10 — Mining

Resources for the long term.

ONEX is a shareholder in PDI Gold Limited (ASX/TSX: PDI) — the West African gold producer formed when Predictive Discovery merged with Robex Resources in April 2026.

Overview

Gold in production in West Africa.

In April 2026, Predictive Discovery Limited completed its merger with Robex Resources Inc. by way of a plan of arrangement. Former Robex shareholders received 7.862 PDI shares for each Robex share or CDI. The combined company trades as PDI Gold Limited on the ASX and TSX under the ticker PDI.

The group’s producing assets are the Kiniéro Gold Mine in Guinea (production from late 2025; commercial production in early 2026) and the Nampala Mine in Mali (operating since 2017), alongside the tier-1 Bankan development project in Guinea.

In the September 2026 quarter, the group poured 52,865 oz of gold (Kiniéro 45,599 oz; Nampala 7,266 oz), sold 66,928 oz for revenue of US$283 million, and reported group AISC of US$1,390/oz (Kiniéro AISC US$1,246/oz). Cash and bullion stood at US$405 million at 30 September 2026; debt was US$130 million. Full-year 2026 guidance of 198,000–220,000 oz is maintained. The company targets more than 400,000 oz per annum by 2029 once Bankan is in production.

Figures are unaudited and drawn from PDI Gold’s Quarterly Activities Report for the quarter ended 30 September 2026 (released 30 October 2026). For reserves, resources and the latest disclosures, see PDI Gold’s ASX/TSX announcements.

Visit PDI Gold (external site)↗

In numbers

Production, costs, growth.

  • 53kozgold poured, Sep 2026 quarter
  • US$1,246Kiniéro AISC /oz, Sep 2026 quarter
  • US$405mcash & bullion at 30 Sep 2026
  • >400kozgroup production target by 2029
Flooded open pit at a West African gold mine.
Open-pit gold mine with a lake in West Africa
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Operating performance

Kiniéro is running.

Kiniéro is the group’s cornerstone producer. In the September 2026 quarter it milled 2.28 Mt at 88.3% recovery and poured 45,599 oz at an AISC of US$1,246/oz, with plant throughput averaging 1,095 tph — offsetting seasonal wet-season mining rates.

Nampala contributed 7,266 oz in the same quarter while cutback work progressed to improve ore access. Bankan pre-development continues, with detailed engineering about 20% complete at quarter end.

Flooded open pit at a West African gold mine
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Responsible resources

Long-term value from natural resources.

As a long-term shareholder, we support disciplined development, strong safety performance and lasting benefits for host communities.

Strategy & value creation

How we create value.

Disciplined ownership across the life-cycle of each asset.

01Listed, producing exposure

Shareholding in PDI Gold provides exposure to operating West African gold mines and a tier-1 development pipeline.

02Support through the cycle

We back management on safety, cost discipline and the path to more than 400 koz per annum by 2029.

Milestones

A clear path.

Scroll or use the arrows to move through the timeline.

  1. Apr 2026

    Predictive Discovery merges with Robex; combined company trades as PDI Gold (ASX/TSX: PDI).

  2. 2026

    Kiniéro in commercial production; group maintains 198–220 koz FY guidance.

  3. 2029

    PDI target: more than 400 koz per annum with Bankan online.

Footprint

Where this business sits.

Select a pin or a legend entry for details.

Sustainability

Responsible mining through our shareholding.

We expect investee companies to meet strong safety and community standards. Operating detail and ESG disclosures are published by PDI Gold to the ASX and TSX.

Portfolio

PDI Gold assets.

Showing 3 of 3

Guinea · West Africa · Producing

Kiniéro Gold Mine

Operating gold mine in the Siguiri Basin. Production commenced in late 2025; commercial production in early 2026. September 2026 quarter: 45,599 oz poured at an AISC of US$1,246/oz (PDI Gold Quarterly Activities Report, 30 October 2026).
Status
Producing
Country
Guinea

Mali · West Africa · Producing

Nampala Mine

Open-pit gold operation in southern Mali, producing since 2017. September 2026 quarter: 7,266 oz poured (same report).
Status
Producing
Country
Mali

Guinea · West Africa · Development

Bankan Gold Project

Tier-1 undeveloped gold project in Guinea. Pre-development advancing (detailed engineering about 20% complete as at 30 September 2026). Expected about 250,000 oz per annum once in production; the group targets more than 400,000 oz a year by 2029.
Status
Development
Country
Guinea
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