Australian miner Predictive Discovery and Canada’s Robex Resources have agreed to merge in an A$2.35 billion ($1.55 billion) all-share deal, forming a new mid-tier gold producer focused on West Africa.
Under the terms of the agreement, Robex shareholders will receive 8.667 Predictive shares for each Robex share, resulting in approximately 49% ownership of the combined company, according to a joint statement issued on Sunday.
The merged entity will be listed on the Australian Securities Exchange (ASX) and will seek a dual listing on Canada’s TSX Venture Exchange (TSXV).
The combination unites Predictive’s Bankan and Robex’s Kiniero
In Guinea, located just 30 kilometers apart, creating a powerful regional hub with projected annual production exceeding 400,000 ounces by 2029. The portfolio will be underpinned by 9.5 million ounces in resources and 4.5 million ounces in reserves.
Amid record-high gold prices, the merger reflects the sector’s ongoing wave of consolidation as miners pursue scale, efficiency, and stronger margins through mergers and acquisitions.
The Kiniero mine, slated to commence production in December 2025, will provide early cash flow to support the development of Bankan, which is targeting a final investment decision by mid-2026.
Though Guinea is traditionally known for its bauxite and iron ore wealth, it is drawing renewed interest in gold exploration and development, despite ongoing challenges from artisanal mining and tighter regulatory oversight. Recent activity includes Canada’s Fortuna Mining entering a joint venture with Australia’s DeSoto Resources to explore the Siguiri Basin in northeastern Guinea.
Under the new corporate structure, Robex CEO Matthew Wilcox will serve as Chief Executive Officer, while Predictive Discovery’s Andrew Pardey will assume the role of Chairman. The merger has received the backing of Robex’s major shareholders, Cohen Group and Eglinton Mining, who collectively hold 25% of the company.
The transaction is expected to close by the end of 2025, subject to court and shareholder approvals.