Akobo facing liquidity issues following disappointing production results
Euronext-listed gold producer Akobo Minerals’ gold production for March and April amounted to 1 kg at an average grade of about 3 g/t, which is below the company’s expectations, the company said on May 5. In an operational update for April, Akobo said these underwhelming production result have caused near-term liquidity issues for the company, putting it on shaky ground as a going concern.
Euronext-listed gold producer Akobo Minerals’ gold production for March and April amounted to 1 kg at an average grade of about 3 g/t, which is below the company’s expectations, the company said on May 5. In an operational update for April, Akobo said these underwhelming production result have caused near-term liquidity issues for the company, putting it on shaky ground as a going concern.
