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Serabi Gold cuts 2026 production forecast due to permitting delays, shares drop 16%.

Market News
21 Oct 2026
Proactive Investors
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Bearish
Serabi Gold cuts 2026 production forecast due to permitting delays, shares drop 16%.

Serabi Gold has reduced its 2026 gold production guidance to match 2025 levels, citing delays in obtaining necessary permits for its Coringa mine. The company now expects to produce around 44,169 ounces in 2026, down from the previous forecast of over 53,000 ounces. The delay stems from pending approvals required to transport additional ore to the Palito processing plant, including land use changes and Indigenous study sign-offs. Despite these setbacks, Serabi maintains a strong cash position of $63.2 million and plans to increase processing capacity in 2027 with lower capital expenditure.

Serabi Gold shares and related market context are shown here as of Oct 21, 2026 16:02 WIB. For readers following US stocks on Pluang, 66 out of 150 priced stocks rose while 78 fell today. Notable movers include SPCE at USD 2.42 with a 1-day change of +2.11% and Pluang order activity of 86% Sell / 14% Buy, JD at USD 26.20 down 2.09% with 0% Sell / 100% Buy, and ACN at USD 234.16 down 2.07% with 98% Sell / 2% Buy. The most notable figure is SPCE's 86% sell order activity.

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