• Mine targets 155,000 ounces output in 2026

• Guinea holds 15% stake, receives 5.5% royalty

Canadian mining company Robex Resources began commercial production at its new Kiniero gold mine in Guinea, the company said on Thursday, marking the start of gold sales from the site about two months after initial output began.

Kiniero, developed at an estimated cost of $243 million, poured its first gold in late December 2025. As operations ramp up, Robex expects the mine to produce 155,000 ounces of gold this year, making it the company’s second operating asset in West Africa after Nampala in Mali.

Robex said it has produced about 10,900 ounces of gold at Kiniero to date and shipped its first commercial gold on Wednesday. The company reported gold inventory of approximately 197 kilograms, or 6,336 ounces. At current market prices, the shipment would be worth roughly $13 million.

“The delivery of our first commercial gold shipment marks a major milestone for Robex and reflects the successful ramp-up of operations at Kiniero,” Chief Executive Matthew Wilcox said. “The performance of both the processing plant and the operating team has been strong as we transition into commercial production.”

The project provides Guinea with an additional source of revenue. The state holds a 15% stake in Kiniero, while Robex owns the remaining 85%, and is entitled to a 5.5% royalty on the mine’s commercial revenues.

Guinea is also home to the Bankan gold project, currently under development. Bankan is expected to be integrated with Kiniero into a single portfolio as its operator, Predictive Discovery, and Robex pursue a merger valued at $1.5 billion.

Aurel Sèdjro Houenou