Serabi Gold reported EBITDA for its first quarter, the three months to 31 March, rose to $29.2 million from $12.4 million in Q1-2025, supporting a post-tax profit of $21 million.
On a per-share basis, basic earnings rose to 27.72 cents from 11.58 cents a year ago.
Production and sales volumes increased year-on-year, with gold production of 12,043 ounces, from 10,013 ounces in 2025, and gold sold of 10,323 ounces up from 9,699 ounces, while the average realised price jumped to $4,926/oz from $2,908/oz in the same period last year.
The gold miner finished the quarter with $64.4 million of cash, after fully repaying a $5.3 million unsecured loan with Banco Santander in January, and it now carries no debt.
Operational cash flows were described as strong, with a net cash inflow from operations of $24.2 million in the quarter, up from $7.1 million a year ago, and it highlighted that EBITDA was supported by higher grades at Palito and a ramp at Coringa.
Costs rose as Coringa ramped up, with cash cost of $1,863/oz and AISC of $2,293/oz for the quarter, the company said.
"The first quarter of 2026 marked a strong start to the year, building on the positive momentum in 2025," said Colm Howlin, Chief Financial Officer.
