Reports Q4-2025 Production, Record Annual Production, Production Guidance Achieved & Operational Highlights

Core Viewpoint - Serabi Gold plc reported a record annual gold production of 44,169 ounces for FY2025, achieving an 18% increase compared to FY2024, driven by the ramp-up of the Coringa Mine and successful operational strategies [3][4][7]. Production Highlights - The company achieved quarterly gold production of 11,534 ounces in Q4-2025, marking a 15% increase from Q4-2024 [7]. - Total mined ore for Q4-2025 was 55,899 tonnes at an average grade of 6.65 g/t Au, compared to 51,625 tonnes at 7.24 g/t Au in Q3-2025 [10][11]. - The Palito Complex processed 55,607 tonnes at 6.63 g/t Au in Q4-2025, reflecting operational efficiency [10]. Financial Performance - Cash balance at the end of December 2025 was $49.2 million, up from $22.2 million at the end of December 2024, with a net cash balance of $42.1 million after liabilities [15]. - The company anticipates further growth in cash balance and production in 2026, with guidance set at 53,000 to 57,000 ounces of gold [9][16]. Exploration and Growth Strategy - An aggressive 30,000 metre brownfield exploration programme was completed, with encouraging drilling results leading to the discovery of new zones [6]. - The company aims to increase its mineral resource inventory to between 1.5 million ounces and 2.0 million ounces of gold as part of its Phase II growth strategy [6]. Operational Developments - The Coringa Mine's ramp-up continues, with successful mechanized mining operations contributing to production growth [4][5]. - The ore sorter technology has been pivotal in processing low-grade ore, enhancing overall production efficiency [5].