What's Happening?
Robex Resources Inc., a Canadian gold mining company, has successfully poured its first gold at the Kiniéro Gold Project in Guinea, West Africa. The gold bar, weighing 2.64 kilograms, was produced on schedule
and within budget, marking a significant milestone for the company. The project has been under construction for 17 months, with nearly 5 million hours worked without a lost time injury. The Kiniéro plant is expected to reach its nameplate capacity by early Q1 2026. The project is Robex's second producing asset, alongside the Nampala project in Mali. The company has also secured an exclusive option to buy back and extinguish the Mansounia royalties, which will further enhance its financial position.
Why It's Important?
The successful gold pour at Kiniéro is a testament to Robex's operational capabilities and strategic planning. This achievement not only strengthens Robex's position in the West African gold mining sector but also sets the stage for its proposed merger with Predictive Discovery. The merger aims to create a tier-1 gold mining hub in West Africa, with a projected annual production of over 400,000 ounces by 2029. This development is significant for stakeholders as it promises increased production capacity and resource consolidation, potentially leading to enhanced shareholder value and regional economic growth.
What's Next?
Robex plans to continue ramping up operations at the Kiniéro site, with commercial production targeted for early 2026. The company is also focused on completing its merger with Predictive Discovery, which will combine the Kiniéro and Bankan projects. This merger is expected to create a mid-tier gold producer in West Africa, further solidifying Robex's market position. Additionally, Robex is working on extinguishing the Mansounia and Oragem royalties, which will improve its financial flexibility and profitability.
