(Ecofin Agency) - Robex Resources secured a $130 million credit facility in March 2025 to fund the completion of its Kiniero gold mine in Guinea. The mine promises to produce 34 tonnes of gold over nine years.

Robex plans to invest between C$245 million and C$265 million ($171 million to $185 million) this year to finalize construction works and begin gold production at its Kiniero gold mine in Guinea. The Canadian company revealed this in its 2024 financial statement and 2025 forecast.

The company allocated C$210-225 million for construction and reserved C$35-40 million for pre-production activities. While it did not disclose its full financing strategy for the project, Robex confirmed the $130 million credit facility it secured in March. The deal was made with Sprott Resource Lending. 

Once operational, Kiniero will elevate Robex to a multi-asset gold producer, complementing its existing Nampala mine in Mali. According to a feasibility study published in January 2025, Kiniero will yield an average of 139,000 ounces annually over nine years, more than three times what Nampala produced in 2024–46,715 ounces–and at least 46,000 ounces this year. This expansion aligns with surging gold prices, which climbed 30% in 2024 and exceeded $3,000 per ounce in early 2025.

Robex delayed Kiniero’s commissioning from 2024 to 2025. The project was first abandoned by Semafo in 2014 and later reassigned by the government. Kiniero could help Guinea significantly boost its industrial gold production.

This article was initially published in French by Emiliano Tossou

Edited in English by Ola Schad Akinocho