Serabi Gold Reports $100.1 Million In First-Half Revenue As Gold Production Rises 12% - Pulse 2.0

AI desk brief

Serabi Gold reported strong H1 2026 results on a combination of higher output and much higher realized gold prices, with revenue rising 60% y/y to $100.1 million and net profit up to $30.1 million. Gold production increased 12% to 23,049 oz, sales rose 6% to 21,348 oz, and the average realized price jumped 52% to $4,687/oz, lifting gross profit to $50.3 million and operating profit to $40.0 million.

Cash generation improved sharply, with net operating cash flow of $40.1 million and cash on hand increasing to $65.7 million. Costs also rose as the company expanded mining activity, with operating costs up to $43.6 million and the stronger Brazilian real adding to reported expenses; Serabi also repaid a $5.3 million Santander working-capital loan.