{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Serabi Gold (LSE:SRB) - Double Production with Innovative Low-Capex Coringa Growth Plan","html":"","width":"100%","height":180,"duration":567,"description":"Interview with Michael Hodgson, CEO of Serabi Gold PLCOur previous interview: https://www.cruxinvestor.com/posts/serabi-gold-lse-srb-advancing-brazilian-gold-assets-towards-60000-ounce-potential-5221Recording date: 16th May 2024Serabi Gold is positioned to deliver significant production growth over the next two to three years while minimizing capital requirements by utilizing an innovative development approach at its Coringa project in Brazil. In a recent interview, CEO Mike Hodgson outlined the company's plan to leverage ore sorting technology to produce a high-grade concentrate at Coringa which can then be trucked to Serabi's existing Palito processing plant. This approach eliminates the need to construct a new plant at Coringa, greatly reducing capex and accelerating the timeline to production.The ore sorting and trucking strategy is expected to yield a step-change in production, nearly doubling output from 38,000 ounces this year to 60,000 ounces within the next 2-3 years. Importantly, this growth will be entirely funded by internal cash flow. As Hodgson stated, \"We're not looking for money. We can fund it ourselves - we're just better utilizing the Palito plant. That's the beauty of it - it's a really cheap, capital-light way of literally nearly doubling our production.\"Several key catalysts are on the horizon as Serabi moves to implement the Coringa plan. A new preliminary economic assessment (PEA) is underway incorporating the ore sorting and trucking scenario, with results expected in July or August. Additionally, the ore sorter has already been shipped, the crushing plant for Coringa is being renovated, and civil works are underway. Hodgson expects the ore sorter to be commissioned and operational by the end of September, setting the stage for a significant grade and production increase beginning in Q4 2024.Beyond the near-term growth from Coringa, Serabi sees substantial exploration potential at both Coringa and its Palito mine. The company is investing...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}