Quebec City, Quebec, May 31st, 2024 – Robex Resources Inc. (“Robex” or the “Company“) (TSXV: RBX) today reports operational and financial results for the first quarter ending March 31st, 2024 (“Q1 2024“).

HIGHLIGHTS

Safety of operations: Nampala and Kiniero accumulated 1.0 million hours worked without injury with lost time work;
Ore mined increased to 680,558t (+20%) compared with Q1 2023, and the operating stripping ratio improved from 3.5x to 1.6x in Q1 2024;
Ore processed increased to 551t (+5%), while treated ore grade and ore recoveries amounted at 0.82g/t and 89.5%, respectively;
Gold production reached 12,957 ounces (+10%), at an All-In Sustaining Cost (“AISC“) per ounce of gold sold1 of $1,134, down 23% from Q1 2023;
Operating income stood at $11,755,444, an increase of 29% compared to Q1 2023, attributable to higher volume sold, improving gold price environment and cost optimization;
Operating cash flow is positive at $20,907,386, up by 62% compared to Q1 2023, and;
Cash and net debt1 stood at $16,604,181 and $43,796,068 respectively at the end of March 2024.
Aurélien Bonneviot, Chief Executive Officer, commented: “Nampala continues to perform well and delivered another robust quarter of low-cost gold production. Most importantly, we continue to operate while maintaining strong safety and security standards.

Robex is on track to achieve annual guidance of 45-49koz of gold at an AISC per ounce of gold[1] of less than CAD$ 1,500/oz (equivalent to US$ 1,100/oz).

The successful drilling campaign at Kiniero delivered solid resource conversion. We are currently working on engineering to increase design and throughput while advancing early works”.

CURRENCY

Unless otherwise indicated, all references to “$” in this news release are to Canadian dollars. References to “US$” in this news release are to U.S. dollars.

OPERATIONAL AND FINANCIAL SUMMARY

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https://robexgold.com/robex-reports-operationnal-and-financial-results-for-q1-2024/