Robex Announces Its Results for the Second Quarter of Fiscal Year
2023
Robex Resources Inc. (“Robex” or the “Company”) (TSXV: RBX) today
presents its operational and financial results for the second
quarter ended June 30, 2023.
Aurélien Bonneviot, Chief Executive Officer of
Robex, said, “In the first six-month period of 2023, development of
the Kiniero project accelerated in preparation for the construction
of the future mine in Guinea and the continued setting up of its
financing. Production at the Nampala mine meets management’s
expectations. The bridge loan set up with Taurus and the completed
feasibility study reveal that progress has been made in the Kiniero
project’s development. The Company continues to implement a
sustainable and inclusive growth strategy that is supported by a
prudent and balanced financial approach.”1
Unless indicated otherwise, all amounts and
financial data in this press release are in Canadian dollars
(CAD).
HIGHLIGHT SUMMARY FOR THE SECOND QUARTER
OF FISCAL YEAR 2023 COMPARED TO THE SECOND QUARTER OF
2022
Nampala Mine Operations
-
Gold production reached 12,410 ounces in the second quarter of
2023, compared to 12,185 ounces for the same period in 2022, and
this despite the lower grade of the ore processed at the Nampala
plant. This slight 1.8% increase in gold production was achieved
thanks to the 6.6% rise in tonnage processed and allowed the
Company to increase the quantity of gold sold by 0.8%, or 11,069
ounces, compared to 10,981 ounces for the same period in 2022.
-
A total of 2,424,197 tons of material was mined from the pits,
namely 1,652,116 tons of waste and 772,081 tons of ore,
corresponding to an operational stripping ratio of 2.1. For the
same period in 2022, 3,252,074 tons of material was mined, namely
2,608,623 tons of waste and 643,451 tons of ore, corresponding to
an operational stripping ratio of 4.1. A 20.0% increase in the ore
mined and a 36.7% drop in waste helped improve our stripping
ratio.
-
The lower all-inclusive sustaining cost,2 which stood at $1,287 per
ounce of gold sold in the second quarter of 2023 compared to $1,540
per ounce of gold sold for the same period in 2022, can be
explained by the reduced quantities of waste mined and the
resulting lower stripping costs of $2,118,749 included within the
maintenance capital expenditures, which were partially offset by
the $975,578 rise in mining operation expenses.
Financial
-
Revenues from gold sales rose 10.6% to $29,149,761 in the second
quarter of 2023 compared to $26,359,252 in the second quarter
of 2022, due to a rise in the average realized selling price per
ounce of gold sold.
- The average market price for gold
in the second quarter of 2023 was $2,654 per ounce compared to
$2,393 per ounce for the same period in 2022, representing a $261
increase, or 10.9%.
-
The operating income reached $7,112,609 in the second quarter of
2023 compared to $11,497,491 in the second quarter of 2022, which
represents a 38.1% drop. This lower income can be explained by the
85.2% increase in administrative costs of supporting Robex’s growth
following the acquisition of the Sycamore Group.
-
The net income attributable to common shareholders in the second
quarter of 2023, $4,587,314, is lower than it was for the same
period in 2022, namely $7,818,034, which represents a 41.3%
drop.
-
In the second quarter of 2023, operating activities generated
adjusted positive cash flows3 of $7,576,628 compared to $12,176,285
in the second quarter of 2022. This $4,599,657 drop can be
explained as follows:
-
$3,324,864 drop in net income
-
$2,427,735 rise in depreciation of property
-
$1,380,827 drop in deferred income tax expenses
-
$1,107,195 increase in VATs receivable over the long term
-
$525,624 of unrealized foreign exchange gains
-
$1,034,341 drop in mining operation expenses relating to lease
liability
-
$304,197 rise in the amount of interest paid
-
The net debt4 stood at $36,361,085 for the period ended June 30,
2023, a 67.8% increase compared to $21,673,490 as at December 31,
2022. This can be explained by the bridge loan set up with Taurus,
$24,042,854 of which had been drawn down as at June 30, 2023.
Repayment of the lines of credit dropped from $11,370,939 on
December 31, 2022, to $4,741,952 on June 30, 2023, which limited
the net debt’s increase for that period.
Corporate
-
Liquidity of Nampala: On April 4, 2023, Robex
renegotiated the terms of one of its authorized lines of credit
with a Malian bank, the maximum amount of which credit now stands
at $4,408,219 (2,000,000,000 CFA francs). This line of credit bears
interest at an annual rate of 8% and will mature on April 3,
2024.
-
Establishment of financing for the Kiniero mine:
In the second quarter of 2023, management pursued its efforts to
accelerate the development of its gold project in Guinea so as to
pave the way for construction of the future Kiniero mine, and it
completed the set up of a US$35 million bridge loan with Taurus.
-
On April 20, 2023, Robex announced that all conditions
precedent to the closing of the bridge loan had been satisfied, and
that a first drawdown request had been submitted.
-
In the second quarter of 2023, the Company received $25,986,299 in
drawdowns under the bridge loan, less $1,697,132 in financing
costs.
-
Bear in mind that this funding package totals US$115 million
destined for the development of the Kiniero Gold project in Guinea.
Management is currently finalizing an agreement with Taurus Mining
Finance Fund No.2 L.P. that will provide project financing of up to
US$100 million to cover repayment of the bridge loan and the
financing of capital development and working capital costs.
- Continued construction of
Kiniero: Robex conducted and published the Feasibility
Study on June 14, 2023, in accordance with Regulation 43-101
respecting standards of disclosure for mineral projects.
- Share capital
consolidation: On April 28, 2023, the Company announced
that its board of directors had approved (i) a 10-for-1
consolidation of shares (subject to (A) approval by the Company's
shareholders at the Company's next annual and special meeting of
shareholders held on June 29, 2023 and (B) approval of the TSX
Venture Exchange) and (ii) an amended and restated stock option
plan (subject to approval by the TSX Venture Exchange). The
amendments to the stock option plan have the effect of increasing
the total number of common shares issuable under the plan and
adding housekeeping amendments to reflect changes to TSX Venture
Exchange Policy 4.4 – Security Based Compensation. On May 15, 2023
and June 29, 2023, the conditional approvals of the TSX
Venture Exchange and the shareholders of the Company, respectively,
were obtained. To date, the 10-for-1 consolidation of shares has
not come into effect.
PRODUCTION SUMMARY AND FINANCIAL RESULTS
FOR THE SECOND QUARTER OF FISCAL YEAR 2023
|
Quarters
ended June 30 |
|
2023 |
2022 |
Change |
Gold ounces produced |
12,410 |
12,185 |
1.8 |
% |
Gold ounces sold |
11,069 |
10,981 |
0.8 |
% |
|
$ |
$ |
|
Revenues – gold sales |
29,149,761 |
26,359,252 |
10.6 |
% |
MINING RESULTS |
15,137,809 |
15,690,904 |
-3.5 |
% |
OPERATING INCOME |
7,112,609 |
11,497,491 |
-38.1 |
% |
NET INCOME |
4,989,239 |
8,314,103 |
-40.0 |
% |
ATTRIBUTABLE TO COMMON SHAREHOLDERS: |
|
|
|
Net income |
4,587,314 |
7,818,034 |
-41.3 |
% |
Basic earnings per share |
0.005 |
0.013 |
-61.5 |
% |
Diluted earnings per share |
0.005 |
0.013 |
-61.5 |
% |
CASH FLOWS |
|
|
|
Adjusted cash flows from operating activities(1) |
7,576,628 |
12,176,285 |
-37.8 |
% |
Adjusted cash flows from operating activities per share(1) |
0.008 |
0.020 |
-58.5 |
% |
|
|
|
|
|
As at June 30, 2023 |
As at December 31, 2022 |
Change |
TOTAL ASSETS |
285,149,906 |
251,761,308 |
13.3 |
% |
TOTAL LIABILITIES |
80,749,952 |
55,206,985 |
46.3 |
% |
NET DEBT(1) |
36,361,085 |
21,673,490 |
67.8 |
% |
STATISTICS |
|
|
|
All-in sustaining cost (per ounce of gold
sold)(1) |
1,287 |
1,540 |
-16.4 |
% |
(1) Non-IFRS financial measure, non-IFRS ratio
or supplementary financial measure. See the "Non-IFRS and Other
Financial Measures" section of this press release for a discussion
of these measures and their reconciliation to the most directly
comparable IFRS measure, as applicable.
EVENTS SUBSEQUENT TO JUNE 30,
2023
-
Bridge loan with Taurus: The Company received
US$10,911,471 and US$4,817,969 on July 7, 2023 and August 7, 2023,
respectively. To date, a maximum total amount of US$35 million has
been drawn down under the bridge loan.
-
Short-form base shelf prospectus: On July 20,
2023, the Company filed a short-form base shelf prospectus with the
securities commissions in each of the provinces and territories of
Canada. The prospectus is valid for a period of 25 months, during
which time the Company may issue common shares, preferred shares,
debt securities, warrants, subscription receipts, units, or a
combination of such securities (collectively, the “Securities”) for
an aggregate offering amount of up to $250 million. The Company
expects to use the proceeds of any specific offering and sale of
Securities to fund part of the capital costs required to develop
the Kiniero project until its construction is completed and/or to
pursue merger and acquisition opportunities, if and when they
arise.
OUTLOOK AND STRATEGY FOR
2023
The Group’s objectives for fiscal year 2023 are
as follows:
-
Kiniero project funding: Management is currently
finalizing an agreement with Taurus Mining Finance Fund No.2 L.P.
that will provide project financing of up to US$100 million to
cover repayment of the bridge loan and financing of the capital
development and working capital costs.
-
Improvement of Nampala’s performance: Optimization
of the excavating activities at the Nampala mine allowed the
Company to continue improving the mine’s mining plan by preparing
for the rainy season. The objective is to maximize cash flow to
support the Group’s growth. Production is in line with the
forecasts set by management, which still expects to reach its
48,000-to-52,000-ounce objective, for an all-in sustaining cost
(per ounce of gold sold) of under $1500.
-
Exploration in Mali and Guinea: Exploration is
back at the core of the Group’s strategy to identify new targets
and new treatable reserves at the Nampala plant and the future
Kiniero plant.
-
Capital Market: Robex is striving to improve its
communications with investors and financial intermediaries in order
to support the stock’s appreciation and increase its short-term
liquidity.
-
Robex has confirmed its gold production forecasts for
2023 of between 48,000 and 52,000 ounces at an all-in
sustaining cost (per ounce of gold sold)5 of under $1500/oz.6
Detailed information
For a more detailed discussion of the Company’s
financial results, readers are strongly advised to consult Robex’s
Management’s discussion and analysis and its consolidated financial
statements for the second quarter ended June 30, 2023, which are
available on the Company's website in the Investors section at
robexgold.com.
Telephone conference
Robex will be holding a telephone conference to
discuss the results of the second quarter of fiscal year 2023
during a live webcast organized by Renmark Financial on Tuesday,
August 29, 2023, at 10:00 a.m., EDT – New York. Financial
analysts are welcome to ask questions during the conference. All
other stakeholders may attend but not speak at the conference. The
conference will be broadcast live at:
https://www.renmarkfinancial.com/events/second-quarter-2023-results-virtual-presentation-tsx-v-rbx-2023-08-29-100000.
About Robex Resources Inc.
Robex is a multi-jurisdictional West African
gold production and development company with near-term exploration
potential. The Company is dedicated to safe, diverse and
responsible operations in the countries in which it operates with a
goal to foster sustainable growth. The Company has been operating
the Nampala mine in Mali since 2017 and is advancing the Kiniero
Gold Project in Guinea.
For more information
ROBEX RESOURCES
INC. |
RENMARK FINANCIAL
COMMUNICATIONS INC. |
Aurélien Bonneviot, Chief Executive OfficerStanislas Prunier,
Investor Relations and Corporate Development |
Robert ThaemlitzAccount Manager |
|
|
+1 581 741-7421 |
+1 416 644-2020 or +1 212 812-7680 |
|
|
Email: investor@robexgold.com |
Email: rthaemlitz@renmarkfinancial.com |
www.robexgold.com |
www.renmarkfinancial.com |
NON-IFRS AND OTHER FINANCIAL
MEASURES
The Company’s financial results have been
prepared in accordance with the International Financial Reporting
Standards (the “IFRS”). However, the Company also presents the
following non-IFRS financial measures, non-IFRS financial ratios
and supplementary financial measures for which no definition exists
in the IFRS: adjusted net income attributable to shareholders, net
debt and adjusted cash flows from operating activities (non-IFRS
financial measures), adjusted net income attributable to
shareholders per share and adjusted cash flows from operating
activities per share (non-IFRS financial ratios), average realized
selling price (per gold ounce sold), all-in sustaining cost (per
gold ounce sold) and adjusted all-in sustaining cost (per gold
ounce sold) (supplementary financial measures). The Company
presents these measures as they may provide useful information to
help investors better evaluate the Company’s performance and its
ability to generate cash flows from its operations. Since the
non‐IFRS measures presented in this press release do not have
standardized meanings prescribed by IFRS, they may not be
comparable to similar measures presented by other companies.
Accordingly, they are intended to provide additional information to
investors and other stakeholders and should not be considered in
isolation or as a substitute for measures of performance prepared
in accordance with IFRS. These non-IFRS financial measures and
ratios, supplementary financial measures and non-financial
information are explained in greater detail below and in the
“Non-IFRS and Other Financial Measures” section of the MD&A for
the second quarter ended June 30, 2023 (which is incorporated
herein by reference) filed with the Canadian securities regulatory
authorities and available on SEDAR+ at www.sedarplus.com as well as
on Robex’s website (www.robexgold.com). The reconciliations and
calculations between the non-IFRS financial measures and the most
comparable IFRS measures are presented below in the “Reconciliation
and Calculation” section of this press release.
RECONCILIATION AND
CALCULATION
Calculation of the adjusted net income
attributable to shareholders and the adjusted net income
attributable to shareholders per share
|
|
|
|
|
Quarters ended June 30 |
|
|
|
Six-month periods ended June
30 |
|
|
|
|
2023 |
|
2022 |
|
2023 |
|
2022 |
|
(in dollars) |
|
|
|
|
Basic and diluted
net earnings attributable to common shareholders |
4,587,314 |
|
7,818,034 |
|
10,971,168 |
|
20,323,116 |
|
Foreign exchange
gain |
(262,636 |
) |
(133,370 |
) |
(748,153 |
) |
(244,757 |
) |
Changes in the
fair value of derivative liabilities |
(58,013 |
) |
0 |
|
(58,013 |
) |
--- |
|
Write-off of
property, plant and equipment |
8,933 |
|
21,534 |
|
8,933 |
|
21,534 |
|
Adjusted net income attributable to
common shareholders |
4,275,598 |
|
7,706,198 |
|
10,173,935 |
|
20,099,893 |
|
Basic weighted average number of shares outstanding |
899,859,635 |
|
600,157,696 |
|
899,717,066 |
|
600,018,821 |
|
Adjusted basic earnings per share (in
dollars) |
0.005 |
|
0.013 |
|
0.011 |
|
0.033 |
|
Calculation of net debt
|
|
|
|
|
As at June 30 |
|
As at December 31 |
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
|
|
$ |
|
$ |
|
Lines of credit |
|
|
4,741,952 |
|
11,370,939 |
|
Bridge loan |
|
|
24,042,854 |
|
--- |
|
Long-term debt |
|
|
439,646 |
|
1,395,215 |
|
Lease liabilities |
|
|
12,411,785 |
|
12,518,742 |
|
Less:
Cash |
|
|
(5,275,152 |
) |
(3,611,406 |
) |
NET DEBT |
|
|
36,361,085 |
|
21,673,490 |
|
|
|
|
|
|
As at June 30 |
|
As at December 31 |
|
|
|
|
|
|
2023 |
|
2022 |
|
|
|
|
|
|
$ |
|
$ |
|
TOTAL
LIABILITIES |
|
|
80,749,952 |
|
55,206,985 |
|
Less: |
|
|
|
|
|
Accounts
payable |
|
|
(24,725,350 |
) |
(17,957,004 |
) |
Warrants |
|
|
(2,299,700 |
) |
--- |
|
Environmental
liability |
|
|
(446,751 |
) |
(424,138 |
) |
Deferred tax
liability |
|
|
(10,188,683 |
) |
(10,106,230 |
) |
Other
long-term liabilities |
|
|
(1,453,232 |
) |
(1,434,717 |
) |
|
|
|
|
|
41,636,236 |
|
25,284,896 |
|
CURRENT ASSETS |
|
|
36,445,289 |
|
32,095,698 |
|
Less: |
|
|
|
|
|
Inventory |
|
|
(18,890,851 |
) |
(17,648,967 |
) |
Accounts
receivable |
|
|
(8,076,494 |
) |
(8,867,852 |
) |
Prepaid
expenses |
|
|
(1,085,508 |
) |
(805,914 |
) |
Deposits paid |
|
|
(1,273,050 |
) |
(1,161,559 |
) |
Deferred financing costs |
|
|
(1,844,234 |
) |
--- |
|
|
|
|
|
|
5,275,151 |
|
3,611,406 |
|
NET DEBT |
|
|
36,361,085 |
|
21,673,490 |
|
Calculation of the adjusted operating cash flows
and adjusted operating cash flows per share
|
|
|
|
Quarters ended June 30 |
Six-month periods ended June 30 |
|
|
|
|
2023 |
|
2022 |
2023 |
|
2022 |
(in dollars) |
|
|
|
|
|
Cash flows from
operating activities |
11,349,045 |
|
9,276,412 |
24,258,208 |
|
10,380,710 |
Net change in
non-cash working capital items |
(3,772,417 |
) |
2,899,873 |
(4,876,521 |
) |
18,276,294 |
Adjusted cash flows from operating activities |
7,576,628 |
|
12,176,285 |
19,381,687 |
|
28,657,004 |
Basic weighted
average number of shares outstanding |
899,859,635 |
|
600,157,696 |
899,717,066 |
|
600,018,821 |
Adjusted cash flows from operating activities per
share (in dollars) |
0.008 |
|
0.020 |
0.022 |
|
0.048 |
Calculation of the all-in sustaining cost
|
|
|
|
Quarters ended June 30 |
Six-month periods ended June 30 |
|
|
|
|
2023 |
2022 |
2023 |
2022 |
|
|
|
|
|
|
|
|
Ounces of
gold sold |
|
11,069 |
10,981 |
23,739 |
24,652 |
(in dollars) |
|
|
|
|
|
Mining
expenses |
|
8,306,313 |
7,424,883 |
19,559,341 |
16,358,984 |
Mining
royalties |
|
905,232 |
811,084 |
1,924,865 |
1,813,095 |
Total cash cost |
|
9,211,545 |
8,235,967 |
21,484,206 |
18,172,079 |
Maintenance capital expenditures |
5,034,145 |
8,699,674 |
11,415,871 |
14,671,193 |
All-in sustaining cost |
|
14,245,690 |
16,905,641 |
32,900,077 |
32,843,272 |
All-in sustaining cost (per ounce of gold
sold) |
1,287 |
1,540 |
1,386 |
1,332 |
CAUTION CONCERNING LIMITATIONS OF
SUMMARY RESULTS PRESS RELEASE
This summary results press release contains
limited information meant to assist the reader in assessing Robex’s
performance, but it is not a suitable source of information for
readers who are unfamiliar with Robex and is not in any way a
substitute for Robex’s financial statements, notes to the financial
statements, and MD&A.
FORWARD-LOOKING INFORMATION AND
FORWARD-LOOKING STATEMENTS
Neither TSX Venture Exchange nor its regulation
services provider (as that term is defined in the TSX Venture
Exchange policies) accept responsibility for the adequacy or
accuracy of this press release.
This press release contains “forward looking
information” or “forward-looking statements” within the meaning of
applicable Canadian securities legislation (“forward-looking
statements”). Forward-looking statements are included to provide
information about management’s current expectations and plans that
allows investors and others to have a better understanding of the
Company’s business plans and financial performance and
condition.
Statements made in this press release that
describe the Company’s or management’s estimates, expectations,
forecasts, objectives, predictions, projections of the future or
strategies may be “forward-looking statements”, and can be
identified by the use of the conditional or forward-looking
terminology such as “aim”, “anticipate”, “assume”, “believe”,
“can”, “contemplate”, “continue”, “could”, “estimate”, “expect”,
“forecast”, “future”, “guidance”, “guide”, “indication”, “intend”,
“intention”, “likely”, “may”, “might”, “objective”, “opportunity”,
“outlook”, “plan”, “potential”, “should”, “strategy”, “target”,
“will” or “would” or the negative thereof or other variations
thereon. Forward-looking statements also include any other
statements that do not refer to historical facts. Such statements
may include, but are not limited to, statements regarding the
Company’s ability to successfully advance the Kiniero Gold Project;
the Company’s ability to enter into definitive agreements in
respect of the US$115 million project finance facility, including a
US$15 million cost overrun facility (the “Facilities”) on the terms
set out in the non-binding term sheet and on acceptable terms, if
any; timing of the entering into the definitive agreements in
respect of the Facilities; and assuming definitive agreements are
entered into, the drawdown of the proceeds of the Facilities,
including the timing thereof.
Forward-looking statements and forward-looking
information are made based upon certain assumptions and other
important factors that, if untrue, could cause the actual results,
performance or achievements of the Company to be materially
different from future results, performance or achievements
expressed or implied by such statements or information. There can
be no assurance that such statements or information will prove to
be accurate. Such statements and information are based on numerous
assumptions, including the Company’s ability to enter into
definitive agreements in respect of the Facilities on the terms set
forth in the non-binding term sheet, and on acceptable terms, if
any, and to satisfy the conditions precedent to closing and
advances thereunder (including satisfaction of remaining customary
due diligence and other conditions and approvals); the assumption
that board approval for the Facilities will be obtained; the
Company’s ability to meet the timing objectives for definitive
agreements and first drawdown of funds; the ability to execute the
Company’s plans relating to the Kiniero Gold Project as may be set
out in the Kiniero Gold Project pre-feasibility study, including
the timing thereof; the Company’s ability to complete its planned
exploration and development programs; no adverse conditions at the
Kiniero Gold Project; no unforeseen operational delays; no material
delays in obtaining necessary permits; the price of gold remaining
at levels that render the Kiniero Gold Project profitable; the
Company’s ability to continue raising necessary capital to finance
its operations; and the ability to realize on the mineral resource
and mineral reserve estimates; and assumptions regarding present
and future business strategies, local and global geopolitical and
economic conditions and the environment in which the Company
operates and will operate in the future.
Certain important factors could cause the
Company’s actual results, performance or achievements to differ
materially from those in the forward-looking statements and
forward-looking information including, but not limited to:
financing costs or adverse changes to the terms of available
financing, if any, for the Kiniero Gold Project; the Company’s
ability to enter into definitive agreements for the Facilities on
acceptable terms, if any; the Company’s ability to satisfy the
conditions precedent to closing and advances thereunder (including
satisfaction of customary due diligence and other conditions and
approvals); failure or delays to receive necessary approvals or
otherwise satisfy the conditions to the completion of the
Facilities; the proceeds of the Kiniero Gold Project financing not
being available to the Company; fluctuations in gold and commodity
prices; risks related to the geopolitical situation in Mali and
related risks, including the risk of terrorism and armed banditry,
fraud and corruption, security threats and resource nationalism;
fluctuations in exchange and interest rates; the Company’s access
to debt financing; uncertainty of the Company’s mineral reserve and
mineral resource estimates; changes in the Company’s production and
cost estimates; hazards and risks normally associated with mineral
exploration and gold mining development and production operations;
risks related to the Company’s external contractors and suppliers;
the Company’s limited property portfolio; the depletion of the
Company’s mineral reserves; the Company’s access to an adequate
water supply for mining operations; the Company obtaining and
maintaining required licenses and permits from various governmental
authorities in order to operate; the Company obtaining and
maintaining title to its mineral projects and exploration rights;
competition with other mining companies; the Company’s ability to
find and retain qualified and key personnel; environmental risks
and hazards associated with operating a gold mine in Mali; the risk
that the Company may not be able to insure against all the
potential risks associated with its operations; risks related to
the Company’s relations with its employees, shareholders and other
stakeholders, including the local governments and communities
surrounding its mine in Mali; the Company’s reliance on information
technology systems; cybersecurity threats; the risk of any pending
or future litigation against the Company; and tax risks, including
changes in taxation laws or assessments on the Company.
Although the Company believes its expectations
are based upon reasonable assumptions and has attempted to identify
important factors that could cause actual actions, events or
results to differ materially from those described in
forward-looking information, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or
intended. These factors are not intended to represent a complete
and exhaustive list of the factors that could affect the Company;
however, they should be considered carefully. There can be no
assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information.
The Company undertakes no obligation to update
forward-looking information if circumstances or management’s
estimates, assumptions or opinions should change, except as
required by applicable law. The reader is cautioned not to place
undue reliance on forward-looking information. The forward-looking
information contained herein is presented for the purpose of
assisting investors in understanding the Company’s expected
financial and operational performance and results as at and for the
periods ended on the dates presented in the Company’s plans and
objectives, and may not be appropriate for other purposes.
Please also refer to the section titled “Risks
Factors” in the Company’s Annual Information Form for the fiscal
year ended December 31, 2022, which is available on SEDAR+ at
www.sedarplus.com or on the Company’s website at
https://robexgold.com for more information on risk factors that
could cause results to differ materially from forward-looking
statements. All forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
________________________________1
Forward-looking statement. See the “Forward-Looking Information and
Forward-Looking Statements” section of this press release.2
Non-IFRS financial measure, non-IFRS ratio or supplementary
financial measure. See the "Non-IFRS and Other Financial Measures"
section of this press release for a discussion of these measures
and their reconciliation to the most directly comparable IFRS
measure, as applicable.3 Ibid.4 Ibid.5 Ibid.6 Supra, note 1.
Grafico Azioni Robex Resources (TG:RB4)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Robex Resources (TG:RB4)
Storico
Da Set 2023 a Set 2024