Randgold Resource Ltd

Randgold profit doubles despite Mali turmoil

Cecilia Jamasmie | May 3, 2012
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Gold producer Randgold Resources (LON:RRS, NASDAQ:GOLD) posted today strong results for its first quarter output and profits despite the political turmoil in Mali, from where it extract two-thirds of its gold output.

  • Randgold's giant Kibali gold project construction getting well under way

    Mineweb | April 18, 2012

    Randgold Resources seems to be on track with its construction programme on its major Kibali gold mine development in the eastern DRC, aiming for initial production before the end of 2013.

  • Lifting of sanctions against Mali welcomed by gold miners

    Cecilia Jamasmie | April 9, 2012
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    Sanctions against Mali's military junta were lifted on Sunday after the country's coup leaders agreed to step aside, allowing a provisional authority to organize elections within 40 days.

  • What does Mali's coup mean for miners?

    The Gold Report | March 23, 2012

    Investors are holding their breath after a military mutiny and coup March 22 in Mali, one of West Africa's most established democracies. This Gold Report exclusive delves behind the headlines to analyze the coup's impact on miners.

  • Randgold shares plunge almost 13% after military coup in Mali

    Cecilia Jamasmie | March 22, 2012
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    Randgold Resources (LON:RRS, NASDAQ:GOLD) shares fell close to 13% this morning after a military coup in Mali, where the company has three gold mines that account for most of its bullion production.

  • Randgold Resources shines bright as year profit soars

    Cecilia Jamasmie | February 6, 2012
    gold bars and stock prices mining

    London- and Nasdaq-listed gold producer Randgold Resources Ltd. (LON:RRS) (NASDAQ:GOLD) stocks went up 3.5 percent after the West Africa-focused miner reported a more than fourfold rise in net profit for the year ended December 2011 due to higher gold prices and a significant increase in production.

  • Randgold up 7% after shooting the lights out in West Africa

    Frik Els | November 2, 2011
    mali

    Shares of Randgold Resources, a pure-play gold mining company focused on west and central Africa, soared 7.4% Wednesday after announcing third quarter production increased 80% and sales jumped to $309.6 million from only $116.3 a year ago.

    Despite a once-off drop in gold sales from the previous quarter following instability at its Tongon mine in the Ivory Coast where it has been producing for one year and what it described as once in a century rainfall at its Loulo/Gounkoto operations in Mali, third-quarter income increased more than four-fold to $106.8 million.

  • Randgold increases gold production

    Sharewatch Global Market | August 5, 2011

    Gold miner Randgold Resources’ second quarter gold production more than tripled, boosted by contributions from its new Tongon and Gounkoto mines and soaring gold prices, sending its shares higher.

  • Randgold Resources Limited: An African gold play

    Randgold Resources Limited (GOLD) is an African focused gold play engaged in gold mining, exploration and related activities in Africa with the company listing on both the London Stock Exchange and NASDAQ. Major discoveries to date include the 7.5 million ounce Morila deposit in southern Mali, the 7 million ounce Yalea deposit and the 5 million ounce Gounkoto deposit, both in western Mali, the 4 million ounce Tongon deposit in the Côte d’Ivoire and the 3 million ounce Massawa deposit in eastern Senegal.

  • Higher gold prices push Randgold profits up 43% despite tough year

    Mineweb | February 7, 2011
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    Randgold's full-year profit $120.6M, compared with $84.3M last year. Company proposes to increase dividend by 18% to 20 cents per share; predicts attributable production of 750,000-790,000 ozs for 2011.

  • Randgold to Move Quickly on Advancing Moto Project

    mining news | October 19, 2009

    London, 15 October 2009 – Randgold Resources plans to move swiftly towards a bankable feasibility study on the Moto gold project following the completion today of its business combination transaction with Moto Goldmines Limited, chief executive Mark Bristow said.

  • Randgold to fast track big Moto gold project

    mineweb - daily news headlines | October 16, 2009

    Now that the financial and political matters have been completed, Randgold Resources, along with its partner AngloGold Ashanti are reckoning to move ahead rapidly on the very big Moto gold project in the DRC.

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