Vision and Strategy
Our vision is to become the premier gold growth company in Brazil by working in partnership with our stakeholders through responsible stewardship whilst employing the best ESG practices. Our shorter-term strategy is to increase production to 60,000 oz pa Au by end 2026 and become a 100,000 – 200,000 oz pa Au producer within 3-5 years by:
- Leveraging our extensive exploration portfolio
- Capitalising on management’s proven track record of successfully developing and operating mines in Brazil
- Engaging in strategic M&A
In the near term, implementing our strategy will significantly increase production and improve profitability, whilst advancing multiple development opportunities.
This growth will:
- Reward shareholders
- Develop our employees and reward their performance
- Enhance the local economy and enrich community life
Strategic Pillars
Sustainable production
Producing operations provide the foundation for longer term growth
- Over 10 years of continuous gold production from the Palito Complex
- Successful track record of resource replacement
- Near term production growth to over 60,000 oz pa Au for 2026, is
expected to drive an AISC reduction
Exploration
Identify high-quality opportunities through exploration within the Group’s highly prospective tenement holding
- Near mine exploration at Palito and Coringa to target a 1Moz Au resource at each project
- 84,000ha exploration tenements in the highly prospective and underexplored Tapajós gold district
- Exploration partnerships are being pursued to provide exposure to copper exploration and development in the Group’s tenements
Development
Leverage off an experienced work force, strong community and regional support to bring new opportunities into production
- Seasoned, technically focussed management team with deep experience in Pará and Brazil
- Well established relationships with local communities. Historic expenditure on community support programmes of over $2 million since the beginning of 2017
- Direct employment of approximately 700 people in a historically poor region, with over 70% from within the State of Pará
- 100% Brazilian in-country management
Corporate opportunities
The Coringa project is a demonstration of Serabi’s ability to acquire complimentary development projects offering attractive financial returns and maintaining a focused gold production company
- Well-funded to pursue near-term growth opportunities
- Cash balance of US$22.2 million at 31 December 2024 in comparison to US$11.6 million at 31 December 2023. Net cash position of US$16.2 million (no long-term debt).
- Robust cash flow generation expected