Akobo Minerals Ab (AKOBF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

few junior miners who have actually managed to progress from discovery to production. And we're now operating with positive cash flow from our operations. And we're the first international gold producer to begin operations in Ethiopia since 1993. We have strong support from the government, from the ministries, but also from the Ethiopian Investment Holding, the Ethiopian sovereign fund, who is now also a shareholder over Kobo Minerals. We're listed on the Euronext growth in Oslo. And as you can see here from the numbers, we have an in-situ value of the Segheli deposit of around $280 million. That's based on a gold price of 4,100 per ounce. We also have a gold loan which stands at 38 million dollars today based upon the same gold price. So we'll come back to that and just explain for those who are not familiar with it. Just a few pictures here you can see our mine geologists looking at visible gold after blasting and figuring out where to go next. You can see the excavator digging down into the new vertical shaft and you can see some production from our processing plant. So latest key events. This is a milestone for the company, positive EVTA for the first time ever, around 730,000 US dollars. The Q3 production was strong. We did 21 kilos of gold ore bars at an average grade, close to 30 gram per ton, which is very, very high. That has a value of around $2.4 million in sales. Also, we're continuing into Q4, October-November production being strong so far by 13.5 kilos in total. The average is a bit lower, 21 gram per ton. That has to do with the fact that we are now trying to blend more towards the 20 gram per ton target. That will keep the processing more stable and better. That has a value of around 1.9 million dollars in sales. We see that we have a cash and Gold D...