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塞拉比黄金有限公司.pdf

上传人: 芦苇 编号:1146435 2026-02-14 28页 4.54MB

1、Sustainable gold productionand growth in BrazilInvestor PresentationNovember 20251DisclaimerThis presentation,and any ancillary documents relating to it,any oral presentation and any question or answer session(together,the Presentation)have been prepared and issued by Serabi Gold pic(the Company).Th

2、is Presentation is being supplied to you solely for information purposes.This Presentation is strictly confidential and must not be recorded,copied,distributed,reproduced,stored in a retrieval system,transmitted or passed on,directly or indirectly,in whole or in part,or disclosed by any recipient,to

3、 any other person(whether within or outside such persons organisation or firm)or published in whole or in part,for any purpose or under any circumstances at any time,without the prior written consent of the Company.This Presentation has not been approved by the UK Financial Conduct Authority,the Lon

4、don Stock Exchange,the Toronto Stock Exchange,the US Securities and Exchange Commission,any securities regulatory authority in Canada or any other regulator.This Presentation does not constitute or form part of,and should not be construed as,an offer,invitation,or inducement to engage in an investme

5、nt activity for the purposes of the prohibition on financial promotions.In making this Presentation available,the Company makes no offer to sell or issue,nor any solicitation of any offer to purchase or subscribe for nor any recommendation in respect of,any securities in the Company or any other ent

6、ity nor shall this Presentation or any part of it,or the fact of its distribution,form the basis of,or be relied upon in connection with,any contract or commitment by or with the Company,or any of its directors,officers,partners,employees,agents,advisers or affiliates(collectively,Affiliates)for any

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1. **公司定位与战略**:Serabi Gold为巴西可持续黄金生产商,目标2026年产量达60koz,2028年突破100koz,分三阶段推进。 2. **核心资产**: - **Palito Complex**:2025年产量指引44-47koz,资源量512koz(M&I 350koz@9.9g/t),AISC $1,792/oz。 - **Coringa矿**:2024年PEA显示NPV5% $184M,AISC $1,241/oz,2025年启用选矿厂提升效率。 3. **勘探进展**:2025年钻探计划30,000米/年,目标资源量增至1.5-2.0Moz,优先靶区São Domingos(高品位见矿258g/t)。 4. **财务与ESG**:现金$38.8M,债务$5.4M;碳强度0.53tCO2e/oz(行业平均0.98),社区投入$1M。 5. **估值优势**:EV/EBITDA 4.5x(行业平均8x),FCF收益率14%(行业平均8%),被低估。
黄金增长潜力? 巴西矿企优势? 碳排放竞争力?
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