Robex Faces Production Ramp-Up Challenges as Kiniero Yields 39,367oz Gold in Q1

Q1 2026 Production Overview

Robex Resources Inc. (ASX: RXR, TSX-V: RBX) has provided an operational update for the first quarter of calendar year 2026, highlighting production from its Kiniero Gold Mine in Guinea and Nampala Gold Mine in Mali. Following the start of commercial production at Kiniero in February 2026, the mine milled 1.6 million tonnes of ore at an average grade of 0.85 grams per tonne (g/t) to produce 39,367 ounces of gold during the quarter.

At Nampala, the operation milled 0.5 million tonnes of ore at an average grade of 0.70 g/t, resulting in 10,000 ounces of gold produced in the same period. These figures reflect ongoing production activities as Robex continues to develop its West African gold assets.

Financial Position and Sales

Robex reported an increase in cash and bullion holdings to US$255 million as of 31 March 2026. This figure includes poured but unsold gold valued at a spot price of US$4,629 per ounce. During Q1, Kiniero poured 38,178 ounces of gold and sold or provisionally sold 32,306 ounces at an average realised price of US$4,804 per ounce. Additionally, a shipment of 3,288 ounces was dispatched on 2 April 2026, with estimated proceeds of US$15.2 million.

Similarly, Nampala poured 10,874 ounces and sold or provisionally sold 9,493 ounces at an average price of US$4,797 per ounce in the quarter. These sales figures contribute to the company’s liquidity and reflect market conditions during the period.

Operational Ramp-Up and Outlook

The Kiniero operation continues its ramp-up phase following the achievement of commercial production in February 2026. Robex indicated that it will provide a comprehensive update on operations and exploration activities in its forthcoming March 2026 quarterly report, expected later in April.

Robex’s Managing Director and CEO Matthew Wilcox was pictured with gold bars produced at Kiniero during the quarter, underscoring the tangible progress at the mine. The company’s financial and production data suggest a steady advancement in operational capacity, although detailed cost and forward guidance were not disclosed in this update.

In a broader market context, the reported average realised gold prices around US$4,800 per ounce align with prevailing gold price levels in early 2026, supporting revenue generation from the company’s West African assets.