serabi gold plc said friday that its pretax profit rose in 2021 as revenue increased due to higher gold production and that it expects revenue to fall in 2022 the brazilfocused mining company posted a pretax profit of 134 million up from 85 million for 2020 earnings before interest taxes depreciation and amortization came in at 191 million up from 155 million the year before revenue rose to 631 million from 558 million the year before the londonlisted company said gold production rose 84 to 33848 ounces in 2021 serabi gold said it has secured a 5 million loan in may with a brazilian bank and that this will offset the unexpected reduction in revenue and cash seen in the first quarter the reduction in revenues that we will experience in 2022 will impact the level of cash that can be generated and have necessitated restricting discretionary expenditure including exploration activity i hope that this will be temporary and that we can pick up on some of exciting exploration opportunities with funding being provided by operational cashflow as gold production grows chairman nicolas banados said shares at 0719 gmt were flat at 46 pence