Serabi Gold Posts Strong H1 2026 Results Amid Rising Costs and Regulatory Hurdles — Serabi Gold plc

Event summary

Serabi Gold reported a 6% increase in gold sales to 21,348 ounces for H1 2026, up from 20,215 ounces in H1 2025.
EBITDA surged 69% to $44.4 million, driven by higher gold prices and operational performance.
Cash reserves grew to $65.7 million, up from $49.2 million at the end of 2025, with the company remaining debt-free.
All-In Sustaining Cost (AISC) rose to $2,682 per ounce, up from $1,792 per ounce in H1 2025, due to higher production costs.
SUDAM approved a 10-year extension of the Corporate Income Tax reduction for the Palito Gold Complex, maintaining a rate of approximately 15.25%.

The big picture

Serabi Gold's strong H1 2026 results highlight its operational resilience amid volatile gold prices and rising costs. The company's strategic focus on regulatory compliance and exploration positions it for long-term growth, but its ability to navigate regulatory hurdles and manage costs will be critical. The mining sector's broader trends of cost inflation and regulatory scrutiny add context to Serabi's performance, emphasizing the need for operational efficiency and strategic adaptability.

What we're watching

Regulatory Approvals: The pace at which Serabi secures the GUIA licence extension and full mining concession will determine its ability to ramp up production at Coringa.
Cost Management: Whether Serabi can sustainably reduce its AISC amid rising production costs and one-time G&A charges.
Exploration Success: The impact of the ongoing 30,000m drill programme on future resource growth and long-term value creation.