Serabi Gold plc Strengthens Investment with New Institutional Partners
Introduction to Serabi Gold plc
Serabi Gold plc is a gold exploration and production company focused on the rich Tapajós region in Brazil. With its impressive operational track record, the Company has consistently produced between 30,000 to 40,000 ounces of gold annually from the Palito Complex, while ambitiously aiming to double production with the anticipated Coringa Gold project.
Recent Investment Highlights
Recently, Serabi Gold plc announced the successful placement of approximately 20.7% of its issued capital to a carefully selected group of institutional investors from the UK and Europe. This notable transaction involved a total of 15,689,395 ordinary shares, which were previously held by Greenstone Resources II LP and Fratelli Investments Limited. The strategic move signifies strong confidence from existing and new shareholders alike.
Investor Confidence and Shareholder Support
Michael Hodgson, the CEO of Serabi, expressed his gratitude towards the new UK and European institutional shareholders. He acknowledged their faith in the management’s ability to realize its vision and objectives. Furthermore, he recognized the unwavering support from departing shareholders Greenstone and Fratelli, emphasizing the collaborative nature of this transaction. This not only provided value for exiting shareholders but also maintained stability for all stakeholders involved.
Exploration and Production Goals
Serabi Gold continues to invest in exploration activities that promise exciting potential for further discoveries. The discovery of new copper-gold porphyry deposits on its extensive exploration license exemplifies the Company’s commitment to expanding its resource base. The efforts to double production at the Coringa Gold project reinforces its vision to cement its position in the gold market.
Quality Control in Assays
As part of its commitment to high operational standards, Serabi Gold conducts rigorous quality control of its assay results. The Company utilizes its own on-site laboratory for preliminary assessments of drilling samples while ensuring that these results correlate with independent laboratory evaluations. This dual verification process underscores the reliability of the data that informs their resource estimations.
Management Expertise
At the helm of Serabi Gold, Michael Hodgson brings over three decades of mining experience to the Company. As an economic geologist with extensive credentials, including multiple degrees and professional recognitions, he leads the team with a clear focus on achieving operational excellence and sustainable growth in the mining sector.
Continuing Partnerships
Serabi Gold’s relationships with financial partners, brokerages, and advisors continue to strengthen its market position. Collaborating with firms such as Beaumont Cornish Limited, Peel Hunt LLP, and Tamesis Partners LLP enhances the Company’s strategic outlook and investor engagement, aiding in navigating market complexities.
Conclusion
Serabi Gold plc's recent initiatives illustrate a robust strategic framework aimed at enhancing shareholder value while progressing on exploration and production fronts. As the Company works on increasing its share capital and extending its operational capacities, it remains committed to its guiding philosophy of transparent and responsible mining practices.
Frequently Asked Questions
What is Serabi Gold plc known for?
Serabi Gold plc specializes in gold exploration, development, and production, primarily in the Tapajós region of Brazil.
How has Serabi Gold strengthened its investment?
The Company has successfully placed approximately 20.7% of its issued capital with new institutional investors, reflecting a strong endorsement of its strategy.
Who is the CEO of Serabi Gold plc?
Michael Hodgson serves as the CEO and has over 30 years of experience in the mining industry.
What are the production goals of Serabi Gold?
Serabi Gold aims to increase its production capacity significantly, with plans to double output in the coming years through the development of new projects.
How does Serabi ensure the quality of its assay results?
Assays are performed in the Company’s on-site laboratory and are corroborated with results from accredited independent laboratories for quality control.
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