Serabi Gold reports 'continued improvement' in Palito production

Brazil-focussed miner Serabi Gold reported “continued improvement” in its production from its Palito Complex in the Tapajos region of Brazil’s Para State on Monday.

The AIM-traded firm said production from Palito showed a continued improvement, with 2,949 ounces of gold produced in May - the highest monthly level so far in 2022.

“Production at the Palito Complex continues to improve with an impressive 2,949 ounces of gold produced during May, our best month so far in 2022,” said chief executive officer Mike Hodgson.

“It is very pleasing that the measures we put in place earlier this year are continuing to deliver consistent production ounces.

“We are focussed on maintaining and improving these levels over the coming months.”

At 1124 BST, shares in Serabi Gold were down 1.12% at 44p.

Reporting by Josh White at Sharecast.com.