Akobo Minerals announces third quarter 2022 results
OSLO, 24 November 2022: Akobo Minerals AB (publ) (EURONEXT: AKOBO), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today reported its third quarter 2022 results. As the company is still in the project development phase prior to production start-up in early 2023, there was no income in the third quarter of the year. The net loss for the period was SEK 17.2 million. The company has a convertible loan of SEK 50.1 million and a cash position of SEK 15.6 million. KEY HIGHLIGHTS · A 'de-risked' project on all levels · Fully-funded to production