Akobo Minerals reports record Q2 2026 results - African Mining Market

AI desk brief

Akobo Minerals reported record Q2 2026 gold production of about 37 kg doré, its highest quarterly output to date, at an exceptional recovered grade of 38.5 g/t from the Segele underground mine in Ethiopia. Management also cited preliminary revenue of SEK 57.3 million ($6.1 million), EBITDA of SEK 40.7 million ($4.3 million) and about $3.4 million of debt repaid to Monetary Metals, with cash at SEK 31.5 million ($3.4 million).

Production resumed in June after temporary disruptions earlier in the quarter, and the company said it expects about 35 kg of Q3 output, with 700 tonnes of stockpiled ore available for processing. It has also repaid a further $3.0 million in September, brought 2026 repayments to roughly $7.0 million, and is preparing its first gold export shipment while onboarding an LBMA-approved refinery.