Serabi Gold plc Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Production Guidance for 2017
The total gold production for the year of 2016 was 39,390 ounces of gold, exceeding guidance and representing a 19% improvement compared with the 2015.
The company provided production guidance for 2017, it expects production of 40,000 ounces at an AISC of between $950 and $975 per ounce, which is in line with the cost guidance of 2016. The 2017 guidance of 40,000 ounces is an 8% improvement on Serabi's initial guidance for 2016 which was 37,000 ounces.