From GlobeNewswire: 2025-06-02 08:18:00

Robex Resources Inc. is making significant progress in 2025, with construction ongoing at Kiniero for first gold in Q4. The company secured a $130 million senior debt facility with Sprott and is progressing an ASX IPO for trading on June 5th, 2025. Ore mined in Q1 2025 was 632 kt, with gold production at 12,892 ounces. Operating income was $16.3 million.

The Company’s key priorities for 2025 include delivering the construction project in Guinea as planned, securing subsequent utilization of a senior debt facility for the Kiniero Project, and ASX listing and equity raise. The net proceeds of AUD$120 million raised through the ASX listing will go towards developing Kiniero and covering various expenses.

For the quarter ended March 31, 2025, Robex produced 12,892 ounces of gold, with a slight decline due to lower recovery rates. Gold sales decreased to 11,869 ounces, but revenues rose by 26.0% to $49.4 million. The net loss for Q1 2025 was $29.2 million, reduced from $32.1 million in Q1 2024.

Cash flows from operating activities were $17.2 million in Q1 2025, with investing cash flows of $49.6 million, reflecting continued investment in the Kiniero project. The Company completed a $34.0 million equity financing and drew down $35.9 million from the Sprott project financing facility to advance the project.

The 2025 forecast for Nampala includes gold production of 46,000 to 48,000 ounces and an all-in sustaining cost (AISC) of less than $2,000 per ounce. The forecast for Kiniero includes development capital expenditures of $210 to $225 million and pre-production costs of $33 to $35 million. The Company uses non-IFRS financial measures to provide insight into its operating performance and trends.

Robex Resources Inc. cautions readers to consult its full financial statements and MD&A for a complete understanding of its performance. Forward-looking statements in this news release are based on assumptions and factors that could impact actual results. The Company undertakes no obligation to update forward-looking information.



Read more at GlobeNewswire:: Robex Reports Operational and Financial Results for Q1