Edition:
United Kingdom

Randgold Resources Ltd (RRS.L)

RRS.L on London Stock Exchange

4,740.00GBp
4:11pm BST
Change (% chg)

20.00 (+0.42%)
Prev Close
4,720.00
Open
4,696.00
Day's High
4,761.00
Day's Low
4,673.00
Volume
445,164
Avg. Vol
531,464
52-wk High
7,585.00
52-wk Low
4,607.00

Latest Key Developments (Source: Significant Developments)

Randgold Says Some Mining Cos In DRC Established New Body
Thursday, 23 Aug 2018 

Aug 23 (Reuters) - Randgold Resources Ltd ::MINING COS ACCOUNTING FOR 80 PCT OF COPPER & COBALT PRODUCTION AND 90 PCT OF GOLD PRODUCTION IN DEMOCRATIC REPUBLIC OF CONGO ESTABLISHED NEW BODY.MPI IS ESTABLISHED TO ENGAGE WITH GOVERNMENT ON INDUSTRY CONCERNS ABOUT DRC'S NEW MINING CODE, OTHER ISSUES CONCERNING MINING INDUSTRY IN DRC.MINING PROMOTION INITIATIVE GENERAL SECRETARY RICHARD ROBINSON SAYS INDUSTRY'S MAIN ISSUE REMAINS APPLICATION OF 2018 MINING CODE.  Full Article

Randgold On Track To Be Within FY Production, Cost Guidance
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Randgold Resources Ltd ::"WE ARE ON TRACK TO BE WITHIN GROUP PRODUCTION AND COST GUIDANCE FOR 2018".QTRLY TOTAL CASH COST PER OUNCE DOWN 3% AT $697 AND GOLD SALES OF $411.5 MILLION UP 5% DESPITE A LOWER GOLD PRICE.QTRLY GOLD PRODUCTION UP 9% QUARTER ON QUARTER AT 313 302 OUNCES.QTRLY PROFIT FROM MINING WAS UP 6% AT $190.6 MILLION AND NET CASH GENERATED BY OPERATIONS ROSE BY 49% TO $95.5 MILLION.STILL ASSESSING IMPACT OF TONGON WORK STOPPAGE.TONGON WORK STOPPAGE IS "OBVIOUSLY A CHALLENGE".QTRLY TOTAL REVENUES $283.7 MILLION VERSUS $336.8 MILLION.  Full Article

Randgold Resources Says Tongon Gold Mine Seeking To Restart Mining And Processing Operations
Monday, 30 Jul 2018 

July 30 (Reuters) - Randgold Resources Ltd ::TONGON WORKS TOWARDS FRESH START AFTER STOPPAGE.TONGON MINE SEEK TO RESTART MINING AND PROCESSING OPERATIONS BASED ON AGREEMENT ENTERED BETWEEN WORKERS LEADERSHIP, UNION REPRESENTATIVES.WILL NOW HAVE TO REVIEW TONGON REVISED PRODUCTION GUIDANCE IN LIGHT OF WORK STOPPAGE - CEO.  Full Article

Randgold Resources Says Tongon To Claw Back Lost Production
Monday, 30 Apr 2018 

April 30 (Reuters) - Randgold Resources Ltd ::TONGON TO CLAW BACK LOST PRODUCTION.TONGON TO CLAW BACK LOST PRODUCTION.RANDGOLDPRODUCTION AT TONGON GOLD MINE WAS IMPACTED DURING Q1 BY SERIES OF WORK STOPPAGES WHICH STARTED WITH EMPLOYEES OF MINING CONTRACTOR, SPREAD TO OTHER OPERATIONS.TONGON MINE IMPACT WOULD AFFECT ON MINE'S PRODUCTION GUIDANCE OF 290 000 OUNCES FOR 2018.SERIES OF STOPPAGES TO IMPACT TONGON MINE'S PRODUCTION GUIDANCE OF 290 000 OUNCES FOR 2018.TONGON PROCESSED ORE FROM RUN-OF-MINE, SCATS STOCKPILES DURING STOPPAGES.TONGON USED OPPORTUNITY TO UPGRADE PARTS OF PLANT TO ACHIEVE A HIGHER AND MORE CONSISTENT THROUGHPUT GOING FORWARD..CO MAKING EFFORT TO RECOVER MOST OF LOST OUTPUT AT TONGON, WITH OPERATIONS NOW BACK AT FULL CAPACITY.  Full Article

Randgold Resources Says Commissioning Of Automated Underground Mine Drives Production Growth At Kibali
Monday, 23 Apr 2018 

April 23 (Reuters) - Randgold Resources Ltd ::COMMISSIONING OF AUTOMATED UNDERGROUND MINE DRIVES PRODUCTION GROWTH AT KIBALI.KIBALI WAS ON TRACK TO ACHIEVE ITS 2018 PRODUCTION GUIDANCE OF 730 000 OUNCES, A 22% INCREASE ON PREVIOUS YEAR'S OUTPUT.  Full Article

Randgold Resources Updates on Engagement With Congo Govt On New Mining Code​
Thursday, 15 Mar 2018 

March 15 (Reuters) - Randgold Resources Ltd ::READY FOR ENGAGEMENT WITH DRC.‍MINING INDUSTRY READY FOR ENGAGEMENT WITH DRC GOVERNMENT​.‍LEGAL AND TECHNICAL TEAM REPRESENTING MAJOR MINING COS OPERATING IN DRC ARRIVED IN KINSHASA FOR ENGAGEMENT WITH GOVERNMENT ON NEW MINING CODE​.‍COMPANIES ARE NOW AWAITING AN APPOINTMENT WITH MINISTER TO DISCUSS A PROGRAMME OF ENGAGEMENT WITH GOVERNMENT'S WORKING GROUP​.‍COS IN MEETING WITH PRESIDENT CONFIRMED WILLINGNESS TO NEGOTIATE ADDITIONAL ROYALTIES, CHANGES TO OTHER TAXES AS PART OF PROCESS​.‍COMPANIES SAID EXPECTED NEGOTIATION PROCESS WILL START SOON​.CO', ANGLOGOLD ASHANTI'S KIBALI MINE, GLENCORE'S MUTANDA MINE HAVE RESIGNED FROM FEC, CONGOLESE CHAMBER OF COMMERCE, WITH IMMEDIATE EFFECT​.  Full Article

Randgold Resources Says FY 2018 Production Between 1.30 And 1.35 Mln Ounces
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Randgold Resources Ltd ::‍FORECASTING FY 2018 PRODUCTION OF BETWEEN 1.30 AND 1.35 MILLION OUNCES AT TOTAL CASH COST PER OUNCE IN RANGE OF $590 TO $640 ​.LOULO ‍TOTAL CAPITAL EXPENDITURE FOR QUARTER AMOUNTED TO $21.2 MILLION AND $87.3 MILLION FOR YEAR ​.TOTAL DIVIDEND UP 100 PERCENT TO 2.00 USDPER SHARE.‍RECORD GOLD PRODUCTION FOR 7 TH CONSECUTIVE YEAR, EXCEEDS ANNUAL GUIDANCE​.‍PROFIT UP 14% AT $335 MILLION FOR YEAR​.‍ANNUAL EPS UP TO $2.96​.‍TONGON EXCEEDS GUIDANCE AND TOTAL CASH COST PER OUNCE DOWN 18% QUARTER ON QUARTER AND 12% YEAR ON YEAR​.WELL PLACED TO ACHIEVE ITS GOAL OF DEVELOPING THREE NEW PROJECTS IN NEXT FIVE YEARS​.‍KIBALI INCREASES PRODUCTION IN Q4 BY 17% QUARTER ON QUARTER AND 2% YEAR ON YEAR AND SUCCESSFULLY COMMISSIONS UNDERGROUND OPERATION​.‍GOLD SALES FOR YEAR ENDED DECEMBER 31 2017 OF $1.65 BILLION WERE UP 7% FROM PREVIOUS YEAR​.‍PROFIT FOR QUARTER WAS UP 45% FROM PREVIOUS QUARTER AND DOWN 8% FROM CORRESPONDING QUARTER OF 2016​.‍PROFIT FOR YEAR ENDED DEC 31, 2017 OF $335.0 MILLION REPRESENTS INCREASE OF 14% COMPARED TO PROFIT OF $294.2 MILLION IN PREVIOUS YEAR​.  Full Article

Randgold Resources Says ‍Kibali Mine On Track To Produce Its Targeted Plus 700 000 Ounces Of Gold In 2018​
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Randgold Resources Ltd ::‍KIBALI DEVELOPMENT SUCCESSFULLY COMPLETED, KIBALI HEADS FOR INCREASED PRODUCTION IN 2018​.‍KIBALI MINE WAS ON TRACK TO PRODUCE ITS TARGETED PLUS 700 000 OUNCES OF GOLD IN 2018​.  Full Article

Endeavour and Randgold form an exploration joint venture in Côte D'ivoire
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Endeavour Mining Corp ::Endeavour and Randgold form an exploration joint venture in Côte D'ivoire.Endeavour Mining Corp - ‍$3.8 million exploration campaign has been approved for remainder of 2017 and 2018​.Endeavour Mining-‍under terms of jv agreement, randgold and endeavour will hold respectively a 70% and 30% interest in newly formed joint venture​.Endeavour Mining - co, Randgold ‍established JV covering Sissedougou & Mankono exploration properties located in northern region of Côte D'ivoire​.  Full Article

Randgold says on track to meet 2017 guidance​
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Randgold Resources Ltd ::RANDGOLD ON TRACK TO MEET 2017 GUIDANCE​.Q3 GOLD SALES $ ‍387.8​ MILLION VERSUS $392.8 MILLION YEAR AGO.Q3 TOTAL CASH COSTS $ ‍201.9​ MILLION VERSUS $195.3 MILLION YEAR AGO.DEPRECIATION AND AMORTISATION OF $50.5 MILLION INCREASED BY 26% FROM CORRESPONDING QUARTER OF 2016​.Q3 PROFIT FOR THE PERIOD $ ‍60.2​ MILLION VERSUS $ 77.25 MILLION YEAR AGO.SHARE OF PROFITS FROM KIBALI JOINT VENTURE IS STATED AFTER DEPRECIATION OF $31.8 MILLION (Q2 2017: $31.3 MILLION)​.Q3 PRODUCTION ‍310,618​ OZ VERSUS 301,163 OZ YEAR AGO.Q3 QUARTERLY GOLD PRODUCTION FOR LOULO-GOUNKOTO COMPLEX WAS 172 350OZ DUE TO LOWER GRADE BUT IN LINE WITH PLAN​.  Full Article

Photo

Congo will declare cobalt and other minerals as 'strategic' in coming days - mines minister

KOLWEZI, Democratic Republic of Congo The prime minister of Democratic Republic of Congo will sign a decree in the coming days to designate cobalt and other minerals as "strategic" and therefore subject to higher royalties, Mines Minister Martin Kabwelulu said on Saturday.