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An announcement from Akobo Minerals AB ( (DE:643) ) is now available.
Akobo Minerals AB has revised the terms of its existing gold loan facility with Monetary Metals, aiming to enhance financial flexibility. The new agreement includes reduced interest rates, a grace period, and extended loan maturity, reflecting a strong partnership with lenders. This strategic move supports Akobo’s long-term financial foundation and operational progress, with gold production underway and further development plans in place.
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, Akobo boasts a world-class gold grade of 22.7 g/ton and maintains strong relationships with local communities and government authorities. Headquartered in Oslo, Akobo is publicly listed on the Euronext Growth Oslo Exchange and the Frankfurt Stock Exchange.
Average Trading Volume: 177,009
Current Market Cap: NOK134.3M
Learn more about 643 stock on TipRanks’ Stock Analysis page.