a $9M brownfield surface exploration program across both sites to increase the current 1Moz resource inventory. The company remains optimistic for the rest of 2025, with strong economic tailwinds and a growing cash balance. Both Palito and Coringa mines have the potential to host one-million-ounce gold deposits, with plans to continue exploration and resource growth over the next few years.



Read more at GlobeNewswire: AGM Statement