Akobo Minerals announces results for the first quarter of 2023
OSLO, 08 June 2023: Akobo Minerals AB (publ) (ticker: AKOBO), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today reported its first quarter 2023 results. As the company is still in the project development phase prior to production start-up, there was no income during the first quarter of the year. The net loss for the quarter was SEK 37.8 million with a cash position of SEK 48.6 million. IMPORTANT EVENTS First quarter of 2023 · Fabrication and shipping of the main processing plant was completed · The two ton/hour ultra-small processing