^QUEBEC CITY, Jan. 24, 2024 (GLOBE NEWSWIRE) — Robex Resources Inc. (TSXV: RBX)
(“Robex” or the “Company”) is pleased to report a production of 51,827 oz
(?oz”), which represents the upper end of the forecast of 48,000 oz to
52,000 oz was reached.
Company Highlights in Q4 2023
* Gold production of 14,307 ounces of gold in Q4 2023, an increase of
28% compared to 11,253 ounces in Q4 2022
* Processed 543,242 tons of ore grading 0.94 grams gold per
ton (?g/t”), an increase in the amount of ore processed by 5% in
Comparison to Q4 2022
* Gold recovery of 87.5%, down 1.9% compared to Q4
2022
Company highlights in 2023
* Gold production of 51,826 ounces, an 11% increase in production in
Comparing to 2022 and reaching the upper end of the forecast of 48,000
Ounces to 52,000 ounces
* Processed 2,224,890 tonnes of ore grading 0.81 g/t gold, one
Increase in the amount of ore processed by 10% compared to 2022
* Gold recovery of 89.5%, an increase of 1.0% compared to 2022
* Gold sales of 51,184 ounces, up 7% compared to 2022
* 4.0 million working hours without accidents at work with downtime
entire group
Daniel Marini, COO, commented: “We are very happy with
our performance, particularly with the fourth quarter being the strongest in
was this year. I would like to thank our team for making the
Production goals while maintaining a high safety standard and with
has also achieved very encouraging results in the area of ESG. We now have
Mali and Guinea integrated into a range of KPIs and look forward to the year
2024. In summary, for Robex today’s records are the
Tomorrow’s average values are.”
About Robex Resources Inc.
Robex is a West African gold production and development company
with multiple locations and near-term exploration potential. The company
is committed to a safe, diverse and responsible
Doing business in the countries in which it operates is sustainable
to promote growth. The company has been operating the Nampala mine in Mali since 2017
and is advancing the Kiniero gold project in Guinea.
Robex is supported by two strategic shareholders and aims to:
to become a leading gold producer in West Africa.
Further information
ROBEX RESOURCES INC. FINANCIAL COMMUNICATIONS RENMARK INC.
Aurelien Bonneviot
Chief Executive Officer
Robert Thaemlitz
Stanislas Prunier Account Manager
Investor Relations and Corporate
Development +1 416 644-2020 or +1 212 812-7680
+1 581 741-7421
Email: [email protected]
Email:[email protected] (mailto:[email protected]
(mailto:[email protected]) )
www.robexgold.com www.renmarkfinancial.com
(http://www.robexgold.com) (http://www.renmarkfinancial.com)
Forward-Looking Statement
Certain information contained in this press release is forward-looking
statements” and “forward-looking information” within the meaning of the applicable
Canadian securities laws (hereinafter referred to as “forward-looking statements”
designated). Apart from statements about historical facts, certain…
The information contained herein constitutes forward-looking statements
other statements regarding: the potential development
and exploitation of the Mansounia Central deposit or the Kiniero project as well
the Company’s existing mineral properties and business plan,
including completing feasibility studies or meeting
production decisions relating thereto; the future financial or
operational performance of the Company, the Mansounia Central deposit and
the Kiniero project; the results of the work carried out to date; the
Realization of mineral resource and mineral reserve estimates; the
Development, the operational and economic results of
Pre-feasibility studies conducted for the Mansounia Central deposit
will or will not, including cash flows, earnings potential, potential for
a phased development, capital expenditure, development costs and their
timing, mining rates, mine life and cost estimates; Size
or quality of mineral deposits; expected further development of the
Kiniero project including mine plan; Exploration expenditures, costs and
schedule for the development of new deposits; exploration potential and
-opportunities at the Mansounia Central deposit; Cost and schedule for
future exploration; Conclusion and schedule for future ones
development studies; estimates of metallurgical recovery rates;
expected progress of the Mansounia Central deposit, the Kiniero
project and future exploration prospects; the need for additional
Capital; the future price of metal; the government regulation of
mining operations; environmental risks; the schedule and possible outcome of
pending regulatory matters; the realization of the expected
Economics of the Mansounia Central deposit and the Kiniero project;
and the future growth potential of the Mansounia Central deposit.
Forward-looking statements are often identified by the use of words such as
“can”,?will”,?could”,?would”,?anticipate”,?believe”,?expect”,
“intend”,?potential”,?estimate”,?budget”,?planned”,?plan”,
“anticipate”, “forecast”, “goals” and similar expressions.
Forward-looking statements are based on a number of factors and assumptions,
made by management and at the time of deployment
this information is considered appropriate. Regarding the assumptions and
Factors include: the company’s ability to achieve its planned
complete exploration programs; the absence of adverse circumstances
Kiniero Project or at the Mansounia Central deposit; no
unforeseen operational delays; no significant delays
in obtaining the necessary permits; the price of gold, which is based on one
Level remains that of the Mansounia Central deposit and the Kiniero project
economic power; the company’s ability to continue to do so
capital required to finance operations and repay
to raise short-term liabilities; and the ability to
Realize mineral resource and mineral reserve estimates.
Forward-looking statements necessarily involve known and unknown factors
There are risks and uncertainties that may result in the
actual performance and financial results in future periods
significantly from any projections of future performance or results
differ from those expressed or expressed in such forward-looking statements
be implied. These risks and uncertainties include, but are not limited to:
general business, economic and competitive uncertainties;
the actual results of current and future exploration activities;
geopolitical risks, political risks associated with mining
developing countries; Conclusions more economical
Reviews; the arrival of various expected cost estimates; Advantages
the use of certain technologies; Changes to project parameters and/or
economic assessments as plans are further refined;
future metal prices; possible fluctuations in mineral content or the
recovery rates; the risk that the actual costs exceed the estimated ones
costs exceed; geological, mining and exploration problems;
Failure of plant, equipment or processes not as expected
function; Accidents, work conflicts and other risks
mining industry; Delays in obtaining regulatory approvals
or financing; the speculative nature of mineral exploration and
-development (including the risks associated with obtaining the
necessary licenses, permits and approvals from the authorities
are connected); property rights; the impact of COVID-19 on the
timing of exploration and development work and the capability
management to anticipate and manage the aforementioned factors and risks
get over. Although the company has tried to take into account important factors
identify that could lead to the actual actions,
Events or results may differ materially from those set forth in the forward-looking statements
Statements described may vary, there may be other contributing factors
cause actions, events or results not to occur as expected,
estimated or intended. Readers are advised to read the
Take note of and take into account risk factors that are included in the
disclosed in the Company’s disclosure documents. To one
more complete discussion of these risk factors and their potential
To obtain impact, you can click on the company’s profile on SEDAR
access at www.sedar.com.
There can be no assurance that forward-looking statements will prove to be correct
prove to be true or even bring advantages to Robex, as the actual ones
Results and future events could differ materially from those expressed in such statements
expected. The company is not obliged to
to update forward-looking statements if circumstances or the
Management estimates or opinions should change unless this
is required by applicable securities laws. Those contained herein
Forward-looking statements are intended to assist investors in understanding the plans,
To understand the company’s objectives and goals, and may be
not suitable for other purposes. There are no forward-looking statements
Guarantee of future performance and the reader is cautioned not to
to place undue reliance on forward-looking statements.
Please see the “Risk Factors” section of the annual
Company information form for the period ending December 31, 2022
Fiscal year from April 28, 2023 as well as the section?Risks and
Uncertainties” of the management discussion and analysis from April 28, 2023
for the financial years ending December 31, 2022 and December 31, 2021 and
the discussion and analysis of the company’s management dated August 28, 2023
for the six-month periods ending June 30, 2023 and June 30, 2022, which
all electronically on SEDAR at www.sedar.com (http://www.sedar.com/)
Are available. All forward-looking statements contained in this press release
Statements are expressly qualified by these warnings.
Neither TSX Venture Exchange nor its regulation service providers (as applicable).
the definition of that term in the policies of the TSX Venture Exchange)
accept responsibility for the appropriateness or accuracy of these
Press release.
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