Serabi Gold Boosts Production, Resources Amid Licensing Hurdles
Event summary
- Serabi Gold produced a record 44,169 ounces of gold in 2025, an 18% increase from 2024, driven by Coringa Mine ramp-up and grade improvements at Palito Complex.
- Total resource inventory grew from 1.0Moz to 1.4Moz by January 2026, following a 30,000m brownfield exploration drilling campaign.
- Coringa Mine's ore sorter enabled processing of low-grade stockpiles, boosting production beyond initial plans.
- Palito mine's plant feed grades increased to 6.04 g/t gold in 2025 from 4.86 g/t gold in 2024, focusing on quality over quantity.
- Serabi aims to secure a permanent Installation License (LI) for Coringa Mine by January 27, 2027, pending approvals from FUNAI and INCRA.
The big picture
Serabi Gold's strategic focus on brownfield exploration and operational efficiency has positioned it for sustained growth amid volatile gold prices. The company's ability to navigate regulatory hurdles and secure permanent licensing for Coringa Mine will be critical for long-term production scalability. With a debt-free status and strong cash generation, Serabi is well-positioned to capitalize on its resource expansion and production increases.
What we're watching
- Licensing Timeline
- Whether Serabi can secure the permanent Installation License (LI) for Coringa Mine by January 27, 2027, contingent on FUNAI and INCRA approvals.
- Production Growth
- The pace at which Serabi can sustain and increase production in 2026, particularly with the installation of the 4th ball mill at Palito Complex.
- Resource Expansion
- How the additional 30,000m brownfield exploration program in 2026 will impact the company's Phase II growth target of 1.5Moz to 2.0Moz Au.