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Akobo Minerals AB ( (DE:643) ) has issued an update.
Akobo Minerals AB reported operational progress in March 2025, despite a temporary delay in smelting due to equipment failure. The company reached high-grade ore at the 575 level and is working on improving water logistics and planning a new Tailings Storage Facility. With gold prices at all-time highs, Akobo is well-positioned for future growth. They have engaged SpareBank 1 Markets for financial advisory to support their operational development and long-term objectives.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold producer with operations in Ethiopia, holding an exploration license of 182 km2 and a mining license of 16 km2 in the Gambela region and Dima Woreda. The company has been active for over 15 years, with its Segele mine boasting a high-grade gold resource. Akobo emphasizes ESG principles and is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange.
YTD Price Performance: -32.73%
Technical Sentiment Signal: Strong Buy
Current Market Cap: €21.75M
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