Akobo Minerals AB (publ) (Euronext and Frankfurt: AKOBO), a Scandinavian-based Ethiopian gold exploration and mining company, is pleased to announce a total production of 2,833 grams of gold in October. This achievement marks a significant milestone in ramp-up and commissioning activities, underscoring our operational capabilities.
Second gold bar produced from the Segele mine. Image Credit: Akobo Minerals AB
This month’s production includes our second gold bar, weighing approximately 1.5 kg with an estimated grade of 15 g/t, highlighting the potential of our Segele operations as we transition to regular production.
As we move into November, we anticipate increased throughput, drawing us closer to covering operational costs. Our Head of Mining Operations, Helge Rushfeldt, has been on-site to guide efforts, reporting a highly focused and efficient team. With a robust optimization strategy in place, our team is committed to maximizing both tonnage and production.
Additionally, we have significantly strengthened our team by bringing specialists in mining operations and supply chain and support services on board. We believe that this will translate into higher efficiencies supporting our production goals. In this matter we are supported by Sutton Global, an internationally recognised mining and processing services provider. With a clear path forward, we are confident in continued growth and look forward to providing further updates.