Akobo Minerals reported a total annual gold output of 73 kilograms, including 21.5 kg in the latest quarter, valued at around one million dollars. The company also holds 600 tonnes of unprocessed material, with an estimated in-situ value of 1.6 million dollars. The company achieved its first positive EBITDA of 730,000 dollars in Q3 2025, supported by a high-grade gold yield of 29.7 g/t and rising global gold prices. Strategic upgrades, including a chemical-free gravity processing system and infrastructure development for a new vertical shaft, have improved operational efficiency and environmental performance. Akobo also completed major financial restructuring, including debt adjustments and conversion of all remaining convertible bonds into shares. A three million dollars investment from Ethiopian Investment Holdings further strengthened its balance sheet. Looking ahead, the company plans to advance the vertical shaft to 120 meters, enabling deeper ore access and continued production, with increased output expected by August–September 2026.
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