Serabi Gold cuts 2026 production outlook as Coringa permitting delays curb expansion
Bitget2026/10/21 05:02- Serabi Gold cut FY2026 production expectations to levels similar to FY2025’s 44,169 ounces from over 53,000 ounces because of Coringa permitting delays.
- Outstanding approvals prevent the planned fourth-quarter production increase by restricting additional Coringa ore shipments to the expanded Palito plant.
- Coringa’s trial mining license expires January 29, 2027; discussions with mining regulator ANM on continued operations remain ongoing.
- The license caps annual ore shipments at 100,000 tonnes; shipments against the current allowance reached 85,602 tonnes by September 30, 2026.
- A full operating license requires final Indigenous-impact approval from FUNAI and land-use clearances from INCRA before an application to environmental regulator SEMAS.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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