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Mike Hodgson, chief executive officer of Serabi Gold (SRB), says he expects the AIM-quoted company to hoist gold production in northern Brazil’s Tapajos region from a disappointing maiden annual rate of 20,000 oz. to more than 35,000 oz. in the coming year, as its high-grade Sao Chico project starts to swell the quantity of gold now being extracted from its existing operation at Palito. Quoted on AIM and in Toronto and backed by Chile’s billionaire Solari business dynasty, Serabi has obtained a temporary trial mining licence for Sao Chico and must conduct what Hodgson describes as the equivalent of a pre-feasibility study to secure a permanent licence, which he anticipates ‘will be done and dusted by mid-2015.’
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