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The latest update is out from Robex Resources ( (TSE:RBX) ).
Robex Resources reported a strong first quarter of calendar 2026 as its Kiniero Gold Mine in Guinea continued to ramp up following the start of commercial production in February. Kiniero milled 1.6 million tonnes of ore at an average grade of 0.85 grams per tonne to produce 39,367 ounces of gold, pouring 38,178 ounces and selling or provisionally selling 32,306 ounces at an average realized price of US$4,804 per ounce.
The company’s Nampala Gold Mine in Mali contributed additional output, milling 0.5 million tonnes of ore at 0.70 grams per tonne to produce 10,000 ounces, with 9,493 ounces sold or provisionally sold at an average price of US$4,797 per ounce. Robex’s cash and bullion position rose to US$255 million by 31 March 2026, underpinned by a further 3,288 ounces shipped in early April, highlighting improved liquidity and reinforcing the company’s financial footing as it advances operations and prepares a fuller quarterly operational and exploration update.
The most recent analyst rating on (TSE:RBX) stock is a Sell with a C$6.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.
Spark’s Take on RBX Stock
According to Spark, TipRanks’ AI Analyst, RBX is a Neutral.
The score is held down primarily by weak earnings quality and extremely negative free cash flow, despite strong revenue growth and a conservative balance sheet. Technicals also remain bearish (below key moving averages with negative MACD), while valuation signals are constrained by loss-making earnings and no stated dividend support.
To see Spark’s full report on RBX stock, click here.
More about Robex Resources
Robex Resources Inc. is a gold mining company operating the Kiniero Gold Mine in Guinea and the Nampala Gold Mine in Mali. The company focuses on open‑pit gold production in West Africa, with output sold into the international bullion market and performance closely tied to realized gold prices and operational ramp‑up at its flagship Kiniero project.
Average Trading Volume: 121,767
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.61B
Learn more about RBX stock on TipRanks’ Stock Analysis page.