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Akobo Minerals AB ( (DE:643) ) just unveiled an update.
Akobo Minerals AB has achieved a significant milestone in Q4 2024 with the commencement of full-scale gold production, producing 15 kg of gold and marking its first revenue-generating quarter after 15 years of development. The company is implementing a new mine development plan in collaboration with Sutton Global to accelerate production, enhance operational efficiency, and increase gold recovery rates through the commissioning of a Carbon-in-Leach system. Exploration efforts continue, and financial restructuring is underway to support future growth and stability.
More about Akobo Minerals AB
Akobo Minerals AB is a Scandinavian-based gold exploration and mining company, actively operating in Ethiopia. The company holds both exploration and mining licenses in the Gambela region and Dima Woreda, with a strong focus on developing the Segele mine, which has significant gold reserves. Akobo is dedicated to responsible mining practices, community engagement, and environmental stewardship, positioning itself as a key player in Ethiopia’s emerging mining sector.
YTD Price Performance: 11.40%
Average Trading Volume: 1,250
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €29.9M
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