Robex Resources Announces Impressive First Quarter 2026 Production Results from Kiniero Gold Mine
Robex Resources Inc., a prominent gold mining company, has released its production update for the first quarter of 2026, showcasing significant achievements at its Kiniero Gold Mine located in Guinea. The company reported substantial gold production and strong financial metrics as operations continue to expand following the commencement of commercial production earlier this year.
Kiniero Gold Mine Production Highlights
During Q1 CY2026, the Kiniero Gold Mine demonstrated remarkable operational performance. The facility processed 1.6 million tonnes of ore at an average grade of 0.85 grams per tonne of gold, resulting in the production of 39,367 ounces of gold. This impressive output reflects the mine's successful ramp-up phase after achieving commercial production status in February 2026.
The company poured 38,178 ounces of gold during the quarter, with 32,306 ounces sold or provisionally sold at an average realized price of US$4,804 per ounce. Following the quarter's end, an additional 3,288 ounces were shipped on April 2, 2026, generating estimated proceeds of approximately US$15.2 million.
Financial Strength and Cash Position
Robex Resources reported a substantial increase in its financial reserves, with cash and bullion holdings reaching US$255 million as of March 31, 2026. This unaudited figure includes bullion comprising poured but unsold gold, valued using a gold spot price of US$4,629 per ounce. The strengthened financial position underscores the company's operational success and market confidence.
Nampala Gold Mine Performance
In addition to the Kiniero operations, Robex Resources provided production data from its Nampala Gold Mine in Mali. During the same quarter, Nampala processed 0.5 million tonnes of ore at an average grade of 0.70 grams per tonne of gold, producing 10,000 ounces of gold. The mine poured 10,874 ounces and sold or provisionally sold 9,493 ounces at an average price of US$4,797 per ounce.
Corporate Communications and Future Updates
The production announcement was formally approved and authorized for release by Robex Resources' Board of Directors. Company leadership, including Managing Director and Chief Executive Officer Matthew Wilcox and Chief Financial Officer Alain William, emphasized their commitment to transparent investor communications.
Robex Resources has indicated that a comprehensive update covering both operations and exploration activities will be included in the March 2026 quarterly report, scheduled for release later this month. This forthcoming report is anticipated to provide additional insights into the company's strategic direction and operational milestones.
The TSX Venture Exchange and its Regulation Services Provider have noted that they do not accept responsibility for the adequacy or accuracy of this release, which is standard disclosure for such corporate announcements.
