Akobo Minerals reports Q2 2025 results, eyes positive cash flow

Akobo Minerals AB reported Q2 2025 revenues of SEK 9.6 million and an EBITDA of SEK -3.1 million, covering part of its operating costs with SEK 7.0 million cash on hand. Gold production in July reached a world-class average grade of 45 g/t with over 90% purity, contributing to a cumulative 30 kg of gold produced by end of June. The company anticipates achieving positive cash flow from operations in Q3 2025, driven by continued high gold prices exceeding $3,700/oz.

Key operational advancements include the installation and testing of two large shaking tables, with headgear fabrication underway for a new vertical shaft to enhance mining efficiency. Strategic developments saw Ethiopian Investment Holdings (EIH) become a shareholder via a $3 million private placement, and a financial restructuring with Monetary Metals that reduced interest rates, extended loan maturity, and converted convertible bonds into shares.

The company's exploration license of 166 km² was renewed, and geological mapping confirmed gold mineralization in various zones. Akobo Minerals also emphasized its strong ESG commitment, with continuous monitoring of wastewater, air quality, and enhanced health and safety services at its Segele site in Ethiopia.