Serabi Gold reports on vastly improved quarter
13th May 2016 15:34
(ShareCast News) - Brazil-focused mining and development company Serabi Gold reported on a quarter of growth on Friday, with revenue up to $11.7m in the three months to 31 March, from $7.5m a year earlier. The AIM-traded company also reported an increased cost of sales, at $6.7m against $4.9m, and i
Read moreSerabi Gold reports strong trading in first quarter
20th Apr 2016 16:21
(ShareCast News) - Serabi Gold continued its growth trajectory in the first quarter of 2016, it reported on Wednesday, with some solid numbers coming out of both its Palito and Sao Chico mines. The AIM-traded, Brazil focused gold mining and development firm produced 9,771 ounces of gold during the q
Read moreSerabi Gold reports solid end to 2015 production
1st Feb 2016 14:21
(ShareCast News) - Serabi Gold was looking ahead with optimism on Monday, as it updated the market on its third quarter production at its mining operations at Palito and Sao Chico in Brazil. The AIM-traded Brazil-focused gold mining and development company said that, in the final quarter of 2015, it
Read moreSerabi Gold secures convertible loan facility
31st Dec 2015 08:47
(ShareCast News) - Serabi Gold said major shareholder Fratelli Investments Limited has agreed to provide it with an interim unsecured short-term working capital convertible loan facility of $5m (£3.4m). The Brazil-focused gold mining and development company said the loan is for a period expiring
Read moreSerabi soars as it expects 2014 shortfall to be swiftly recovered this year
20th Jan 2015 15:19
Gold developer Serabi Gold delivered good news to its shareholders on Tuesday, after saying that it expected the shortfall in gold production to be quickly recovered in 2015. Total gold production for 2014 was 18,452 ounces of gold, missing group's estimates of 23,000 to 24,000 ounces, the group sai
Read moreCEO and CFO of Eland Oil & Gas show faith in company's future
4th Jun 2014 16:03
The Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of AIM-listed Eland Oil & Gas have purchased a total of 100,000 shares. The largest deal was made by CEO Leslie Blair, who bought 80,000 shares at 109.30p each for a total spend of £87,440. CFO George Maxwell spent a more modest
Read moreMonday broker round-up UPDATE
24th Jun 2013 07:36
Andor Technology: WH Ireland cuts target price from 500p to 380p, while staying with its buy recommendation. Investec upgrades from hold to buy with a target price of 360p. Ashtead Group: Numis raises target price from 582p to 640p, while downgrading to hold. Bellzone Mining: Investec lowers targe
Read moreShares jump as Serabi Gold completes dewatering of Palito mine
25th Feb 2013 13:13
Shares in AIM-listed Serabi Gold rose on Monday after the Brazil-focused gold mining and exploration company published its second operational update on mining operations at its high-grade Palito gold mine in Para state. The company reported that it had completed dewatering of the mine in January an
Read moreSerabi gold issues 13.6m shares to board directors
28th Jan 2013 13:02
AIM-listed mining company Serabi Gold has awarded 13.6m shares to members of its board, a statement issued by the company on Monday disclosed. The company, which is currently transitioning from a gold exploration business to a mine developer, stated that gold production is expected to go ahead befo
Read moreResources round-up: Kalimantan Gold, Serabi Gold, Ariana Resources
2nd Oct 2012 10:21
Kalimantan Gold plunged 22 per cent after it said Tigers Realm Metals had pulled out of drilling at its Jelai epithermal gold project in Indonesia. "TRM did not see the results it expected in [its] modest 6-month drill test and they have provided notice to withdraw from the option deed effective Sep
Read moreSerabi strikes 'bonanza' grade gold in Brazil
24th Nov 2011 11:11
Serabi Mining, the Brazil-focused gold exploration company, says test drilling suggests the size of its Palito deposit may be 80% greater than first thought. The drilling programme, which began in late October and ran through to the middle of November, involved digging eight holes. Test results rec
Read moreSerabi Mining discovers areas of interest
22nd Nov 2011 08:04
Serabi Gold, the Brazilian focused exploration company, has discovered areas of geological interest in the results of its recently completed 2011 'Eastern Block' induced polarization (IP) ground geophysical survey in the Jardim do Ouro project. The results indicate a number of IP chargeability anom
Read moreLondon close: Shares end week on a high
21st Jan 2011 16:59
London's leading share index went into the weekend on a high after falls the previous two days. Royal Bank of Scotland led the top share index higher after the FT reported that bank executives and officials at the Treasury are talking about ways for the bank to exit the toxic asset scheme. After
Read moreLondon afternoon: Miners lead revival
21st Jan 2011 14:35
After yesterday's triple-digit fall the Footsie has clawed back around half of those losses, helped by a strong performance from miners. Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters
Read moreSmall caps round-up: African Eagle, Finsbury Food, Thor Mining
21st Jan 2011 12:08
African Eagle's £3.7m placing at 15.5p a share was oversubscribed by new and existing institutional shareholders, the company said Friday. Chairman Euan Worthington said the firm, which is pinning its hopes on the Dutwa nickel project in Tanzania, had enough cash to complete a pre-feasibility study
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