Akobo reports gold output of nearly 3 kg for October
Gold exploration and mining company Akobo Minerals has reported total production of 2.83 kg of gold at its Segele mine, in Ethiopia, in October.
Akobo says this marks a significant milestone in ramp-up and commissioning activities, underscoring its operational capabilities.
This month’s production includes its second gold bar, weighing about 1.5 kg with an estimated grade of 15 g/t, highlighting the potential of the company’s Segele operations as it transitions to regular production.
The company says that, as it moves into November, it anticipates increased throughput, drawing it closer to covering operational costs.
It notes that mining operations head Helge Rushfeldt has been on site to guide efforts, reporting a highly focused and efficient team. With a robust optimisation strategy in place, Akobo says its team is committed to maximising tonnage and production.
Additionally, the company says it has significantly strengthened its team by bringing specialists in mining operations and supply chain and support services on board.
“We believe this will translate into higher efficiencies supporting our production goals. In this matter we are supported by Sutton Global, an internationally recognised mining and processing services provider.
“With a clear path forward, we are confident in continued growth and look forward to providing further updates,” says Akobo.
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