Akobo Minerals AB has reported one of its best quarters yet, achieving record gold production and posting its first-ever positive EBITDA in the company’s 15-year history.

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The Scandinavian-based gold producer, operating in Ethiopia, produced 21.5 kilograms of doré gold in Q3 2025, marking a significant milestone in its growth trajectory. September alone delivered 6.5 kilograms, surpassing the monthly target of 5 kilograms and bringing cumulative production to 51.5 kilograms to date.

Akobo said strong production performance, stable plant operations, and record-high gold prices contributed to the solid results and strengthened operational cash flow.

Operationally, newly appointed Operations Manager Johnny Swanepoel has begun fine-tuning and optimisation work on the processing plant, with September efforts focused on cleaning and gold recovery improvements.

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Meanwhile, construction of the vertical shaft continues to advance, with fabrication and detailed planning progressing as scheduled. Heavy equipment mobilisation has started, and a specialist shaft-sinking team is on its way to site.

The company said production remains on track as it enters the final quarter of 2025, with ongoing improvements expected to further enhance performance and profitability.