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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Serabi Gold - Shares hit new high of 375p

March 2026

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SRB
  • Price:
  • 310p
As gold has reached new highs, so has Serabi Gold, with the shares at one point hitting 375p. Importantly, management seems immune to the noise, with Q4 production of 11,500 oz (55,600 tonnes of ore for the year), and newly introduced production guidance for 2026 of 53-57,000 oz, which compares well with previous broker forecasts for 53,600 oz.  Despite a delayed concentrate shipment reducing revenues in the quarter, Serabi closed 2025 with US$49m cash, in line with estimates and leaving plenty of liquidity for future exploration.  The ongoing gold price strength provides significant upside potential to broker Panmure Liberum’s, estimates. At present spot prices, the base-case 2026E EBITDA of US$113m (at a gold price of US$ ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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