Serabi Gold plc, a Brazilian gold mining and development company, released its audited financial results for the year ended December 31, 2024, highlighting significant improvements in revenue, cash position, gold production, and profitability. The companys revenue increased to $94.5 million, up from $63.7 million in 2023, driven by higher production and a positive shift in the average gold price received. Serabi Gold ended 2024 with $22.2 million in cash, up from $11.6 million in the previous year, and reported a net cash inflow from operations of $24.5 million. Gold production for the full year reached 37,520 ounces, leading to an EBITDA of $35.9 million and a post-tax profit of $27.8 million. The company also announced a new shareholder return policy, targeting a return of 20-30% of its free cash flow through dividends or buy-backs. Serabi Golds first quarter of 2025 started robustly, with 10,013 ounces of gold production, and the company provided production guidance of between 44,000 and 47,000 ounces for the full calendar year. The company aims to increase production to 60,000 ounces by 2026 and become a +100,000-ounce producer thereafter through its brownfield exploration programs.