Robex Resources' (ASX:RXR) merger with Predictive Discovery (ASX:PDI) creates a well-funded, mid-tier West African gold producer with strong near-term cash flows from Kiniero Gold Project and significant growth potential from Bankan Gold Project, said Euroz Hartleys in a Monday note.

The company last week said construction and development works at its Kiniero Gold Project in Guinea remain on track and budget for the first gold pour in the fourth quarter.

The research firm also expects the merger to enhance financial flexibility, production scale, and operational synergies, positioning the combined entity to deliver more than 400,000 ounces a year in 2029 with "robust" exploration upside.

Euroz Hartleys maintained a speculative buy rating on Robex Resources with a price target of AU$6.05, up from AU$5.10.

Robex shares were down almost 1% in recent Tuesday trade, while Predictive Discovery shares rose almost 2%.