Shares in Serabi Gold (LON: SRB) (TSX: SBI) fell on Thursday after a Brazilian judge ruled that no future licenses or titles should be granted to the company until it is proven that its Coringa gold project doesn’t pose harm to Indigenous tribes, or until they are consulted.
The miner said that, in its view, the ruling does not imply a project suspension, adding that it continues with current project development plans at Coringa.