Robex Faces Cost Pressures at Nampala Amid Kiniero Build and Merger Plans
Robex Resources reports strong Q3 2025 progress with Kiniero Gold Project on track for Q4 first gold pour, raises C$148 million via accelerated warrant exercise, and announces merger plans with Predictive Discovery.
- Kiniero Gold Project construction on schedule for Q4 2025 gold production
- C$148.2 million raised through accelerated warrant expiry
- Merger of equals announced with Predictive Discovery to create mid-tier West African gold producer
- Nampala Gold Mine produced 9,774 ounces in Q3 with strong safety record
- US$130 million senior facility amended to unlock US$90 million for Kiniero development
Kiniero Project Advances on Schedule
Robex Resources Inc. has made significant strides in the September 2025 quarter, with its flagship Kiniero Gold Project in Guinea progressing steadily towards first gold production expected in Q4 2025. Mining operations have commenced on both day and night shifts, with over 82,000 tonnes of material mined, including ore and stockpile rehandling. Construction milestones include near-complete mills, substantial progress on the power station and tailings storage facility, and full delivery of structural and electrical materials. The company reports more than 4.8 million lost-time injury (LTI)-free hours, underscoring a strong safety culture during this critical phase.
Robust Capital Raising and Financing Flexibility
Investor confidence was highlighted by Robex’s decision to accelerate the expiry of its 2024 warrants after the share price exceeded C$3.50 for ten consecutive trading days. This move raised a substantial C$148.2 million, bolstering the company’s balance sheet ahead of Kiniero’s commissioning. Additionally, Robex amended its US$130 million senior secured facility with Sprott Resource Lending, unlocking up to US$90 million to support ongoing development activities. This enhanced funding flexibility is a critical enabler for the project’s timely completion.
Strategic Merger to Strengthen West African Presence
On 6 October 2025, Robex announced a merger of equals with Predictive Discovery, an ASX-listed exploration company. The merger aims to create a stronger mid-tier gold producer with a diversified portfolio across West Africa. Subject to shareholder approval and customary closing conditions, the transaction is expected to complete by early 2026. This strategic move positions the combined entity to leverage operational synergies and enhance exploration and development capabilities in the region.
Nampala Gold Mine Maintains Steady Production
Robex’s Nampala Gold Mine in Mali produced 9,774 ounces of gold during the quarter, contributing to a year-to-date total of 34,401 ounces at an all-in sustaining cost (AISC) of C$2,555 per ounce. Despite operational challenges including weather-related disruptions and equipment maintenance, the mine maintained a strong safety record with no lost-time injuries. The company is focused on near-mine exploration to extend the mine life and sustain production levels.
Community and Environmental Commitments
Robex continues to prioritize responsible mining practices and community engagement. At Kiniero, the company completed construction of four community centres and upgraded local healthcare and education facilities. Environmental stewardship remains a focus, with ongoing monitoring programs and a tree nursery initiative to support future site rehabilitation. No environmental incidents were reported during the quarter, reflecting adherence to stringent standards.
Bottom Line?
With Kiniero nearing production and a merger on the horizon, Robex is poised for a transformative phase in West African gold mining.
Questions in the middle?
- How will the merger with Predictive Discovery reshape Robex’s operational strategy and asset portfolio?
- What are the key risks to Kiniero’s commissioning timeline given regional geopolitical and operational factors?
- How might the elevated all-in sustaining costs at Nampala impact Robex’s overall profitability in FY25 and beyond?
