Robex Resources (RBX) AI Stock Analysis

• Market Cap: C$1.42B
• Dividend Yield: N/A
• Average Volume (3M): 76.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.05
• Revenue Growth: 29.47%
• EPS Growth: 1.53%
• Country: CA
• Employees: 502
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.08
• Shares Outstanding: 252,172,800
• 10 Day Avg. Volume: 88,046
• 30 Day Avg. Volume: 76,556
• PEG Ratio: -0.95
• Price to Book (P/B): 1.25
• Price to Sales (P/S): 2.01
• P/FCF Ratio: -9.28
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: C$5.50 ▲(13.87% Upside)

Robex Resources' overall stock score is primarily influenced by its mixed financial performance and technical analysis. The company faces significant profitability and cash flow challenges, which are critical concerns. However, the technical indicators suggest some positive short-term momentum. The valuation is a concern due to the negative P/E ratio and lack of dividend yield, which lowers its attractiveness. The absence of earnings call and corporate events data means these factors did not influence the score.

Positive Factors

Low leverage / strong capital structure

A very low debt-to-equity ratio and strong equity base give Robex structural financial flexibility. This conservatism reduces default and refinancing risk during commodity cycles, supports funding for sustaining capex or project development, and improves resilience over the medium term.

High gross profit margin

A gross margin near 47% indicates efficient extraction and processing economics at the mine level. Structural cost efficiency at production provides a durable buffer against lower gold prices, allowing management to focus on improving overheads and recovering operating margins over multiple quarters.

Improving free cash flow metrics

Although total FCF is negative, strong FCF growth and FCF covering net losses show improving cash conversion. If this trend continues, it indicates a credible pathway to positive cash generation, reducing dependency on external financing and supporting medium-term operational stability.

Negative Factors

Negative profitability and ROE

Sustained negative margins and a materially negative ROE indicate the company is not generating shareholder returns. Persistent unprofitability will erode equity, increase need for capital raises or cost restructuring, and limit the firm's ability to reinvest in projects or deliver long-term value.

Large negative free cash flow & cash conversion issues

A very large trailing negative FCF and negative operating cash flow to net income ratio signal liquidity and cash conversion problems. Over months, this constrains capital allocation, raises refinancing risk, and could force asset sales, project delays, or equity issuance to sustain operations.

Operational and geopolitical concentration risk (Nampala, Mali)

Revenue concentration in a single asset and a single country exposes Robex to operational, permitting and security shocks. Geopolitical or local disruptions in Mali would materially affect production and cash flows, limiting diversification and increasing systemic business risk over the medium term.

Robex Resources Business Overview & Revenue Model

Company Description

Robex 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 Money

Robex 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

Robex Resources shows positive revenue growth but struggles with profitability and cash flow management. The balance sheet is stable with moderate leverage, but negative return on equity and cash flow issues are significant risks.

Income Statement

Robex Resources has shown a positive revenue growth rate of 12.33% in the TTM period, indicating a potential upward trajectory in sales. However, the company is struggling with profitability, as evidenced by a negative net profit margin of -7.13% and a declining EBIT margin. The gross profit margin remains relatively stable, but the negative net income highlights ongoing challenges in cost management and profitability.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio of 0.15, suggesting a conservative approach to leverage. However, the return on equity is negative, indicating inefficiencies in generating returns on shareholder investments. The equity ratio is not explicitly calculated, but the balance sheet shows a solid equity base relative to total assets.

Cash Flow

Robex Resources faces significant challenges in cash flow management, with a negative free cash flow and a high free cash flow growth rate due to worsening cash outflows. The operating cash flow to net income ratio is low, indicating difficulties in converting earnings into cash. The free cash flow to net income ratio is also negative, highlighting cash flow constraints.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	197.71M	158.39M	134.67M	112.24M	103.89M	120.83M
Gross Profit	94.92M	72.88M	68.88M	62.41M	54.54M	65.45M
EBITDA	-9.24M	88.05M	65.32M	53.97M	49.23M	69.64M
Net Income	-85.90M	-11.58M	-6.64M	30.78M	15.89M	44.61M
Balance Sheet
Total Assets	784.92M	399.86M	266.99M	251.76M	142.67M	116.77M
Cash, Cash Equivalents and Short-Term Investments	192.65M	41.44M	12.22M	3.61M	20.72M	8.90M
Total Debt	27.77M	35.66M	58.85M	25.28M	11.44M	7.89M
Total Liabilities	351.24M	147.42M	82.92M	55.21M	44.02M	25.53M
Stockholders Equity	433.25M	254.74M	183.69M	193.19M	97.42M	90.14M
Cash Flow
Free Cash Flow	-251.94M	-34.30M	-7.37M	-5.28M	8.71M	34.38M
Operating Cash Flow	37.88M	46.89M	53.27M	29.82M	43.92M	63.47M
Investing Cash Flow	-289.42M	-112.27M	-76.73M	-47.69M	-34.87M	-30.20M
Financing Cash Flow	276.63M	92.22M	35.20M	733.51K	4.18M	-39.74M

Robex Resources Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:RBX, the sentiment is Positive. The current price of 4.83 is below the 20-day moving average (MA) of 5.03, above the 50-day MA of 4.68, and above the 200-day MA of 3.75, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 68.83 is Neutral, neither overbought nor oversold. The STOCH value of 76.65 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:RBX.

Robex Resources Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ORE	77 Outperform	C$1.21B	10.51	22.92%	―	34.05%	80.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RIO	61 Neutral	C$1.45B	347.42	3.01%	―	―	―
ATX	56 Neutral	C$1.21B	-13.36	-458.89%	―	―	-66.50%
NFG	56 Neutral	$1.41B	-19.24	-50.06%	―	―	28.06%
RBX	51 Neutral	C$1.42B	-12.15	-25.39%	―	29.47%	1.53%
ODV	49 Neutral	$1.25B	-3.17	-46.07%	―	-1.73%	37.26%

Robex Resources Corporate Events

Robex Shareholders Back Predictive Discovery Merger to Forge West African Gold Producer

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.

Robex Pours First Gold at Kiniéro as It Builds West African Gold Hub

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.

Robex Resources Amends Acquisition Agreement with Predictive Discovery

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.

Robex Resources Advances Kiniéro Gold Project with First Ore Delivery

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.

Robex Resources Amends Merger Agreement with Predictive Discovery to Form Leading West African Gold Producer

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.

Robex Resources Evaluates Superior Proposal from Perseus Mining

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.

Robex Resources Proposes Strategic Arrangement with Predictive Discovery

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.

Robex Resources Advances Kiniero Project and Announces Merger

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.

Robex Resources’ Kiniero Gold Project on Track for First Gold by Q4 2025

Robex Resources Inc announced that its Kiniero Gold Project in Guinea is on track and within budget to achieve its first gold pour by the fourth quarter of 2025. The project has maintained a strong safety record with no lost time injuries and has progressed significantly in construction and development activities, including the commencement of mining operations and nearing completion of major components of the process plant. The company is poised for a successful commissioning phase and subsequent ramp-up to full production, which is expected to enhance its market position and operational capabilities.

The most recent analyst rating on (TSE:RBX) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Robex Resources stock, see the TSE:RBX Stock Forecast page.