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Akobo Minerals AB ( (DE:643) ) has provided an announcement.
Akobo Minerals AB reported lower-than-expected gold production for March and April 2025, leading to a near-term liquidity requirement. To address this, the company is engaging with shareholders for short-term funding and exploring non-dilutive financing options, such as offtake and streaming agreements, to secure financial stability. Operational improvements are underway, including additional blasting shifts and optimizing underground cycle times, with plans to commission a vertical shaft to enhance production capabilities.
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. Known for its Segele mine, which boasts a world-class gold grade, Akobo Minerals is committed to ESG principles and aims to be a major player in the Ethiopian mining sector.
YTD Price Performance: -42.98%
Technical Sentiment Signal: Buy
Current Market Cap: €19.13M
Learn more about 643 stock on TipRanks’ Stock Analysis page.