Robex Resources (TSE:RBX) has released an update.
Robex Resources Inc. has proudly announced a robust 2023 with gold production peaking at 51,827 ounces, adhering to the upper limit of their annual forecast, and a significant reduction in all-in sustaining costs by 12%, despite inflationary pressures. The company has also seen substantial operational advances with over 3.6 million hours worked injury-free and has successfully commenced development on the Kiniero site, backed by a US$ 35m bridge loan. Despite a 76% decrease in operating income, Robex has a positive operating cash flow, showing a 79% increase from the previous year.
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