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Robex Resources Inc V.RBX

Alternate Symbol(s):  RSRBF

Robex Resources Inc. is a Canada-based gold mining company. The Company owns two assets in the prospective Birimian Greenstone belt: the Nampala producing gold mine in Mali, and the Kiniero Gold Project in Guinea (Conakry). The Kiniero Gold Project is a 470 square kilometers (km2) package of mining licenses in the prolific Siguiri Basin, Guinea, and consists of the adjacent Kiniero (mining) and Mansounia (exploration) licenses which host numerous deposits. The Nampala Gold Mine is located in the Republic of Mali, approximately 250 kilometers (km) southeast (335km by road) of the capital of Bamako, 45 km northwest of the Syama Mine (operated by Resolute Mining Limited) and 91 km southwest of the Morila mine (operated by Firefinch Limited). The mine is in the Sikasso administrative region. The property has a total surface area of c. 280km2 and consists of two parts: the Nampala exploitation permit covering 16 km2, including the Nampala mine, and five exploration permits.


TSXV:RBX - Post by User

Comment by studpuppyon Apr 28, 2021 5:22pm
494 Views
Post# 33087586

RE:financials are out !!

RE:financials are out !!important facts about 2020

-IMPORTANT POINTS FOR 2020  22% INCREASE IN REVENUE 

Gold sales of $120.8 million compared to $99.2 million in 2019.

126% INCREASE IN OPERATING INCOME  Operating income of $48.5 million compared to $21.4 million in 2019, including respectively $20.9 million and $31.6  million of depreciation and amortisation of tangible assets. -

28% INCREASE IN CASH FLOWS FROM OPERATING ACTIVITIES1 Cash flows from operating activities1 of $65.1 million or $0.111 per share2  compared to $51 million or $0.088 per share2 in 2019.

LONGTERM DEBT REPAYMENT OF $6.8 MILLION  The Company’s longterm debt has been  reduced  from $13.3 million as of December 31, 2019  to $6.5 million as of  December 31, 2020. 

PAYMENT OF 2 EXTRAORDINARY DIVIDENDS TOTALLING $0.06 PER SHARE  Payment of a first dividend of $0.02 per share on the April 7, 2020 and a second of $0.04 per share on September 25,  2020, for a total amount of $35.5 million. 

SHAREHOLDER EQUITY INCREASED BY $18,2 MILLION  The book value of the ordinary shareholder equity was $90.1 million as of December 31, 2020 including $8.2 million of  retained  earnings.  This  compares  to  $72  million as  of  December  31,  2019  including  an  accumulated  deficit  of  $0.9 million.  

POSITIVE WORKING CAPITAL OF $8.8 MILLION   Positive working capital of $8.8 million as of December 31, 2020 compared to a positive working capital of $10.3 million  as of December 31, 2019.

SIGNIFICANT INVESTMENTS IN EXPLORATION OF APPROXIMATELY $8.3 MILLION  Exploration investments on Nampala’s operating licence of $8 million and on exploration licences of  $0.3 million in  2020.  RESOURCE INCREASED OF 103%  In  July,  the  Group  published  a  NI  43101  technical  report  increasing  its  indicated  resources  by  103%  over  the  2019 Mineral Resource Estimate (MRE2019). A new MRE in 2021 confirmed this figure, reporting 788,000 ounces of  gold and extending the mine life to over 10 years. 

Thanks to the exceptional dedication of all ROBEX employees, the Group successfully navigated the difficulties faced in 2020,  particularly the COVID19 pandemic and the longer and more extreme wet season in the Sikasso region (which includes the  Nampala  mine),  while  achieving  a  gold  production  close  to  our  objective.  The  debottlenecking  of  the  processing  plant  allowed the Company to increased productivity in 2020. This increased productivity partially made up for the reduction in  daily throughput and the lower grades caused by the extra stripping of the new pit and the extension of the initial pit.  

2020 Objectives  2020 Achievements 

Gold production (ounces)   51,100  50,348 

Total cash cost2 (per ounce sold)  < $650  $676  Allin sustaining cost2 (per ounce sold) 

< $1,000  1,277 $3 Exploration on all permits (Nampala, Mininko and Kamasso) 

171,990 drilling meters  125,049 drilling meters


Not too shaby ...earning per share 0.074 2020 vs 0.033 2019

cash on hand 8.9M.... admin expenses up 16.3M 2020 vs 11.8M 2019 (im sure there's a good reason why..)

really impressed , was expecting less ....BRAVO ...GOOD JOB RBX

Now let's get this thing rolling and move up and on ....

regards stud
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