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Pin to quick picksSerabi Share News (SRB)

Share Price Information for Serabi (SRB)

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Share Price: 67.50
Bid: 66.00
Ask: 69.00
Change: 1.00 (1.50%)
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Open: 66.50
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Serabi Mining Exploration Program Focused On Palito

Tue, 29th Jun 2010 09:02

LONDON (Dow Jones)--Serabi Mining PLC (SRB.LN) said Tuesday the current exploration program is focused on a number of promising geophysical anomalies highlighted by the 2008 airborne VTEM survey and subject to finalizing a drill contract and mobilizing, it will undertake an estimated 7,500 meters of diamond drilling on these targets over the remainder of the year. MAIN FACTS: -All of these anomalies lie within three kilometers of the existing Palito mine and plant. -With section lines spaced 100 meters to 200 meters apart this initial drill program is targeted only at discovery and, if successful, further drilling will be required before any discovery can be classified as a resource. -The five zones identified are located to the north-east, south-west and south-east of the established Palito resources. -The geophysical results for the areas to the south-west and south-east along strike are indicative of bodies that are potentially larger than Palito itself. -Views Palito as also having a potentially important strategic position, located, as it is, close to the main north-south highway of the region and with access to an established power grid. -Pleased to conclude a GBP3.6 million share subscription with Eldorado at 3 pence per share earlier this month, who as a result now have a 26.8% interest in Serabi. -Confident that both the suspension and fine placed upon Serabi Mineracao Limitada will be lifted in the near future. -Shares at 0800 GMT up 0.1 pence, or 2.4%, at 2.2 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires June 29, 2010 04:02 ET (08:02 GMT)
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14 Jun 2024 07:22

Serabi Gold "very optimistic" for rest of 2024; hails Coringa activity

(Alliance News) - Serabi Gold PLC on Thursday told its annual general meeting it as on track to achieve production guidance for 2024.

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13 Jun 2024 14:40

Serabi Gold on track to meet production guidance

(Sharecast News) - Brazil-focused gold miner Serabi Gold has reiterated full-year production targets after an acceleration of activity at its Coringa project as the production ramp-up continues.

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6 Jun 2024 14:52

UK shareholder meetings calendar - next 7 days

Friday 7 June 
Property Franchise Group PLCAGM
Trident Royalties PLCAGM
TruSpine Technologies PLCAGM
Monday 10 June 
Aterian PLCAGM
Griffin Mining LtdAGM
Lok'n Store Group PLCGM re takeover by Shurgard
Onward Opportunities LtdAGM
Oxford Nanopore Technologies PLCAGM
Pan African Resources PLCGM re capital reduction
Tuesday 11 June 
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Flowtech Fluidpower PLCAGM
MaxCyte IncAGM
Mobico Group PLCAGM
Newbury Racecourse PLCAGM
Nightcap PLCGM re fundraise
Phoenix Digital Assets PLCGM re up to GBP33.7 million fundraise
Tirupati Graphite PLCGM requisitioned by Walpole St Andrews Nominees
Tortilla Mexican Grill PLCAGM
Tufton Oceanic Assets LtdEGM
Wednesday 12 June 
Advanced Medical Solutions Group PLCAGM
Alina Holdings PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Aurora Investment Trust PLCAGM
BioPharma Credit PLCAGM
Brighton Pier Group PLCAGM
Digital 9 Infrastructure PLCAGM
EPE Special Opportunities LtdAGM
Foresight Solar Fund LtdAGM
Star Energy Group PLCAGM
Thursday 13 June 
Beacon Rise Holdings PLCAGM
Christie Group PLCAGM
Everyman Media Group PLCAGM
Hochschild Mining PLCAGM
Iofina PLCAGM
Jadestone Energy PLCAGM
Panther Metals PLCAGM
Pollen Street Group LtdAGM
Poolbeg Pharma PLCAGM
Serabi Gold PLCAGM
Smurfit Kappa Group PLCGM re WestRock deal
Sound Energy PLCAGM
Starwood European Real Estate Finance LtdAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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EXECUTIVE CHANGES: Pendragon chair to remain chair of Pinewood Tech

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and Friday this week and not separately reported by Alliance News:

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29 Apr 2024 20:48

IN BRIEF: Serabi Gold swings to profit; revenue climbs

Serabi Gold PLC - Brazil-focused gold mining and development company - Revenue rises to USD63.7 million in 2023 from USD58.7 million a year earlier. Swings to pretax profit of USD8.2 million from a loss of USD776,304. Gold production for the full year of 2023 increases to 33,153 ounces from 31,819 ounces.

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AIM WINNERS & LOSERS: Inspecs confident but Scirocco eyes AIM exit

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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17 Apr 2024 10:24

Serabi quarterly gold production rises; reiterates output guidance

(Alliance News) - Serabi Gold PLC on Wednesday reported an increase in its first quarter gold production and remains on track to meet its annual output guidance.

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8 Apr 2024 17:03

TRADING UPDATES: ECR Minerals confident on Creswick drilling results

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Apr 2024 11:00

Serabi Gold reports progress at Palito complex

(Sharecast News) - Serabi Gold updated the market on its regional exploration campaign at the Palito complex in the Tapajos region of Para State in northern Brazil on Monday, reporting significant progress and findings.

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31 Jan 2024 15:58

Serabi Gold renews trial licence for Coringa

(Sharecast News) - Serabi Gold announced the renewal of its trial mining licence for the Coringa mine on Wednesday.

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31 Jan 2024 11:36

IN BRIEF: Serabi Gold shares surge as Coringa trial licence renewed

Serabi Gold PLC - Brazil-focused gold mining and development company - National Mining Agency issues three-year renewal of Serabi's trial mining licence for its Coringa mine in north-central Brazil. New licence permits transportation of up to 50,000 tonnes of ore per year from Coringa for processing at Serabi's Palito Complex. Brazil's State Secretariat for Environment & Sustainability, or SEMAS, continues to analyse Serabi's application for the installation licence. Company is now permitted to install the planned crusher and ore sorter, expecting the latter to be operational by the fourth quarter. Serabi notes the agreement reached in July with the Bau indigenous territory's communities, which saw Kabu Institute and Mantino Indigenous Association representatives confirming their support for Coringa's long-term development.

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29 Jan 2024 17:17

Serabi reports improved full-year gold production

(Sharecast News) - Serabi Gold said in an update on Monday that in the fourth quarter of 2023, it achieved gold production of 7,891 ounces, and for the entire year, it recorded gold production of 33,153 ounces, marking a 4.2% year-on-year improvement.

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19 Dec 2023 13:33

Serabi Gold upbeat on latest exploration at Matilda

(Sharecast News) - Brazil-focussed miner and developer Serabi Gold updated the market on exploration at the Matilda Copper Prospect in the Tapajos region of Para State on Tuesday.

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30 Nov 2023 13:53

Serabi swings to third-quarter profit as production grows

(Sharecast News) - Brazil-focussed gold miner Serabi Gold reported total third-quarter gold production of 8,738 ounces on Thursday - a slight increase from 8,541 ounces in the same period in 2022.

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28 Nov 2023 13:35

EARNINGS AND TRADING: Treatt revenue up; Crossword cuts outlook

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and Monday and not separately reported by Alliance News:

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