Robex Shareholders Back Merger with Predictive Discovery to Forge West African Gold Giant
Robex Resources shareholders have overwhelmingly approved a merger with Predictive Discovery Limited, setting the stage for a combined entity targeting over 400,000 ounces of gold production annually by 2029.
- 94.54% Robex shareholder approval for merger with Predictive Discovery
- Merger consolidates Bankan and Kiniero gold projects in West Africa
- Combined production target exceeds 400,000 ounces of gold per annum by 2029
- Closing subject to Québec court and regulatory approvals, expected Q1 2026
- Strategic focus on advancing Bankan development post-merger
Robex Shareholders Endorse Merger
In a decisive move, shareholders of Robex Resources Inc. have voted overwhelmingly in favour of merging with Predictive Discovery Limited (PDI), with 94.54% of votes cast supporting the transaction. This strong mandate surpasses the required two-thirds majority, clearing a critical hurdle towards finalising the deal.
The merger, structured as a plan of arrangement under Québec law, aims to unite two of West Africa's most promising gold projects – Bankan and Kiniero. Both projects are noted for their advanced development stages and low-cost production potential, positioning the combined company as a formidable player in the region's gold mining sector.
Strategic Implications and Production Outlook
Chief Executive Officer Andrew Pardey expressed optimism about the merger's potential to create significant shareholder value. The combined entity is targeting annual gold production exceeding 400,000 ounces by 2029, a figure derived from the Bankan Project’s estimated 272,000 ounces and Kiniero’s 155,000 ounces. This scale of production would mark a substantial step up in West African gold output, underpinned by robust project economics and operational synergies.
Kiniero has recently achieved its first gold pour on time and within budget, signalling a smooth transition into commercial production. Meanwhile, the Bankan Project is poised for accelerated development following the merger, with 2026 expected to be a pivotal year for advancing its feasibility and operational plans.
Next Steps and Regulatory Approvals
While shareholder approval is a major milestone, the transaction’s completion remains contingent on several key conditions. These include obtaining the Superior Court of Québec’s approval and securing regulatory consents from the governments of Guinea and Mali, where the projects are located. The companies anticipate closing the deal in the first quarter of 2026, pending these approvals.
Investors will be watching closely as the combined company navigates these regulatory processes and begins integrating operations. The merger not only consolidates assets but also combines management expertise and financial resources, which could accelerate growth and enhance operational efficiencies.
Bottom Line?
With shareholder backing secured, all eyes now turn to regulatory approvals and the unfolding development of West Africa’s next major gold producer.
Questions in the middle?
- Will regulatory approvals from Guinea and Mali proceed smoothly to meet the Q1 2026 closing target?
- How will the combined company prioritise capital allocation between Kiniero’s ramp-up and Bankan’s development?
- What are the risks to achieving the ambitious 400,000-ounce annual production target by 2029?
