Akobo Minerals hits first positive EBITDA in Q3 2025

Akobo Minerals reported its first positive EBITDA of SEK 6.9 million for Q3 2025, with revenues of SEK 22.9 million and increased gold production of approximately 21 kg at 29.7 g/t. Cumulative production since start-up reached 51.5 kg by quarter-end, with a cash position of SEK 31.2 million. The company expects continued positive EBITDA in Q4.

Operational advancements included progress on the vertical shaft, headgear fabrication, and new shaking table installations. Post-period, cumulative production rose to 65 kg, with a strong cash and unsold gold position of $4.3 million by end-November. The company also benefited from a $3 million investment from Ethiopian Investment Holdings and a restructured Monetary Metals loan.

Akobo Minerals maintains a strategic focus on exploration, with renewed efforts in the Chamo–Segele–Gindibab corridor to strengthen its geological model. Infrastructure improvements, including water treatment plants and camp upgrades, continue to enhance operational efficiency and ESG principles.