Serabi Gold Expands Capacity and Exploration Amid Record Gold Prices

Event summary

  • Serabi Gold to install a 4th ball mill at Palito Complex, increasing annual processing throughput to 330ktpa by Q4-2026.
  • 2025 brownfield exploration program completed, with 38,400m of drilling and 154 diamond drill holes, including several high-grade intercepts.
  • 2026 exploration budget set at $9M for 30,000m of diamond drilling to grow mineral inventory to 1.5Moz+.
  • Coringa mine transitioning from selective open stoping to longhole open stoping to increase output and reduce costs.
  • Consolidated production guidance for 2026 remains 53,000 – 57,000 ounces gold.

The big picture

Serabi Gold is capitalizing on record gold prices to expand processing capacity and exploration efforts. The company's strategic focus on mechanized mining and ore sorting aims to improve operational efficiency and output. The broader industry trend of brownfield exploration highlights the importance of maximizing existing assets in mature mining regions. Serabi's ability to secure regulatory approvals will be critical to unlocking the full potential of its Coringa mine.

What we're watching

Resource Growth
Whether the 2026 exploration program can deliver on the goal of growing the mineral inventory to 1.5Moz+.
Operational Efficiency
The pace at which the transition to longhole open stoping at Coringa can improve output and reduce costs.
Regulatory Approvals
How quickly Serabi can secure the full mining license for Coringa, given the ongoing approval processes with ANM, INCRA, and FUNAI.