Serabi Gold (AIM: SRB) has announced second-quarter production of 11,007 ounces of gold for the three months ended 30 June 2026, a sequential increase from the 10,489 ounces produced in the first quarter. The London-listed gold miner attributed the rise to improved throughput and grades at its operations in the Tapajós region of northern Brazil.
The company's Palito mine complex and the Coringa project both contributed to the quarterly performance. Serabi said processing plant availability remained high during the period, with no significant operational disruptions. The firm continues to target full-year production in the range of 40,000 to 43,000 ounces.
The update comes as the gold price hovers near historic highs, with spot gold trading above $2,400 per troy ounce. For UK investors and pension holders with exposure to mining equities, the sustained price strength has bolstered the outlook for producers. The FTSE 350 Mining Index has gained roughly 12% year-to-date, outpacing the broader FTSE 100, which has risen around 6% over the same period.
Analysts at broker SP Angel noted that Serabi's consistent operational performance positions it well to capitalise on current market conditions. “The steady ramp-up at Coringa and solid output from Palito underscore the company's ability to deliver on guidance,” they said in a note. However, they cautioned that cost inflation and currency volatility in Brazil remain headwinds to watch.
For UK holders of Serabi shares, the production figures provide reassurance on the company's operational trajectory. The stock has risen approximately 18% year-to-date, reflecting investor confidence in both the gold price and the company's execution. The broader market context — with geopolitical uncertainty and central bank buying supporting bullion — suggests the favourable environment for gold miners may persist in the near term.