Serabi Gold PLC - Brazil-focused gold mining and development company - Reports a pretax profit of $1.5 million in three months ended March 31, down 15% from $1.7 million the year prior. Revenue in the quarter climbs 4.3% to $13.4 million from $12.9 million as average gold price received rises to $1,892 from $1,844 year-on-year. Gold production in the quarter total 8,055 ounces. As a result, says company is on schedule for its 2023 annual production guidance of between 33,500 ounces and 35,000 ounces.

Current stock price: 27.25 pence

12-month change: down 39%

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