Unaudited interim results for the three and nine-month periods ended 30 September 2025

Core Insights - Serabi Gold plc reported strong financial and operational performance for the nine months ending September 30, 2025, with significant increases in gold production, EBITDA, and cash inflow compared to the same period in 2024 [5][6][10]. Financial Performance - Gold production increased by 19% year-on-year, totaling 32,634 ounces for the nine-month period [4][8]. - EBITDA rose by 95% to $48.2 million, driven by higher gold prices and production volumes [4][6]. - Cash inflow from operations reached $34.3 million, an 88% increase from the previous year [4][6]. - Earnings per share (EPS) increased by 96% to 46.10 cents [4][9]. - The average gold price received was $3,244 per ounce, compared to $2,338 in the same period of 2024 [8][13]. Cost Metrics - All-In Sustaining Cost (AISC) averaged $1,816 per ounce, reflecting a slight increase of 1% from the previous year [4][15]. - Cash cost per ounce was $1,429, up from $1,405 in 2024 [15]. Cash and Balance Sheet - The company ended the quarter with a cash balance of $38.8 million, up from $22.2 million at the end of 2024 [6][8]. - Net cash at quarter-end was $33.0 million, an increase from $24.6 million in Q2 2025 [8][11]. Operational Developments - Exploration and resource development drilling continued, with approximately 27,937 meters completed year-to-date, aiming to increase resources to the 1.5-2.0 million ounces range [9][10]. - The ore sorter at Coringa has been operational for nine months, processing low-grade ore and exceeding production expectations [12]. Future Outlook - The company remains well-positioned for continued growth into 2026, supported by strong cash generation and a solid balance sheet [10].