Akobo Minerals AB, a Scandinavian-based Ethiopian gold producer, provides an operational update for March 2025.
Highlights
- Mining operations progressed well in March, starting with lower-grade ore and reaching higher-grade material toward month-end.
- Smelting has been temporarily delayed due to a critical part failure with the electrowinning unit. Ore continues to be mined and stockpiled, and replacement panels are being shipped and will be installed shortly.
- The high-grade ore body at the 575 level, previously referred to as Stope 01, was reached in the final days of March, with an estimated average grade of 75 g/t.
- Work is ongoing to improve camp and site water logistics by connecting wells via pipeline to the water systems at both locations.
- Gold is trading at all-time highs, providing a favourable market backdrop and supporting strong future cash flow.
- While global markets face uncertainty due to tariffs and trade tensions, the gold price remains resilient.