StockMarketWire.com - Brazilian-focused gold miner Serabi Gold swung to a third-quarter profit after almost almost doubling its revenue.

Pre-tax profit for the three months through September amounted to $1.13m, compared to a loss of $2.25m on-year.

Revenue jumped to $14.4m, up from $7.5m on-year as the average gold price realised in the quarter rose to $1,472, up from $1,287 and $1,292 for the first and second quarters of 2019, respectively.

'This third quarter has again been very pleasing in terms of both operational and financial performance,' chief executive Mike Hodgson said.



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