Serabi Gold Turns Debt-Free with $21M Q1 Profit at $4,926/oz

Serabi Gold capped the Q1 2026 earnings season on May 29 with a $21.0m post-tax profit and $29.2m EBITDA after realizing $4,926/oz, becoming debt-free after repaying its last loan. The results follow similarly strong reports from West Red Lake Gold on May 26 and Cerrado Gold on May 27, all benefiting from unhedged exposure to gold near $4,900/oz. Patagonia Gold also advanced its Calcatreu project into production, confirming broad cash-generation strength across the gold-mining sector and reinforcing supportive sentiment for XAUUSD.