# Akobo achieves best quarterly performance to date

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/akobo-achieves-best-quarterly-performance-to-date--f6eb4821-d716-4f2d-b368-7678014ef016

Original source: https://www.miningweekly.com/article/akobo-achieves-best-quarterly-performance-to-date-2026-09-30

Publisher: miningweekly

Original announcement: 2026-09-30T08:36:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-09-30T14:48:58.216Z

Atlas analysis updated: 2026-09-30T14:48:58.216Z

- Company: Akobo Minerals

- Ticker: Unavailable

- Exchange: Unavailable

- Region: Ethiopia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Production, Drill results

- Extracted: 2026-09-30 14:48:58 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Akobo Minerals achieved record gold production of approximately 37 kg and record EBITDA for the quarter ended June 30, 2026. The company also made significant progress in debt repayment to Monetary Metals and continues to invest in the Segele mine in Ethiopia.

Reasoning: The company reported its strongest quarterly performance to date with record production and high grades, despite some operational disruptions.

- Positive factor: record gold production

- Positive factor: record EBITDA

- Positive factor: high recovered grade

- Positive factor: significant debt repayment

- Negative factor: temporary operational disruptions

Facts used in scoring: 2

## Classification and evidence

**High Grade**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The recovered grade of 38.5 g/t is noted as being among the highest for operating underground gold mines globally.

Evidence · text

> average recovered grade of 38.5 g/t, which the company says is among the highest grades reported by any operating underground gold mine globally

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Drill Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/akobo-achieves-best-quarterly-performance-to-date--f6eb4821-d716-4f2d-b368-7678014ef016#fact-drill-facts-0)

Segele mine · gold

Needs review: drill\_no\_hole\_id

#### Identity

- Project: Segele mine
- Commodity: gold
- Region: ethiopia
- Reported Region: ethiopia

#### Geometry

- Grade: 38.5
- Grade Unit: g/t

#### Classification

- Sample Type: drill

#### QA/QC

- QA/QC Methods: standards

#### Review

- Needs Review: Yes
- Review Reason: drill\_no\_hole\_id
- Interp. Status: scored
- Historical: No

#### Dates

- Event date: 2026-09-30T00:00:00.000Z

Reasoning: The recovered grade of 38.5 g/t is described as among the highest grades reported by any operating underground gold mine globally.

- Positive factor: high recovered grade

Evidence · text

> average recovered grade of 38.5 g/t

#### Tags used in scoring

**No QA/QC Disclosure**

Polarity: negative

Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.

Why it applies: qaqc\_disclosed is not true

**Cut-off Undisclosed**

Polarity: negative

Definition: High-grade interval reported without stating the cut-off grade used for compositing.

Why it applies: no cutoff\_grade was stated

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.