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Akobo Minerals AB ( (DE:643) ) has provided an update.
Akobo Minerals AB reported its first quarter results for 2025, with revenues of SEK 4.5 million and an EBITDA of SEK -10 million, while holding a cash position of SEK 7.8 million. The company is benefiting from high gold prices and has made progress in mining activities, enhancing production potential. Strategic collaborations and financial restructuring efforts, including a NOK 11.4 million convertible loan and a Memorandum of Understanding with Monetary Metals, are aimed at supporting ongoing operations and aligning financial terms with production timelines.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold producer with a strong presence in the Ethiopian mining industry. 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 operations, Akobo Minerals is known for its Segele mine, which boasts a world-class gold grade and significant mineral resources. The company emphasizes ESG principles and maintains strong community and governmental relationships, positioning itself as a key player in the Ethiopian mining sector.
Average Trading Volume: 300,891
Current Market Cap: NOK246.5M
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