Key Developments: Randgold Resources Ltd (GOLD.O)
76.19USD
23 May 2013
$1.60 (+2.15%)
$74.59
$75.69
$76.75
$75.55
874,869
806,222
$127.27
$66.51
Latest Key Developments (Source: Significant Developments)
Randgold Resources Ltd Declares Final Dividend
Randgold Resources Ltd approved a final dividend for the year ended December 31, 2012 of USD0.50 per share. The dividend payment will be made on May 30, 2013 to shareholders on the register on May 10, 2013. The ex-dividend date will be May 8, 2013. Full Article
Goldstone Resources Ltd Enters Into Joint Venture Agreement Randgold Resources Limited's Randgold Resources (Senegal) Limited
Goldstone Resources Ltd announced on April 05, 2013, that it entered into a joint venture agreement with Randgold Resources (Senegal) Limited (Randgold), a wholly owned subsidiary of FTSE 100-quoted Randgold Resources Limited, in relation to the exploration, evaluation and, potentially, the development and mining of the Sangola project in Senegal (the Joint Venture). Randgold will hold 51% of the Joint Venture and GoldStone 49% and a committee comprising three representatives from Randgold and two from GoldStone will manage the project. Under the terms of the Joint Venture, Randgold has agreed to undertake exploration over the Sangola permit and fund all work up to and including the completion of a pre-feasibility study ("PFS") on the project. The committed work includes the execution of at least 10,000 metres of reverse circulation (or equivalent) drilling per annum up to the completion of a PFS which indicates that mining of at least 1Moz of gold is economically feasible. Subject to the PFS satisfying this condition, GoldStone will have the option to maintain its 49% interest through funding its share of the costs of a feasibility study (the "FS"). In the event that GoldStone elects not to fund its share of the FS, its interest in the Joint Venture would reduce to 35%. If, following completion of the FS, the decision is taken to develop a mine, GoldStone will have the right to retain its interest through funding its share of the costs. Full Article
Randgold Resources Ltd Announces Timetable For Payment Of Dividend
Randgold Resources Ltd announced that Further to the announcement of Randgold Resources' fourth quarter and year end results for the period ended December 31, 2012 which included a recommendation from the board of directors that an annual dividend of $0.50 per share be paid subject to the approval of the Company's shareholders at the Company's annual general meeting on April 29, 2013 Randgold Resources confirms the following: If approved by the Company's shareholders, the dividend will be payable on May 30, 2013. The record date for payment of the dividend will be May 10, 2013. The ex-dividend date will be May 8, 2013. Full Article
Randgold Resources Ltd Issues FY 2013 Production Guidance-Conference Call
Randgold Resources Ltd announced that its production guidance for fiscal 2013 is 900,000 to 950,000 ounces per year. Full Article
European shares dented by weak miners
LONDON, May 2 - European shares traded slightly lower on Thursday, hampered by weaker basic resources stocks, while oil majors BG Group and Royal Dutch Shell saw solid gains after unveiling robust earnings reports.
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