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Akobo Minerals AB ( (DE:643) ) just unveiled an update.
Akobo Minerals AB has released its 2024 Annual Report, highlighting a successful transition from exploration to gold production. Key achievements include the first commercial gold production and sales from the Segele mine, the formal opening of the mine by Ethiopia’s Prime Minister, and continued investment in infrastructure and team development. The company remains focused on scaling up production and improving ESG performance, positioning itself as a significant player in the Ethiopian mining sector.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold exploration and mining company with operations in Ethiopia. The company holds an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda, Ethiopia. With over 15 years of active operations, Akobo Minerals has established itself in the Ethiopian mining industry, particularly with its Segele mine, which boasts a high gold grade of 22.7 g/ton. The company is committed to ESG principles and maintains strong relationships with local communities and government authorities.
Average Trading Volume: 314,363
Current Market Cap: NOK216.4M
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