Company Profile For Randgold Resources Limited

Randgold Resources Limited (RRS.L) (London Stock Exchange)
sector: Basic Materials · industry: Precious Metals & Minerals ·
As of  27 Nov 2009
5,165.00GBp
Price Change
+140.00
Percent Change
+2.79%
 
 
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Overview

Randgold Resources Ltd. is engaged in gold mining, exploration and related activities. Its activities are focused on West and East Africa. In Mali, it has an 80% controlling interest in the Loulo mine through Societe des Mines de Loulo S.A. The Loulo mine is mining from two open pits and one underground mine, and is developing a further underground mine. The Company also owns 50% of Morila Limited, which in turn owns 80% of Morila SA, the owner of the Morila mine in Mali. In addition, it owns an effective 84% controlling interest in the development-stage Tongon project located in Cote d’Ivoire. It owns an effective 83% controlling interest in the Massawa project in Senegal. It also has exploration permits and licenses covering substantial areas in Mali, Cote d’Ivoire, Burkina Faso, Ghana, Senegal and Tanzania. In October 2009, Randgold Resources Limited and AngloGold Ashanti Limited, through their indirect jointly owned subsidiary, 0858065 BC Ltd., acquired Moto Goldmines Limited.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Randgold Resources Limited's revenues increased 13% to $294.2M. Net income increased 15% to $37.3M. Revenues reflect an increase in gold sales on spot market and the presence of non cash profit from roll of hedges. Net income also reflects a decrease in transport and refining costs, lower finance costs and an improved operating & gross margins of the company.

Company Address

Randgold Resources Limited
La Motte Chambers
La Motte Street,
St. Helier,Channel Islands
Jersey     JE1 1BJ
P: +441534.735333
F: +441534.735444

Total Employees

1136

Find Out More About RRS.L

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