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Robex Resources
(RBX)
Robex Resources (RBX) vs. S&P 500 (SPY)
Robex Resources Business Overview & Revenue Model
Robex Resources Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 152.71M | 134.67M | 112.24M | 103.89M | 120.83M | 99.19M | Gross Profit |
| 15.68M | 68.88M | 62.41M | 54.54M | 65.45M | 34.17M | EBIT |
| -5.80M | -13.20M | 41.65M | 37.09M | 48.53M | 21.43M | EBITDA |
| 82.53M | 65.32M | 53.97M | 49.23M | 69.64M | 52.77M | Net Income Common Stockholders |
| -34.34M | -6.64M | 30.78M | 15.89M | 44.61M | 19.07M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 7.42M | 12.22M | 3.61M | 20.72M | 8.90M | 13.60M | Total Assets |
| 109.69M | 266.99M | 251.76M | 142.67M | 116.77M | 97.71M | Total Debt |
| 36.06M | 58.85M | 25.28M | 11.44M | 7.89M | 13.59M | Net Debt |
| 28.64M | 46.63M | 21.67M | -9.28M | -1.01M | -9.39K | Total Liabilities |
| 52.78M | 82.92M | 55.21M | 44.02M | 25.53M | 25.03M | Stockholders Equity |
| 56.22M | 183.69M | 193.19M | 97.42M | 90.14M | 71.96M |
| Cash Flow | Free Cash Flow | ||||
| -17.68M | -7.37M | -5.28M | 8.71M | 34.38M | 27.56M | Operating Cash Flow |
| 44.31M | 53.27M | 29.82M | 43.92M | 63.47M | 45.84M | Investing Cash Flow |
| -85.42M | -76.73M | -47.69M | -34.87M | -30.20M | -18.24M | Financing Cash Flow |
| 95.02M | 35.20M | 733.51K | 4.18M | -39.74M | -21.43M |
Robex Resources Technical Analysis
Robex Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | C$2.35B | 17.29 | 27.15% | ― | 67.54% | ― | |
73 Outperform | C$7.71B | ― | -9.94% | 4.32% | 22.47% | -791.36% | |
71 Outperform | $5.25B | 235.70 | 1.33% | 0.94% | 6.02% | ― | |
66 Neutral | C$4.99B | ― | -18.54% | 5.30% | -0.18% | -2195.85% | |
62 Neutral | C$431.41M | ― | -5.29% | ― | 17.61% | -213.86% | |
47 Neutral | $2.36B | -2.99 | -21.59% | 3.58% | 4.21% | -28.30% |
Robex Resources Corporate Events
Robex Resources Inc is making significant progress on its Kiniero Gold Project in Guinea, with construction activities on track and within budget. The company plans to achieve its first gold pour by Q4 2025 and expects to produce 155,000 ounces of gold in 2026. Key construction milestones include the completion of the SAG and ball mill foundations, the primary crusher ROM wall, and significant progress on the tailings storage facility. The project remains free of lost time injuries, and major contracts for mill installation and mining are set to be awarded soon. This advancement positions Robex well within the gold production industry, potentially enhancing its market presence and stakeholder value.
Robex Resources Inc. reported its 2024 financial results, highlighting a transformative year with a new board and management. The company achieved 5.2 million hours without injury and saw a slight increase in ore mined. However, gold production decreased by 9.9% to 46,715 ounces due to processing challenges, though revenues rose by 17.6% due to higher selling prices. The company also announced the nomination of new joint corporate secretaries and the grant of Performance Share Units to align with long-term objectives.
Robex Resources Inc. has successfully closed a US$130 million syndicated facility agreement with Sprott Resource Lending to finance the construction of the Kiniero Gold Project in Guinea. This agreement marks a crucial milestone for Robex, enabling the initial utilization of US$25 million, with further disbursements subject to specific conditions. Additionally, Robex issued 773,811 bonus shares to the lender as part of the agreement, reflecting 1% of the total commitment, which underscores the company’s strategic financial maneuvers to advance its project development.
Robex Resources Inc. has signed a US$130 million syndicated facility agreement with Sprott Resource Lending to finance the construction of the Kiniero Gold Project in Guinea. This agreement marks a significant step for Robex, as it secures the necessary funding to advance the project, with plans to list its shares on the Australian Securities Exchange. The facility includes favorable terms such as no mandatory gold hedging or royalties, and the issuance of bonus shares as additional compensation to the lender.
Robex Resources Inc. has successfully closed a convention with the government of Mali, granting the government a 20% ownership in Nampala SA and involving them in governance through a shareholder agreement. This development is expected to enhance Robex’s operations in Mali, as the company aims to extend the life of the Nampala mine and further develop its properties, reinforcing its strategy for sustainable growth.
Robex Resources Inc. has announced that the Government of Mali has approved a new convention agreement between the company and the state. This agreement, which includes a memorandum of understanding from 2024, increases the state’s non-contributory, non-dilutable shares in the company’s capital, offering them priority dividends. This development is part of broader mining sector reforms in Mali and resolves all outstanding liabilities between Robex and the government. The approval signifies strong collaboration with the Malian authorities and is expected to bolster Robex’s operations and position within the mining sector, ensuring a stable framework for future activities and investments.
Robex Resources Inc. has secured Sprott Resource Lending as the debt provider for its Kiniero Gold Project in Guinea, with a financing facility of up to US$105 million, potentially increasing to US$130 million. This facility, which has undergone comprehensive due diligence by Sprott, is structured to support the construction of the project, with the first drawdown expected in Q1 2025, aligning with Robex’s goal for a first gold pour by Q4 2025. The agreement includes competitive terms such as a 6.5% interest rate and no hedging or royalties, positioning Robex favorably in the gold production industry and enhancing its financial strategy to meet project milestones.
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.
Robex Resources Inc. has filed a prospectus supplement for its public offering of 14,634,200 common shares, aiming to raise gross proceeds of approximately $30 million. The funds are mainly intended to advance construction and procurement for the Kiniero Gold Project in Guinea, with additional allocations for administrative and working capital needs. The offering, led by SCP Resource Finance LP, is expected to close by January 29, 2025, pending necessary regulatory approvals.
Robex Resources Inc. has announced a ‘best efforts’ agency offering to sell up to 14,634,200 common shares at $2.05 per share, aiming to raise up to $30,000,110 CAD. The proceeds will primarily fund the Kiniero Gold Project in Guinea, focusing on construction and procurement for a planned Q4 first pour. The offering, expected to close by January 29, 2025, is contingent on receiving necessary regulatory approvals, including TSXV acceptance. Additionally, Robex has filed an amended technical report for the Kiniero project on SEDAR+ to correct typographical errors.
Robex Resources has extended the life of its Nampala Gold Mine in Mali to December 2026, with mineral reserves now estimated at 121,000 ounces of gold. The updated technical study anticipates an average annual production of 52,000 ounces, with all-in sustaining costs of US$1,106 per ounce, supporting the company’s continued cash flow and development of the Kiniero project in Guinea.
Robex Resources has announced an updated feasibility study for its Kiniero Gold Project, revealing a 46% increase in gold reserves to 1.41 million ounces and an 89% rise in post-tax NPV to US$322 million. The project aims to produce an average of 139,000 ounces of gold annually over a nine-year lifespan, with construction already underway and first gold expected by Q4 2025. The updated study shows improved economic metrics, and the company is pursuing further drilling to potentially increase resources and reserves, while also negotiating a debt facility expected to close in Q1 2025.