Coringa Permit Delay Cuts Serabi Gold's 2026 Guidance to 2025 Levels - Crux Investor

AI desk brief

Serabi Gold cut 2026 production guidance to roughly 2025 levels after permitting delays at Coringa blocked the planned ramp-up, with the company now guiding near last year’s 44,169 oz versus previous guidance of >53,000 oz. Q3 2026 gold output was 11,008 oz, down 9% y/y, as weaker Palito grades offset stronger Coringa mining; year-to-date production reached 34,057 oz.

The company ended September with US$63.2 million cash, no debt, and said the fourth ball mill at Palito is in final commissioning, lifting plant capacity to 330,000 tpa in 2027. Management is still pursuing Coringa approvals through ANM/INCRA/FUNAI, while noting lower capex in 2027 after heavy development spending this year.