Q4 2024 Production Results and Operational Highlights
July 4, 2025
“2024 was a highly successful year for Serabi with many milestones achieved. These include a 13% increase in annual gold production, permitting progress at Coringa with the renewal for three years of the trial mining permit, the successful build and commissioning of the Coringa classification plant out of cashflow, whilst ending the year with a healthy cash position,” says CEO, Mike Hodgson.
Highlights:
🎯 Q4-2024 gold production of 10,022 ounces, the highest in the past 5 years
📈 FY gold production of 37,520 ounces, a 13.2% increase on FY2023
🛠️ Commissioned Coringa classification plant (crusher and ore sorter)
💰 Cash as at 31 December 2024: $22.2 million (30 September 2024: $20.0 million)
✅ Net cash at quarter-end (after interest bearing loans and lease liabilities) of $16.2 million (31 December 2023: $5.0 million).
⛏️ 2025 consolidated production of 44,000 – 47,000 ounces gold.
Read the full release: https://shorturl.at/JU1o3