Profile: Randgold Resources Ltd (GOLD.O)
25 Oct 2016
Randgold Resources Limited, incorporated on August 4, 1995, is engaged in gold mining, exploration and related activities. The Company's activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in over four African countries, such as Mali, Senegal, Cote d'Ivoire and the Democratic Republic of Congo (DRC), with a portfolio of approximately 141 targets on over 12,310 kilometers of ground holding, of these 99 are satellite targets while 42 are stand-alone operations. The Company also holds an interest in the Massawa project.
The Company holds Morila Limited, which holds interests in the Morila mine in Mali. Morila mine has produced over 122,370 ounces (oz) of gold.
The Company holds a controlling interest in the Loulo mine, located in Mali, through Societe des Mines de Loulo SA (Loulo). The Loulo mine is mining from over two underground mines. Loulo mine has produced approximately 350,604 oz of gold.
The Company has a controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). The Gounkoto mine is located approximately 20 kilometers south of Loulo's plant. The Company has produced approximately 279,560 oz of gold at the Gounkoto mine.
The Company holds controlling interest in the Tongon mine, which is located within the Nielle exploitation permit in the north of Cote d'Ivoire, approximately 50 kilometers south of the border with Mali. Tongon has approximately two main pits, such as South Zone (SZ) and the smaller North Zone (NZ). The Company has produced approximately 242,950 oz of gold at the Tongon mine.
The Kibali mine is located approximately 560 kilometers northeast of the city of Kisangani and over 180 kilometers west of the Ugandan border town of Arua in the northeast of the DRC. The Company is managing the development and operation of the Kibali mine. The Company has produced approximately 642,720 oz of gold at the Kibali mine.
Randgold Resources Ltd
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