Robex and Mali Agree on New Terms for Nampala Gold Mine

On 19 February 2026, Canadian miner Robex (TSXVL RBX) announced that it had signed a new agreement with the Government of Mali regarding its Nampala Gold Mine. Since 2017, Robex has been operating the mine, but the updated agreement is necessary to align with the new Malian Mining Code.

The Agreement settles outstanding taxes, royalties, and customs duties. Under the new deal, the Government of Mali will become a shareholder in the local company and hold at least 10% of preferred free-carried shares.

Mali’s Council of Ministers also released a statement detailing that it issued the approval for the new Agreement after reviewing Robex’s plan to upgrade production to 1.4 tonnes of gold per annum for the coming eight years. The new projection is based on geological data that identified a deposit of 17.4 million tonnes with an average gold content of 0.7 grams per tonne.

“I would like to thank their excellencies, the Minister of Mines, the Minister of Economy and Finance and all the parties involved for constructive discussions over the past few months, and we look forward to working alongside the government.”

Robex MD Matthew Wilcox

The Nampala Gold Mine is in southern Mali, approximately 300 kilometers south of the capital, Bamako. It is an open-pit mine that uses conventional surface mining techniques using excavators and trucks, making extraction cheaper and easier than deep underground mining.

Based on the latest figures, Mali is the second-largest gold-producing country in Africa, behind Ghana, but ahead of South Africa. The price of gold has maintained a sustained rise over the past few years, and the cost per troy ounce has climbed from USD 2,000 in 2020 to over 5,000 at the start of 2026.

Robex concurrently operates the Kiniero #Gold Mine in Guinea, and the plant poured the first gold in December 2025. Commercial production is expected to go into full swing by the end of 1Q26.