Estimated results for 2020-Q4
Considerations: Installation of a larger reject pipe, gradual return to the average gold grade, gradual return to the average recovery rate;
Quantity of ounces of gold produced: 15,000;
Gold content:, 93 gram / ton;
Recovery rate: 88.9%;
EBITDA: $ 24,270,000.
Estimated results for 2021-Q1
Considerations: Final return to average gold grade, final return to average recovery rate;
Quantity of ounces of gold produced: 14,000;
Gold content: 1 gram / ton;
Recovery rate: 89.4%;
EBITDA: $ 20,213,000.
Cash position as of March 31, 2021: $ 50,000,000.
Events expected in 2021
Dividends of 6 to 8 cents, with no anticipation of an increase in the price of gold;
New mineral resources and new mineral reserves for the south and west areas of Nampala;
Progress in the level of knowledge of the geological structure of the eastern zone;
Progress of the drilling program for the 3 zones north of Nampala;
Overall increase in mineral reserves beyond 10 years;
Renewal of an ambitious drilling budget;
Good hopes for an announcement of a drilling program for the Mininko and Kamasso permits;
Likely increase in production capacity;
Good hope for an acquisition or a partnership in 2021.
In summary
For a fifth consecutive year, both gold production results and revenues and profits will be on the rise. Given the excellent financial results, Robex can now consider developing by other means, such as an acquisition or by any other form of participation in a project.
GLTA, longs