Serabi Gold Plc
Serabi Gold Plc (LON: SRB) is a gold exploration and mining company with gold production and exploration interests in Brazil, where it owns the Palito Mining Complex and the Coringa Gold Project both located in the Tapajos region. Â In 2019 Serabi produced over 40,000 ounces of gold from the Palito Mining Complex with management predicted that this would increase to 45,000 to 46,000 ounces in 2020, while an average of 38,000 ounces of gold per annum is expected from the Coringa Gold Project when it comes into production.
The company has been on a rapid growth path, scaling new heights every day, backed by its experienced and committed management team. The management team currently consists of the Chief Executive Officer, Finance Director, Chief Operating Officer, Non-Executive Chairman and five further non-executive Directors, who looks after the business affairs of the company on behalf of shareholders.
The management of the company comprises of highly experienced professionals in the field of mining & exploration and investment banking. They have been with the company for a number of years and overseen its growth and successful development from exploration to profitable production a clear sign of their dedication, commitment and belief in the long-term future of the company.Â
Michael Hodgson - Chief Executive Officer
Qualification â Masters degree in Mine Geology
Other Position/Membership - Chartered Engineer of the Engineering Council of UK, âQualified Personâ in accordance with the Canadian National Instrument 43-101 (Standards of Mineral Disclosure for Mineral Projects), Fellow of the Institute of Materials, Minerals and MiningÂ
Michael has extensive international experience having been working in the mining industry for over thirty years. His work experience includes:
- COO (chief operating officer) and vice president - technical services for Orvana Minerals Corporation, Canada;
- Manager - technical services and operations at TVX Gold Inc and Kinross Gold
- Mining technical consultant at ACA Howe International Ltd
- He has also been a consultant to several South American and European mining corporations.
Clive Line - Finance DirectorÂ
Qualification- Chartered Accountant with Honours degree in Accounting and Finance
Other Position/Membership- Member of the Institute of Chartered Accountants of England and WalesÂ
Clive has more than thirty years of experience in finance, most of which have been within the mining and natural resources industry. Having worked for PWC in the UK and Australia he was Finance Director at Quest Petroleum Group and Cluff Resources plc both of which were successfully developed and sold and has also worked with other resource companies including Eurasia Mining plc and Northern Petroleum plc.Â
Roney Almeida - Chief Operating OfficerÂ
Qualification: MBA from The Getulio Vargas Foundation in Sao Paulo. From the School of Mines of the Federal University of Ouro Preto in Minas Gerais, degrees in Geology and Mine Engineering.
Roney is a Brazilian national and has a wealth of mining experience working for companies like Vale, Anglo American Plc, Votorantim and Siderugia Nacional both in Brazil and in Canada.
Mel Williams- Non-Executive Chairman
Qualification - Chartered Certified Accountant, MBA from Cranfield University UK
Other Position/Membership - Director at Western Troy Capital Resources.Â
Mel has more than forty years of experience in the field of finance, most of which has been spent in the mining industry. He has served as Chief Financial Officer at Atlantico Gold from November 2003 to January 2004. Prior to that, he had served as Chief Financial Officer at TVX Gold Inc. in 2003. He also worked for LAC North America, Star Mining Corporation, Rossing Uranium and Riominas LSDA.Â
Sean Harvey -Non-Executive Director
Qualification- BA & M.A. in economics from Carleton University Canada, L.L.B from the University of Western Ontario Canada, M.B.A. from the University of Toronto Canada
Other Position/Membership â Member of Law Society of Upper Canada
Sean spent the initial years of his career as an investment banker primarily focusing on the mining sector and was Head of Mining at the prestigious Canadian investment bank, BMO. Â After leaving BMO, he took up the position of President and CEO of TVX Gold in 2003 and has subsequently been involved with, and served on the Boards of, a number of mining companies that have been successfully developed and sold to larger mining companies. He is currently also the Chairman of Victoria Gold Corp. which has successfully developed and brought into production the 220,000 ounces per annum Eagle Gold Mine in Alaska.Â
Mark Sawyer - Non-Executive Director
Qualification -Degree of Law from the University of Southampton UK
Mark has over twenty-two yearsâ experience in the mining industry and co-founded Greenstone Resource, a successful London based private equity group solely focused on the mining sector. Â Prior to founding Greenstone he was General Manager, and Co-Head for Group Business Development at Xstrata plc and previously held senior roles at Cutfield Freeman & Company and Rio Tinto plc.Â
Eduardo Rosselot - Non-Executive Director
Qualification - Mine Engineering degree from Universidad de Chile.
Other Position/Membership - Chartered Engineer of the Engineering Council of UK, âQualified Personâ in accordance with the Canadian National Instrument 43-101 (Standards of Mineral Disclosure for Mineral Projects), Member of the Institute of Materials, Minerals and Mining.
Eduardo has experience of almost thirty years in the mining industry, mostly in the Americas and Europe. As an independent consultant, he is currently engaged with several consulting assignments for various mining companies and mining funds with a primary focus on projects located in South America.Â
Nicolas Banados - Non-Executive Director
Qualification - MBA from The Wharton School of Business (University of Pennsylvania), Masterâs degree in financial economics from Universidad CatÃ³lica de Chile
Nicolas has twenty years of experience in investing in Latin America. He currently holds the position of Managing Director of Private Equity and attorney-in-fact at Megeve Investments, prior to that he also held positions of Vice President and Portfolio Manager at the same company.Â
Felipe Swett - Non-Executive Director
Qualification- MBA from the Kellogg School of Management (Northwestern University), Degree in Civil Engineering from Pontificia Universidad CatÃ³lica de Chile, Diploma in Environmental Engineering from the Pontificia Universidad CatÃ³lica de Chile.
Currently, Felipe is a partner and heads a Chile-based investment banking company, Asset Chile.Â
Aquiles Alegria- Non-Executive Director
Qualification- Geology graduate from the Universidad de ChileÂ
Aquiles has over twenty years of experience in the mining industry, working as an exploration manager in various companies.Â
Ulisses Melo - General Manager, Brazil
Qualification - MBA from Fundacao Dom Cabral, Graduate in Business Administration and Economics from the University of PUC Minas Gerais.
Ulisses currently holds the responsibility of the day to day legal, finance, licensing and personnel matters of groupâs Brazilian based companies. Â Prior to taking up this role in 2009, he was the CFO of Serabi Mineracao S.A.Â
The top management of Serabi Gold Plc consists of experienced and versatile individuals. Their rich experience and consistent efforts are reflected in the performance of the company. Â Their vast experience in the mining industry has helped the company report strong accomplishment both in terms of operational and financial performance. Â
Price Performance At The London Stock ExchangeÂ
Source â London Stock Exchange (one-year price chart)
At the time of writing on 3 February 2020 at 9.42 AM GMT, the shares of the company were trading on the London Stock Exchange at a price of GBX 79.20. The company in a 52-week trading period has scaled a high of GBX 92.80 and touched a low of GBX 24.00. Its present market capitalisation stands at Â£46.24 million.Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â