Serabi Plans To Recommence Operations at Palito Gold Mine

Mining Weekly reported that Serabi Gold (LSE:SRB) said it will restart its Brazil-based Palito gold mine.

As quoted in the market news:

The mine is expected to produce about 24 000 oz of gold a year over nine years, at an average cost of $739 a gold-equivalent ounce. This would result in an after-tax net present value of about $72.2-million at a minimum gold price of $1 400/oz.

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