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Robex Resources Inc (TSE:RBX)
:RBX

Robex Resources (RBX) AI Stock Analysis

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TSE:RBX

Robex Resources

(RBX)

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Neutral 52 (OpenAI - 5.2)
Rating:52Neutral
Price Target:
C$6.50
▲(34.58% Upside)
Overall score reflects weak financial performance (loss-making with significant negative free cash flow) tempered by a stable balance sheet (low leverage) and strong recent technical trend; valuation is constrained by negative earnings and no dividend data.
Positive Factors
Low leverage and strong equity base
A very low debt-to-equity ratio and a >55% equity base give Robex durable financial flexibility for capital-intensive mine operations. Conservative leverage reduces refinancing and solvency risk, supporting project development and operations over the next 2-6 months.
High gross profit margin
A gross margin near 47% indicates strong mineral extraction economics and relatively efficient production. This structural cost advantage helps preserve cash margins through metal-price cycles and underpins long-term viability of core mining operations and project economics.
Established producing asset (Nampala mine)
Owning and operating the Nampala producing mine provides recurring production and a tangible asset base. A producing operation offers steady revenue potential and operational learning that supports further project development and regional expansion over multiple quarters.
Negative Factors
Very large negative free cash flow
Substantial negative free cash flow is a structural concern for a miner: it erodes liquidity, forces reliance on external financing, and limits reinvestment in operations or expansion. Persistent FCF deficits raise execution and funding risk across the next several quarters.
Sustained unprofitability and negative ROE
Material negative profitability metrics and a negative ROE reflect inability to generate shareholder returns from current operations. Continued losses impair retained capital, constrain strategic options, and heighten pressure on management to restore profitable operations over the medium term.
Inefficient cash conversion from earnings
A negative operating cash flow to net income ratio signals that reported earnings do not translate into cash. This structural inefficiency increases reliance on financing, weakens resilience to commodity volatility, and can delay project funding or sustainment without external capital.

Robex Resources (RBX) vs. iShares MSCI Canada ETF (EWC)

Robex Resources Business Overview & Revenue Model

Company DescriptionRobex Resources (RBX) is a Canadian mining company focused on the exploration and production of gold in Mali, West Africa. The company primarily operates the Nampala gold mine and is engaged in the development of additional mining projects within the region. With a commitment to sustainable mining practices, Robex Resources aims to enhance its operational efficiency while contributing positively to the local economy and environment.
How the Company Makes MoneyRobex Resources generates revenue through the extraction and sale of gold from its mining operations, particularly from the Nampala gold mine, which is a significant contributor to its earnings. The company's revenue model is primarily based on the volume of gold produced and sold in the global market, with prices influenced by international gold prices. Additionally, Robex may engage in strategic partnerships with other mining firms or investors to enhance its operational capabilities and expand its resource base, further contributing to potential earnings. Factors such as operational efficiency, cost management, and market demand for gold play crucial roles in the company's revenue generation.

Robex Resources Financial Statement Overview

Summary
Mixed fundamentals: modest revenue growth (+4.41%) and a low debt-to-equity ratio (0.06) support stability, but profitability is weak (net margin -25.26%, EBIT margin -10.97%, negative ROE -17.40%) and free cash flow is significantly negative (-$251.94M), indicating meaningful execution and liquidity pressure.
Income Statement
45
Neutral
Robex Resources shows a mixed performance in its income statement. The TTM (Trailing-Twelve-Months) data indicates a slight revenue growth of 4.41%, but the company is struggling with profitability, as evidenced by a negative net profit margin of -25.26% and a negative EBIT margin of -10.97%. The gross profit margin remains relatively stable at 46.81%, suggesting some efficiency in production. However, the negative EBITDA margin of 9.77% highlights operational challenges. Overall, the income statement reflects moderate revenue growth but significant profitability issues.
Balance Sheet
60
Neutral
The balance sheet of Robex Resources is relatively stable with a low debt-to-equity ratio of 0.06, indicating conservative leverage. The equity ratio stands at 55.18%, suggesting a strong equity base. However, the return on equity is negative at -17.40%, reflecting the company's struggle to generate returns for shareholders. While the company maintains a solid capital structure, the negative ROE is a concern for long-term profitability.
Cash Flow
40
Negative
Robex Resources faces challenges in its cash flow management. The TTM data shows a significant negative free cash flow of -$251.94 million, although there is a notable improvement in free cash flow growth at 51.49%. The operating cash flow to net income ratio is negative, indicating inefficiencies in converting income into cash. The free cash flow to net income ratio is positive at 111.01%, suggesting some ability to cover net losses with free cash flow. Overall, the cash flow statement highlights liquidity issues despite some improvement in free cash flow growth.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue197.71M158.39M134.67M112.24M103.89M120.83M
Gross Profit94.92M72.88M68.88M62.41M54.54M65.45M
EBITDA-9.24M88.05M65.32M53.97M49.23M69.64M
Net Income-85.90M-11.58M-6.64M30.78M15.89M44.61M
Balance Sheet
Total Assets784.92M399.86M266.99M251.76M142.67M116.77M
Cash, Cash Equivalents and Short-Term Investments192.65M41.44M12.22M3.61M20.72M8.90M
Total Debt27.77M35.66M58.85M25.28M11.44M7.89M
Total Liabilities351.24M147.42M82.92M55.21M44.02M25.53M
Stockholders Equity433.25M254.74M183.69M193.19M97.42M90.14M
Cash Flow
Free Cash Flow-251.94M-34.30M-7.37M-5.28M8.71M34.38M
Operating Cash Flow37.88M46.89M53.27M29.82M43.92M63.47M
Investing Cash Flow-289.42M-112.27M-76.73M-47.69M-34.87M-30.20M
Financing Cash Flow276.63M92.22M35.20M733.51K4.18M-39.74M

Robex Resources Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price4.83
Price Trends
50DMA
5.26
Positive
100DMA
4.73
Positive
200DMA
4.00
Positive
Market Momentum
MACD
0.31
Positive
RSI
51.19
Neutral
STOCH
54.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RBX, the sentiment is Neutral. The current price of 4.83 is below the 20-day moving average (MA) of 6.00, below the 50-day MA of 5.26, and above the 200-day MA of 4.00, indicating a neutral trend. The MACD of 0.31 indicates Positive momentum. The RSI at 51.19 is Neutral, neither overbought nor oversold. The STOCH value of 54.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:RBX.

Robex Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
C$1.50B12.9522.92%34.05%80.47%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
59
Neutral
C$1.40B335.053.01%
56
Neutral
$1.26B-17.17-50.06%28.06%
53
Neutral
C$1.35B-14.98-458.89%-66.50%
52
Neutral
C$1.48B-12.70-25.39%29.47%1.53%
49
Neutral
C$1.17B-2.96-46.07%-1.73%37.26%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:RBX
Robex Resources
5.87
3.52
149.79%
TSE:ATX
ATEX Resources Inc
3.90
1.98
103.13%
TSE:ORE
Orezone Gold
2.50
1.77
242.47%
TSE:RIO
Rio2
3.25
2.55
364.29%
TSE:ODV
Osisko Development
4.59
2.39
108.64%
TSE:NFG
New Found Gold
3.73
1.29
52.87%

Robex Resources Corporate Events

Business Operations and StrategyM&A TransactionsShareholder Meetings
Robex Secures Final Court Approval for Merger with Predictive Discovery
Positive
Jan 13, 2026

Robex Resources has obtained a final order from the Québec Superior Court approving its planned merger with Predictive Discovery Limited, a deal under which a Predictive subsidiary will acquire all outstanding Robex shares via a statutory plan of arrangement. The transaction, which received overwhelming support from Robex shareholders at a special meeting on 30 December 2025, is now pending final consents from the governments of Guinea and Mali and other customary closing conditions, with completion targeted for the first quarter of 2026, positioning the combined group to consolidate its presence in West African gold mining once finalized.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Business Operations and StrategyM&A TransactionsShareholder Meetings
Robex Shareholders Back Predictive Discovery Merger to Forge West African Gold Producer
Positive
Dec 30, 2025

Robex Resources’ shareholders have overwhelmingly approved the company’s merger with Predictive Discovery Limited, with 94.54% of votes cast in favour of a statutory plan of arrangement under which Predictive will acquire all Robex shares. Subject to court, TSX Venture Exchange and regulatory approvals, the deal is expected to close in the first quarter of 2026, with Robex shareholders to receive 7.862 Predictive shares for each Robex share and hold about 46.5% of the enlarged group. The combined company will unite Robex’s Kiniero project and existing Nampala cash flow with Predictive’s Bankan project in Guinea, targeting more than 400,000 ounces of annual gold production by 2029, operational synergies from a clustered asset base, a stronger market profile potentially supporting index inclusion, and an experienced management team, positioning the group as a leading West African gold producer.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Business Operations and StrategyM&A Transactions
Robex Pours First Gold at Kiniéro as It Builds West African Gold Hub
Positive
Dec 21, 2025

Robex Resources has poured first gold on schedule and within budget at its Kiniéro Gold Project in Guinea, marking the completion of a 17‑month construction phase that logged nearly 5 million work hours without a lost time injury and confirming plant recoveries in line with feasibility expectations. The mine’s ramp-up is progressing smoothly, with open‑pit mining underway at the South Sabali starter pit, commercial production targeted for early 2026, and Kiniéro becoming Robex’s second producing asset alongside Nampala; combined with an exclusive option to buy back the Mansounia royalties and the planned merger with Predictive Discovery, the company is positioning itself as a leading West African gold producer with the potential to build a 400,000‑ounce‑per‑year regional mining hub in Guinea.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

M&A TransactionsShareholder Meetings
Robex Resources Amends Acquisition Agreement with Predictive Discovery
Neutral
Dec 13, 2025

Robex Resources Inc. has filed an addendum to its management information circular to provide details about an amended arrangement agreement with Predictive Discovery Limited. This agreement involves the acquisition of all Robex’s common shares by a wholly-owned subsidiary of Predictive. The board of Robex has recommended shareholders vote in favor of the arrangement, considering it financially fair and in the company’s best interests. The special meeting for shareholders to vote on this transaction has been postponed to December 30, 2025, allowing additional time for proxy submissions.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Robex Resources Advances Kiniéro Gold Project with First Ore Delivery
Positive
Dec 12, 2025

Robex Resources Inc. has successfully delivered the first ore to its Kiniéro mill in Guinea, marking a significant milestone in the commissioning of its processing plant. The project is progressing as planned, with the first gold pour expected in December 2025 and a ramp-up to commercial production targeted for the first quarter of 2026. This advancement is a crucial step towards Robex’s goal of becoming a mid-tier gold producer in West Africa, enhancing its industry positioning and offering promising implications for stakeholders.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Business Operations and StrategyM&A Transactions
Robex Resources Amends Merger Agreement with Predictive Discovery to Form Leading West African Gold Producer
Positive
Dec 11, 2025

Robex Resources Inc. has announced an amendment to its arrangement agreement with Predictive Discovery Limited, resulting in Robex shareholders receiving 7.862 Predictive shares for each Robex share. This merger aims to create one of West Africa’s leading gold producers by combining two large, low-cost, and advanced projects with significant growth potential. The transaction is expected to be accretive to shareholders, offering increased scale, asset diversification, and potential index inclusion. The merger has received strong support from major shareholders, and the combined company is poised to deliver substantial returns and establish a tier-1 gold mining hub in Guinea.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

M&A Transactions
Robex Resources Evaluates Superior Proposal from Perseus Mining
Neutral
Dec 3, 2025

Robex Resources Inc., a company involved in the mining industry, has received a superior proposal from Perseus Mining Limited through Predictive Discovery Limited, which affects the existing arrangement agreement between Robex and PDI. Robex now has a five-day period to consider matching or surpassing this proposal. The board is evaluating its options and remains focused on the best interests of its shareholders, with no immediate action required from them.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$5.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Business Operations and StrategyM&A TransactionsShareholder Meetings
Robex Resources Proposes Strategic Arrangement with Predictive Discovery
Positive
Nov 14, 2025

Robex Resources Inc. has filed a management information circular for a special meeting of shareholders to consider a plan of arrangement with Predictive Discovery Limited. The arrangement will result in Robex becoming an indirect wholly owned subsidiary of Predictive, with shareholders receiving Predictive shares in exchange for their Robex shares. The board of directors recommends voting in favor of the arrangement, which is seen as a strategic move to enhance the company’s position as a leading gold producer in West Africa.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Robex Resources Advances Kiniero Project and Announces Merger
Positive
Oct 31, 2025

Robex Resources Inc. reported significant progress in the September 2025 quarter, including a merger with Predictive Discovery to form a stronger mid-tier West African gold producer. The company accelerated the expiry of its 2024 warrants, raising C$148.2M, and amended its senior facility with Sprott to unlock US$90 million for the Kiniero Gold Project. Mining operations have commenced at Kiniero, with construction on track for the first gold pour in Q4 2025. The Nampala Gold Mine in Mali continues to operate efficiently, producing 9,774 ounces of gold in the quarter.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 28, 2026