Scandinavian-based gold producer operating in Ethiopia, Akobo Minerals ended the fourth quarter with strong production, revenues, and EBITDA, reflecting stable underground operations and disciplined execution.

The company’s production and operations indicate that its gold production for December was approx. 8 kg (USD 1 million), cumulative doré production to date: approx. 73 kg, while stock of blended material to be processed: approx. 600 tonnes, estimated in-situ value USD 1.6 million.

Akobo highlighted that the fourth quarter for 2025 was the strongest quarter to date, with doré gold production of approx. 21.5 kg.

Operations at the Segele mine remained stable throughout December, with continued production from existing underground workings.

The mining team is balancing production by blending grades, to allow for the mine to achieve a sustainable and constant run-of-mine while developing the new vertical shaft.

Executing the next phase now allows continued production from existing winzes during shaft development, while avoiding production constraints that would arise if this work were deferred.

Once the vertical shaft and associated lateral development are commissioned, production from the winzes will be phased out, with the western winze converted to a ventilation shaft and the eastern winze repurposed as a travelling way and emergency exit.

Akobo Minerals’ Segele mine has an Inferred and Indicated Mineral Resource of 69,000 ounces, yielding a world-class gold grade of 22.7 g/ton.

The mineralized zone remains open at depth, supporting future resource estimates and extending the mine’s life.

The exploration license holds numerous promising exploration resource-building prospects in both the vicinity of Segele and in the wider license area.
Meanwhile Akobo Minerals maintains strong relationships with local communities and government authorities, placing ESG principles at the core of its operations.

The company’s commitment to sound ethics, transparency, and stakeholder engagement is evident through its industry-leading extended shared value program.