Predictive Discovery & Robex Gold Unite in $1.5B Deal to Reinvent Guinea’s Gold Landscape

Australia’s Predictive Discovery Ltd. and Canada’s Robex Gold Inc. have announced a landmark US$1.55 billion merger, marking one of the most significant consolidations in West Africa’s gold industry in recent years. The all-share transaction will unite two complementary assets, the Bankan and Kiniero gold projects, both located within Guinea’s prolific Siguiri Basin, roughly 30 kilometers apart. The merger creates a new mid-tier gold producer with the scale, financial strength, and strategic alignment to transform Guinea into one of Africa’s fastest-growing gold hubs.

Under the terms of the agreement, Robex shareholders will receive 8.67 Predictive shares per Robex share, resulting in approximately 51% ownership of the combined entity. The new company will be led by Matthew Wilcox, the current CEO of Robex, while Andrew Pardey, Predictive’s CEO, will assume the role of Chair, an arrangement designed to merge operational expertise with exploration and development experience. This balanced leadership structure reflects a shared vision of advancing Bankan and Kiniero as integrated, synergistic operations capable of delivering sustainable long-term production.

Together, the two companies bring a robust asset base totaling 9.5 million ounces in resources and 4.5 million ounces in reserves. Once combined, production is expected to exceed 400,000 ounces of gold per year by 2029, positioning the new entity among Africa’s leading intermediate gold producers. Robex’s near-term production start at Kiniero, scheduled for December 2025, will generate early cash flow, helping finance the development of Predictive’s flagship Bankan project, which targets a Final Investment Decision (FID) by mid-2026. This self-sustaining growth model is designed to minimize external financing needs while accelerating Guinea’s emergence as a regional gold powerhouse.

The deal arrives at a complex time for Guinea’s mining industry. In May 2025, the transitional government revoked over 50 exploration and mining licences amid a push for compliance and transparency, causing uncertainty among investors. However, the Predictive–Robex merger demonstrates renewed confidence in the country’s mineral sector, suggesting that disciplined operators with strong technical and financial foundations can still thrive under tighter regulatory conditions. Backing from major Robex shareholders, Cohen Group and Eglinton Mining, as well as board approval from both companies adds momentum to the transaction, which is pending a shareholder vote in December.

If executed successfully, the merger could redefine Guinea’s mining landscape by creating a consolidated, well-capitalized producer capable of driving new exploration, job creation, and infrastructure development in the Siguiri region. On a broader scale, it signals a new phase of strategic consolidation across West Africa, where mid-tier miners are increasingly merging assets to achieve operational scale and resilience in a competitive market. For Guinea, this deal represents more than corporate realignment, it’s a step toward establishing the nation as a top-tier gold producer and a more stable investment destination within Africa’s mining ecosystem.

Mini-Glossary

• All-Share Transaction: A merger or acquisition where shareholders are paid in shares of the acquiring company rather than cash.
• Reserves and Resources: “Reserves” are economically mineable portions of a mineral deposit; “resources” include all identified mineralization, regardless of current economic viability.
• Final Investment Decision (FID): The formal approval to proceed with a project’s construction and production phase after completing technical and financial studies.
• Consolidation: The combining of companies or assets to improve efficiency, scale, and competitiveness within an industry.
• Mid-Tier Gold Producer: A mining company producing between roughly 200,000 and 1 million ounces of gold annually, larger than a junior explorer but smaller than a major global producer.
• Siguiri Basin: A geologically rich gold belt in northeastern Guinea known for hosting several large-scale gold deposits.