Akobo Minerals Reports Second Quarter 2026 Results
Scandinavian gold producer Akobo Minerals AB announced its second quarter 2026 financial results. The company stated this was its strongest quarter since production commenced at the Segele mine in Ethiopia.
Oslo-based Akobo Minerals AB, a Scandinavian gold producer operating the Segele underground gold mine in Ethiopia, announced its results for the second quarter of 2026 on September 30, 2026. The company reported that the quarter was its strongest since production began at Segele in October 2024.
Akobo Minerals achieved record gold production and record EBITDA during the period. The company also reported substantial debt repayment while continuing to invest in future growth. Specific production figures and financial details were not disclosed in the announcement.
The Segele mine is described by the company as one of the world's highest-grade underground gold mines. Akobo Minerals' operations are centered on this Ethiopian asset.
The company indicated that investments in future growth remain a strategic priority, supported by the improved production results.