As previously disclosed, the Company produced 117,004 ounces of gold in the fourth quarter and 379,081 ounces for the full-year 2025. Strong Financial Position: As of December 31, 2025, the Company had cash and cash equivalents of $479.8 million. Operational HighlightsFourth Quarter Production: The Company produced 117,004 ounces of gold in the fourth quarter, bringing total production for 2025 to 379,081 ounces, exceeding the Company’s annual production guidance of above 375,000 ounces. For the fourth quarter, ore feed and grades were in line with plan, with slightly higher recoveries. Consequently, this measure is not representative of all of the Company’s cash expenditures.

Source: Ethiopian News March 31, 2026 21:12 UTC