Akobo Minerals announces half year results 2024
OSLO, 27 September 2024: Akobo Minerals AB (publ), (Euronext and Frankfurt: AKOBO, OTCQX: AKOBF), the Scandinavian-based Ethiopian gold exploration and mining company, today reported its half year results 2024. As the company was still in the project development phase prior to production start-up, there was no income during the first half of the year. The net loss for the period was SEK 80.3 million with an end of period cash balance of SEK 19.4 million. KEY EVENTS · Successfully commissioned the processing plant at Segele · Produced the first gold from the Segele ore body