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 best ESG practices.Our shorter-term strategy is to increase production with guidance of 53,000–57,000 ounces in 2026 and become a 100,000–200,000 oz per annum Au producer within three to five years by:
- leveraging our extensive exploration portfolio
- capitalizing 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 and over 3 years from Coringa Mine
- Successful track record of resource replacement
- Near term production growth to 53,000-57,000 ounces in 2026. Future production growth will be driven by the expansion drill program at Palito Complex and Coringa Mine in combination with potentially expanding the Palito Complex mill with the two dormant ball mills at Coringa Mine
- One of the dormant ball mills at Coringa Mine to be installed and commissioned at Palito Complex by Q4-2026E which will increase throughput from 650tpd to 900tpd
Exploration
Identify high-quality opportunities through exploration within the Group’s highly prospective tenement holding
- Phase II of Serabi’s organic growth strategy to amass an enlarged consolidated resource of between 1.5Moz Au to 2.0Moz Au with the 2025 and 2026 brownfield exploration drill programmes (1.0Moz Au as of 2024)
- 2025 brownfield exploration drill programme increased consolidated resource from 1.0Moz to 1.4Moz; 2026 brownfield exploration drill programme underway
- 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 $2.7 million since the beginning of 2017.
- Direct employment of over 1,000 people in a historically poor region, with over 70% from within the State of Pará
- 100% Brazilian in-country management
Corporate opportunities
The Coringa Mine 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$49.2 million at 31 December 2025 in comparison to US$22.2 million at 31 December 2024. Balance sheet is debt free
- Robust cash flow generation expected