Serabi Gold PLC (LON: SRB) is a United Kingdom domiciled gold exploration and mining company which is focused on production and exploration of gold in the country of Brazil. The company has two principal mining assets, the Palito Mining Complex and the Coringa Gold Project, both of which are fully owned by the company and are located in the Tapajos region of northern Brazil. The Palito Mining Complex which currently produces approximately 40,000 ounces of gold per annum is spread over 50,800 hectares of contiguous and highly prospective exploration ground. The Coringa Gold Project comprises an eight-kilometer continuous strike of historical artisanal mines, and the company expects Coringa will produce an additional 38,000 ounces of gold per annum when it is full production. Initial development of the Coringa Gold Project is expected to be started during 2020.
Source: Kalkine Media
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