RE:Bankruptcies!!! No way,
On the one hand, the closure of Nampala is being considered. On the other hand, Kiniero will probably start with a higher production capacity. This is not bad news, nor is it good news, but an economic decision.
It appears that allocating capital to Kiniero, rather than Nampala, is more profitable. For example, $10,000,000 invested today in Kiniero, rather than in Nampala, will give a greater economic return at maturity. The result of this arbitration is the consequence of the incomparable quality of the Kiniero project, and a set of privileges offered by the Guinean state.
That said, Robex is putting pressure on the Mali authorities to benefit from better tax advantages in order to improve Nampala's economic performance. Otherwise, capital will be invested where it will yield the most, on Kiniero. In the meantime, Nampala will continue to be exploited without additional investment, until the resources determined to date are exhausted.
This can be insecure, but it remains an arbitration essentially based on the efficiency of the capital invested.
To conclude, Kiniero is a big project, much bigger than Nampala. That said, it is a context which militates in favor of a merger of activities, with a player capable of accelerating development, with a view to extracting more gold, more quickly.