Wedoany.com Report on Feb 2nd, Serabi Gold plc is a mining company headquartered in London, UK, focused on the exploration and development of gold mines in Brazil. The company is listed on the London Stock Exchange (AIM:SAB) and the Canadian Securities Exchange (SAB). Its core operations and assets are located in the state of Pará, Brazil, primarily operating two underground gold mining projects: Palito and Coringa. The Palito mine is the company's long-operating, mature mine, while the Coringa project is its recent key development and production expansion focus.

The recent consecutive safety incidents occurred precisely at these two core production sites in Brazil. According to company information, Serabi Gold's operations in Brazil are entirely managed by its local subsidiary. The consecutive fatal accidents (one related to underground mining operations, the other to underground transportation) have not only caused tragedies for the victims' families but have also directly impacted the company's production operations and safety management system in Brazil. This is expected to trigger in-depth reviews of safety protocols at all the company's mine sites by Brazilian authorities. Currently, the specific technical causes and responsibility determinations for the accidents are still under investigation by the relevant Brazilian authorities.