Serabi Gold targets 55,000 ounces by 2026 with Brazil mine expansion
Serabi Gold plc has announced plans to boost gold production to around 55,000 ounces by 2026. The increase follows the ramp-up of its Coringa Gold mine in Brazil. Alongside this, the company has declared a final dividend of 5.0 pence per ordinary share for shareholders. The UK-based company, with a secondary office in Toronto, specialises in gold exploration and production in Brazil’s Tapajós region. Currently, it produces between 30,000 and 40,000 ounces of gold annually from its Palito Complex. The upcoming expansion of the Coringa mine aims to push output significantly higher.
Shareholders will receive the dividend in GBP if registered in the UK. Canadian investors, however, will be paid in CAD, based on the exchange rate from 30 June 2026. Key dates include an ex-date of 25 June 2026, a record date of 26 June 2026, and a payment date of 10 July 2026. The company has also reported a new copper-gold porphyry discovery within its exploration licence area. Meanwhile, the Annual General Meeting is scheduled for 18 June 2026, with formal notice issued on 22 May 2026.
Serabi Gold plc’s production growth and dividend announcement reflect its ongoing expansion in Brazil. The Coringa mine’s ramp-up and recent exploration success could further strengthen its position in the region. Shareholders will receive payments according to their registration and currency requirements.
