Akobo Minerals AB, the Scandinavian-based gold producer operating in Ethiopia, provides the following operational update for September 2025.
Highlights
- Total doré gold production for Q3 2025 reached ~21,5 kg, marking the first quarter of positive EBITDA in the company’s 15-year history
- Doré gold production for September was ~6,5 kg, exceeding the monthly target of 5 kg
- Cumulative doré production to date has reached ~51,5 kg
- Record-high gold prices continue to support strong operational cash flow
Operational Developments
- New Operations Manager, Johnny Swanepoel, has initiated optimisation and fine-tuning of the processing plant
- Significant effort during September focused on cleaning and gold recovery from the plant
- Vertical shaft fabrication and detailed planning are progressing according to plan
- Mobilisation of heavy equipment has commenced
- Expert shaft-sinking team has been mobilised and is en route to site
Production continues to perform well, supported by consistent mining operations and stable plant performance.
