Meet the Team – Mike Hodgson

August 13, 2025

Mike Hodgson, CEO of Serabi Gold, brings 18 years of specialized underground mining expertise to one of Brazil’s most successful small-scale gold operations. With extensive experience across global mining jurisdictions including Zambia, Portugal, Greece, Bolivia, and the Philippines, Hodgson has developed rare expertise in selective underground mining operations that directly translates to exceptional value creation in Brazil’s challenging mining environment.

Serabi’s strategic positioning in Brazil’s Tapajós region represents a significant competitive advantage in a country with only 31 underground mines nationwide. The company’s 22-year operational history at Palito has established deep community relationships and regulatory credibility that proved invaluable in expanding through the Coringa acquisition. This local trust and infrastructure foundation enables efficient permitting and operations in a jurisdiction where community support often determines project success or failure.

The company’s financial transformation reflects both operational excellence and strategic timing. Production growth from a plateau of 40,000 ounces to a targeted 60,000-70,000 ounces, combined with dramatically improved margins in the current gold environment, has generated exceptional cash flow growth. Starting 2024 with $22 million, Serabi expects to end the year approaching $50 million in cash while funding all growth capital and a $10 million brownfields exploration program from operations—demonstrating sustainable, debt-free expansion.

Hodgson’s “grade pays, tonnage costs” philosophy drives consistently high margins through selective mining practices rather than scale-chasing strategies that often destroy value. The underground operations maintain minimal environmental footprint while the innovative ore sorting technology at Coringa reduces processing costs and transportation requirements. This technical approach, combined with strong local relationships and proven geological expertise, positions Serabi as a rare pure-play underground gold producer with sustainable competitive advantages in Brazil’s emerging underground mining sector.

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