The firm, debt-free despite current market conditions, mined a record 305,288 ounces in the third quarter, up from 299,320 a year earlier.
Randgold Resources Mining News
The mine produced 526,627 ounces in its first full year of operation in 2014, and was expected to yield 600,000 ounces this year.
African gold miner comes out on top.
Under the agreement with AngloGold, Randgold will lead and fund a development plan to rebuild the Obuasi gold mine in Ghana.
Gold mine in Mali is a shining example of how a world-class mineral resource can be optimally exploited to the benefit of all its stakeholders, says Randgold.
Work still continues on the development of its underground operation and second hydropower plant.
The Africa-focused gold producer saw its first-quarter profit fall16% due mainly to lower bullion prices and reduced production.
Pick one: long gold or short gold?
The mine's management made significant progress in dealing with the recovery and throughput challenges that had hampered the operation in its early stages.
The ongoing search for additional reserve ounces at Kibali will secure its future as a long-life mine and one of Africa’s largest gold producers, Randgold Resources chief executive Mark Bristow said.
CEO Mark Bristow said the current squeeze on the gold sector has created growth opportunities.
Fast growing Africa-focused Randgold Resource will release a feasibility study for third underground mine at its Loulo-Gounkoto complex in West Africa.
Randgold Resources' $1.7bn Kibali project in DRC is operating at design after commissioning of metallurgical plant and first of three hydropower plants.
Mark Bristow called gold mining companies to keep a balance when satisfying shareholders and stakeholders.
Report shows there are 39 assets in production within the Ebola-affected region.
The company is confident in the precious metal it mines.
Randgold Resources chief executive Mark Bristow argues that the looming undersupply of gold will create opportunities for mineral-rich African countries but they will have to compete aggressively for shrinking exploration dollars.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.
Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.
After the WHO declared the current outbreak an “international public health emergency.”
Output falls 19% at $2.5 billion DRC mine.
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
CEO Mark Bristow, who is hoping for one last major find before retiring.
Under founder and CEO Mark Bristow's leadership, the gold miner has grown to have a market value of $7bn and become the U.K.’s biggest gold producer.