The new entity places Guinea on the trajectory to become one of the top five gold producing countries in Africa.
Predictive Discovery has closed its USD 1.5 billion merger with Robex Gold, with the deal finalising on 15 April.
Predictive Discovery acquired all issued and outstanding common shares of Robex via its wholly owned subsidiary 9548-5991 Québec Inc, completing the proceedings approved by Robex shareholders in December last year.
Predictive Discovery was advised on the legal aspects of the arrangement by ADNA, with a team led by partner Salimatou Diallo and the assistance of associates Mariama Toupe Bah and Tamba Adrien Iffono.
Altogether, the merged companies have a portfolio consisting of the Mali Nampala gold mine, the Kiniero gold mine in Guinea and the tier-one Bankan gold project, also located in Guinea and one of the largest undeveloped gold mining operations in Africa.
The new entity said it aims to produce over 400,000 ounces of gold per year by 2029, with the merger set to make Guinea one of the top five gold-producing countries across the wider continent.
The merged companies also said they intended to enhance the economic profile of Guinea through job creation, infrastructure and services developments.
Confirmed leadership of the new company includes Matthew Wilcox as CEO and managing director, Alain William as executive director and chief legal and government relations officer, Andrew Pardey as non-executive chairman, and Simon Jackson as lead independent non-executive director.
Wilcox said in a shareholder statement on 8 April: “The combination brings together a portfolio of high-quality gold assets, a strengthened balance sheet and meaningful financing synergies, alongside access to a world-class mine-building and operations team with recent, hands-on experience in Guinea.”
He added: “With increased scale, enhanced financial capacity and a proven execution platform, the combined group is well-positioned to advance its development priorities and deliver disciplined, sustainable growth.”
ADNA also provided legal advice on a recent USD 1 billion oil deal in the Republic of Gabon.