Serabi Gold Reports Record Quarterly Production in Q3-2025

Serabi Gold plc (Serabi or the Company) has reported a record quarterly gold production of 12,090 ounces in Q3-2025, a 27% increase from Q3-2024. This production milestone is a significant achievement for the Company, and it remains on track to meet its 2025 consolidated production guidance of 44,000-47,000 ounces gold. The Company has also made significant progress in its brownfield exploration programme, with notable discoveries at the Coringa and Palito Complex mines.

The quarter's operational highlights include:

• Record quarterly gold production of 12,090 ounces
• A total of 3,875 metres of horizontal development for the quarter, a 17% increase on Q3-2024
• Cash as at 30 September 2025 of $38.8 million, vs $30.4 million as at 30 June 2025, an increase of $8.4 million during the quarter
• Net cash at quarter-end (after interest-bearing loans and lease liabilities) of $33.0 million (Q2-2025: $24.6 million)

Serabi's CEO, Mike Hodgson, commented that the quarter's results demonstrate the Company's continued commitment to operational excellence and strategic growth. The success of the ore sorter at Coringa and the improvement in gold grades at the Palito Complex have contributed to a strong operational performance.

The Company's production statistics for 2025 and 2024 are as follows:

Key Takeaways:

• Serabi Gold reported a record quarterly gold production of 12,090 ounces in Q3-2025, a 27% increase from Q3-2024.
• The Company remains on track to meet its 2025 consolidated production guidance of 44,000-47,000 ounces gold.
• Serabi has made significant progress in its brownfield exploration programme, with notable discoveries at the Coringa and Palito Complex mines.
• The quarter's operational highlights include record quarterly gold production, increased horizontal development, and improved cash balance.
• The ore sorter at Coringa and the improvement in gold grades at the Palito Complex have contributed to a strong operational performance.
• The Company has three active drill rigs at the Palito Complex and three at Coringa, targeting 30,000 metres of drilling in 2025.
• Serabi continues to grow its cash balance, driven by strong operational performance and favourable gold prices.

Statistics:

• Record quarterly gold production of 12,090 ounces in Q3-2025
• 27% increase in gold production compared to Q3-2024
• 3,875 metres of horizontal development completed in Q3-2025, a 17% increase on Q3-2024
• Cash balance as at 30 September 2025: $38.8 million
• Net cash at quarter-end (after interest-bearing loans and lease liabilities) of $33.0 million (Q2-2025: $24.6 million)
• 2025 consolidated production guidance: 44,000-47,000 ounces gold
• Total gold production for the first three quarters of 2025: 32,635 ounces
• Gold production at the Palito Complex: 15,519 ounces (H1 2025)
• Gold production at Coringa: 17,115 ounces (H1 2025)

Sources:

• Serabi Gold plc, "Serabi Delivers Record Quarterly Gold Production" (GlobeNewswire)
• Serabi Gold plc, "Serabi Reports Operational and Financial Highlights for FY 2025" (GlobeNewswire)
• Serabi Gold plc, "Serabi Updates Mineral Resource Estimate and Mineral Reserve Estimate for Palito Complex" (GlobeNewswire)