Update shared on 11 Dec 2025
Fair value Increased 0.93%Analysts have raised their price target on Serabi Gold slightly to reflect a modest uplift in fair value and forward earnings multiple, while also accounting for more conservative expectations for revenue growth and profit margins.
What's in the News
- Third quarter 2025 gold production rose to 12,090 ounces from 9,489 ounces a year earlier, highlighting improved grades and operational efficiency despite slightly lower mined and milled ore volumes (Announcement of Operating Results).
- Year to date 2025 gold production reached 32,635 ounces, supported by 148,581 tonnes of mined ore and 153,392 tonnes of milled ore, underscoring consistent throughput at the Palito Complex (Announcement of Operating Results).
- Serabi Gold publicly filed a detailed NI 43-101 Technical Report for its updated mineral resource and reserve estimates at the 100% owned Palito Complex in Para State, Brazil, reinforcing the project’s compliance with internationally recognised reporting standards (Product-Related Announcements).
- The Technical Report, prepared by NCL Ingenieria y Construccion SpA and signed off by multiple qualified persons, provides independent validation of the updated mineral resource and reserve estimates that underpin long term mine planning (Product-Related Announcements).
- Ongoing comparison of more than 10,000 drill core assays between Serabi’s on site Palito laboratory and certified external labs shows an average 6.7% over estimation by the internal lab for significant assays, a variance management considers acceptable for exploration work (Product-Related Announcements).
Valuation Changes
- Fair Value has risen slightly to 3.69 from 3.65, reflecting a modest uplift in the underlying valuation model.
- Discount Rate has increased marginally to 8.38% from 8.26%, indicating a slightly higher assumed risk profile or cost of capital.
- Revenue Growth has fallen noticeably to 12.71% from 18.78%, incorporating more conservative expectations for top line expansion.
- Net Profit Margin has edged down to 47.89% from 48.72%, implying a modestly lower long term profitability assumption.
- Future P/E has risen moderately to 5.34x from 4.92x, suggesting a somewhat higher multiple being applied to forecast earnings.
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