(Ecofin Agency) - Nampala, Robex Resources’ only producing gold mine in Mali, has delivered 51,827 ounces in 2023. However, the mine’s output dropped in 2024, contrasting with a 30% surge in global prices the same year.

Robex Resources released its 2024 financial results on Monday, March 31, 2025. According to the document, the Canadian firm earned 17.6% more from its gold sales at the Nampala mine in Mali; revenues reached CAD 158.4 million ($110 million) while sales volume and output slumped by 5.2% and 9.9%, respectively, year-on-year.

Last year, Robex sold 48,564 ounces of gold from Nampala, against 51,205 ounces the year before. However, the Canadian firm achieved an average price per ounce sold that was 24% higher than in 2023, offsetting the lower sales volume. Gold prices continued climbing globally, surpassing $3,000 per ounce in March 2025, with analysts predicting further increases.

Bolstered by the global price surge, Robex plans to boost its output in 2025, eyeing between 46,000 and 48,000 ounces of gold. Nampala has, however, reached the end of its life; its operating period was extended by six months to December 31, 2026.

This article was initially published in French by Emiliano Tossou

Edited in English by Ola Schad Akinocho