Akobo exceeds production target at Ethiopia mine
Scandinavian gold producer Akobo Minerals, which owns and operates the Segele mine, in Ethiopia, has produced about 7 kg of doré gold in October, exceeding its monthly target of 5 kg.
Cumulative doré production to date is about 58 kg.
Akobo says mobilisation and site preparation for the vertical shaft at Segele are under way, while headgear fabrication is on schedule, with load testing planned for early November and packing and shipment to site expected by the end of this month.
Of the total 60 m planned in Phase 1 of the shaft development, 15 m have been completed, with an additional 15 m to 20 m expected before reaching hard rock.
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