Akobo Minerals announces half-year 2022 results
OSLO, 25 August 2022: Akobo Minerals AB (publ) (EURONEXT: AKOBO), the Scandinavian-based Ethiopian gold exploration and boutique mining company, today reported its half-year 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 first half of the year. The net loss for the period was SEK 2.4 million. The company has no external debt, with a cash position of SEK 5.9 million. Jørgen Evjen, CEO of Akobo Minerals, said: “As Akobo Minerals works towards our goal of commencing gold production in early