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Interview with Clive Line, Finance Director of Serabi Gold following the Q3/20 Quarterly Results.
Clive Line talks through the Serabi Gold Quarterly earnings. In what has been a tough environment, they have pulled out the stops with 36% increase in EBITDA of USD$6.3M on 2019 numbers.YTD EBITDA of USD$15.7M and a post-tax profit for the year of USD$7.8M. Serabi Gold has also managed to pay down $5.5M of the $12M owed to Equinox for the Coringa asset.
Line gives us some insight about plans for Q4/20 and & Q1/21 and the recovery period required to catch up on the 2020 guidance numbers. It's clear that contingency planning in 2019 has reduced the impact of the COVID restrictions this year, and the company will need more of the same determination from employees and planning from management to get Coringa going and develop a cohesive exploration plan.
By Crux Investor4.8
3232 ratings
Interview with Clive Line, Finance Director of Serabi Gold following the Q3/20 Quarterly Results.
Clive Line talks through the Serabi Gold Quarterly earnings. In what has been a tough environment, they have pulled out the stops with 36% increase in EBITDA of USD$6.3M on 2019 numbers.YTD EBITDA of USD$15.7M and a post-tax profit for the year of USD$7.8M. Serabi Gold has also managed to pay down $5.5M of the $12M owed to Equinox for the Coringa asset.
Line gives us some insight about plans for Q4/20 and & Q1/21 and the recovery period required to catch up on the 2020 guidance numbers. It's clear that contingency planning in 2019 has reduced the impact of the COVID restrictions this year, and the company will need more of the same determination from employees and planning from management to get Coringa going and develop a cohesive exploration plan.

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