Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Akobo Minerals AB ( (DE:643) ) has issued an update.
Akobo Minerals AB has reported a successful operational update for August 2025, with doré gold production reaching approximately 7 kg, surpassing their target. The company has also closed a private placement with Ethiopian Investment Holdings and appointed a new Operations Manager, Johnny Swanepoel, to enhance gold recovery. New shaking tables have been installed to improve efficiency, and despite challenging conditions, the team maintained strong performance. These developments, alongside high gold prices, are positively impacting Akobo’s operational cash flow, positioning the company for future growth in the Ethiopian mining sector.
More about Akobo Minerals AB
Akobo Minerals is a Scandinavian-based gold producer with operations in Ethiopia, holding an exploration license covering 182 km2 and a mining license covering 16 km2 in the Gambela region and Dima Woreda. The company has a strong presence in the Ethiopian mining industry, with its Segele mine boasting a high-grade gold resource. Akobo Minerals is committed to ESG principles and is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange.
Average Trading Volume: 393,632
Current Market Cap: NOK364M
Learn more about 643 stock on TipRanks’ Stock Analysis page.