Akobo Minerals announces second quarter results 2026
Cision•30/09/2026•02:30 ET
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Key Highlights
- ➤Gold production 37 kg in Q2 2026, highest quarterly production to date
- ➤Revenue SEK 57.3 million and EBITDA SEK 40.7 million in Q2
- ➤Average recovered grade 38.5 g/t during Q2 2026
- ➤Approximately USD 3.4 million repaid to Monetary Metals during Q2
- ➤Q3 estimated doré production 35 kg, cumulative output approximately 169 kg
Expert Statements
Jørgen Evjen, CEO of Akobo Minerals
“Akobo Minerals delivered its strongest quarter since production commenced at Segele in October 2024, achieving record gold production, record EBITDA and substantial debt repayment while continuing to invest in future growth.”
Akobo Minerals AB OSLO, 30 September 2026: Akobo Minerals AB (publ) (“Akobo” or the “Company”) (Euronext Growth Oslo: AKOBO), the Scandinavian-based gold producer operating the Segele underground gold mine in Ethiopia, one of the world's highest-grade underground gold mines, today announced its results for the second quarter of 2026.
Akobo Minerals delivered its strongest quarter since production commenced at Segele in October 2024, achieving record gold production, record EBITDA and substantial debt repayment while continuing to invest in future growth.
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