Robex Resources Inc. Begins Year in Strength With First Quarterly Financial Results - Seite 2

             
The constant improvement of the Nampala plant and its organization now allow us, among other things, to integrate preventive maintenance program, thereby reducing costs and unplanned shutdowns and therefore significantly reducing the total cash cost¹ of an ounce of gold.

143% INCREASE IN CASH FLOWS FROM OPERATING ACTIVITIES²

The operating activities of the Company generated cash flows of CAD 18.7 million (CAD 0.032 per share³) compared to CAD 7.7 million (CAD 0.013 per share³) for the same period in 2019. Cash flows are 60% higher than overall revenue.

IMPROVEMENT OF THE WORKING CAPITAL OF CAD 2.4 MILLION AS AT MARCH 31, 2020 COMPARED TO DECEMBER 31, 2019, AND THIS, CONSIDERING THE DECLARED DIVIDEND OF CAD 11.6 MILLION AND PAID ON APRIL 7, 2020.

Mining Operation: Nampala, Mali

Quarters ended March 31,
			2020		2019
Operating Data
Ore mined (tonnes)			502,280		498,433
Ore processed (tonnes)			476,720		424,561
Waste mined (tonnes)			1,350,806		817,729
Operational stripping ratio			2.7		1.6
Head grade (gpt)			1.10		0.95
Recovery (%)			88.8	%	85.0	%
Gold ounces produced			14,918		11,291
Gold ounces sold			14,646		10,935
Financial Data
(rounded off to the nearest thousand dollars)
Revenue – Gold sales			30,864,000		18,870,000
Mining operation expenses			7,436,000		7,131,000
Mining royalties			770,000		588,000
Administrative expenses			1,650,000		1,774,000
Depreciation of property, plant and equipment and amortization of intangible assets			7,387,000		8,363,000
Segment operating income			13,621,000		1,014,000
Statistics
(in dollars)
Average realized selling price (per ounce)			2,107		1,726
Cash operating cost (per tonne processed)3			17		18
Total cash cost (per ounce sold)3			560		706
All-in sustaining cost (per ounce sold)3			968		1,053
Administrative expenses (per ounce sold)			113		162
Depreciation of property, plant and equipment (per ounce sold)			504		765

Robex’s MD&A and the condensed interim consolidated financial statements (unaudited) are available on the Company's website in the Investors section at robexgold.com. These reports and other documents produced by the Company are also available at sedar.com.