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Akobo Minerals AB ( (DE:643) ) has provided an update.
Akobo Minerals reported a second-quarter revenue of SEK 9.6 million with an EBITDA of SEK -3.1 million, indicating a partial coverage of operating costs. The company anticipates positive cash flow in the upcoming quarter. Key developments include high-grade gold production, installation of new mining equipment, and a strategic investment by Ethiopian Investment Holdings. Financial restructuring has been completed, including a reduction in loan interest rates and conversion of bonds into shares, positioning Akobo 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 exploration and mining licenses in the Gambela region. The company is known for its high-grade gold production and has a strong commitment to ethical practices, community engagement, and environmental responsibility. Akobo Minerals is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange.
Average Trading Volume: 397,579
Current Market Cap: NOK342.3M
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