Akobo Minerals has reported its first operating profit in the third quarter of 2025. The company produced 73 kilograms of gold over the year, with plans to boost output by 2026 through infrastructure upgrades.
Akobo Minerals, an Ethiopian gold mining company, has achieved its first positive EBITDA of $730,000 in the third quarter of 2025. This milestone was driven by a high-grade gold yield of 29.7 g/t and favorable global gold prices. Over the full year, the firm produced 73 kilograms of gold, including 21.5 kilograms in the most recent quarter, with a value of approximately $1 million. Additionally, it holds 600 tonnes of unprocessed material estimated at $1.6 million in-situ value.
Operational improvements include the installation of a chemical-free gravity processing system and preparations for a new vertical shaft, enhancing efficiency and environmental standards. Financially, the company completed restructuring with debt adjustments and converted all remaining convertible bonds to shares. A $3 million investment from Ethiopian Investment Holdings has bolstered its balance sheet.
Looking forward, Akobo plans to deepen the vertical shaft to 120 meters for better ore access, anticipating higher production starting in August-September 2026.