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An announcement from Akobo Minerals AB ( (DE:643) ) is now available.
Akobo Minerals reported that momentum from its strong fourth quarter carried into January, with stable operations at the Segele mine, solid gold output of about 8 kg worth roughly USD 1.2 million, and cumulative doré production reaching around 81 kg. Benefiting from historically high gold prices, the company is seeing improved operating margins and stronger free cash flow, while its approximately 9,500-ounce gold loan remains structurally unchanged and modest relative to its resource base, supporting repayment capacity through mid-2027.
Operationally, Akobo maintains a stockpile of about 500 tonnes of blended material, providing flexibility and enabling steady processing plant throughput ahead of a planned shift to continuous 24/7 operation once a new vertical shaft comes online. Development of this shaft is advancing, with civil works for headgear largely complete, key equipment in transit or installed, and the shaft sinking team back on site with roughly 80 metres remaining, changes that are expected to underwrite higher and more consistent future production without requiring amendments to the current loan agreement.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold producer and explorer with more than 15 years of operations in Ethiopia, focused on the Segele mine in the Gambela region and Dima Woreda. The company holds an exploration licence over 182 km² and a 16 km² mining licence, reporting an Indicated and Inferred mineral resource of about 69,000 ounces at a high average grade of 22.7 g/t gold. Akobo emphasizes ESG principles, maintains strong relationships with local communities and authorities, and adheres to the JORC Code, with its shares listed on Euronext Growth Oslo, the Frankfurt Stock Exchange, and trading on the U.S. OTC Pink Market.
Average Trading Volume: 454,964
Current Market Cap: NOK525.6M
For an in-depth examination of 643 stock, go to TipRanks’ Overview page.