The latest update is out from Robex Resources ( (TSE:RBX) ).
Robex Resources Inc. announced the successful closure of its ‘best efforts’ public offering, raising $34 million through the sale of over 16 million common shares. The funds will primarily support the advancement of their Kiniero Gold Project in Guinea, with a focus on construction, engineering, and procurement, aiming for a first gold pour by the end of 2025. This financial move is poised to significantly bolster Robex’s project development and operational capabilities, potentially elevating its position in the West African gold industry.
More about Robex Resources
Robex Resources Inc. is a West African gold production and development company with operations in Mali and Guinea. Known for its commitment to safe, responsible, and diverse operations, the company has been running the Nampala mine in Mali since 2017 and is advancing the Kiniero Gold Project in Guinea. Supported by strategic shareholders, Robex aims to become a leading mid-tier gold producer in West Africa.
YTD Price Performance: 2.55%
Average Trading Volume: 20,483
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$305.9M
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