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United States

Randgold Resources Ltd (RRS.L)

RRS.L on London Stock Exchange

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9:21am EDT
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Latest Key Developments (Source: Significant Developments)

Randgold Resources Says Tongon Gold Mine Back In Business After Lock-Out Lifted
Wednesday, 5 Sep 2018 04:13am EDT 

Sept 5 (Reuters) - Randgold Resources Ltd ::TONGON BACK IN BUSINESS AFTER LOCK-OUT LIFTED.NEGOTIATIONS BETWEEN MANAGEMENT, WORKERS, COMMUNITY LEADERS, GOVERNMENT CREATED AN AGREEMENT.OPERATIONS AT TONGON GOLD MINE RETURNED TO NORMAL ON WEDNESDAY AFTER MANAGEMENT LIFTED LOCK-OUT IMPOSED ON WORKERS.AS PER AGREEMENT, WORKERS ARE BEING RE-EMPLOYED IN PHASES ALIGNED TO START-UP OF MINE'S VARIOUS SECTIONS.WORK STOPPAGE NECESSITATED REVISION OF PREVIOUS PRODUCTION GUIDANCE FOR YEAR WHICH IS NOW ESTIMATED AT 230 000 OUNCES OF GOLD.AGREEMENT STIPULATES PREVIOUS DISCUSSIONS, SHOULD BE RESUMED WHERE THEY WERE INTERRUPTED BY STRIKE IN JULY.OVERALL GROUP PRODUCTION OUTLOOK REMAINED WITHIN GUIDANCE GIVEN AT START OF YEAR ALBEIT TOWARDS LOWER END OF RANGE.  Full Article

Randgold Resources Says Gold Production At Kibali Mine On Track To Beat FY Guidance
Wednesday, 25 Jul 2018 09:01am EDT 

July 25 (Reuters) - Randgold Resources Ltd ::RANDGOLD RESOURCES LTD - GOLD PRODUCTION AT KIBALI MINE IN DEMOCRATIC REPUBLIC OF CONGO IS RISING STEADILY.RANDGOLD RESOURCES LTD - GOLD PRODUCTION AT KIBALI MINE ON TRACK TO BEAT ITS GUIDANCE OF 730 000 OUNCES FOR THIS YEAR.  Full Article

Randgold Says Industrial Action At Tongon Mine Having Some Impact On Ops
Tuesday, 3 Apr 2018 03:04am EDT 

April 3 (Reuters) - Randgold Resources Ltd ::‍INTERMITTENT INDUSTRIAL ACTION BY WORKFORCE OF ITS MINING SUBCONTRACTOR WAS HAVING SOME IMPACT ON OPERATIONS AT ITS TONGON GOLD MINE​.MINE AND SCATS STOCKPILES BUT MANAGEMENT SAID OPERATION WAS LAGGING ITS PRODUCTION FORECAST.OPERATIONS WERE EXPECTED TO GET BACK TO FULL CAPACITY AND "CHALLENGE WAS GOING TO BE RECOVERING LOST PRODUCTION".CONFIRMED THAT RANDGOLD'S GROUP OUTLOOK FOR 2018 REMAINED WITHIN GUIDANCE.  Full Article

Anglogold Ashanti Says In Full Support Of Randgold Resources
Thursday, 8 Mar 2018 05:01am EST 

March 8 (Reuters) - Anglogold Ashanti Ltd ::‍ANGLOGOLD ASHANTI PROVIDES UPDATES ON DRC MINING CODE DISCUSSIONS​.ANGLOGOLD ASHANTI IS IN FULL SUPPORT OF RANDGOLD RESOURCES, OUR PARTNER AND OPERATOR IN KIBALI JOINT VENTURE.‍ON MARCH 7, MEETING TOOK PLACE BETWEEN PRESIDENT JOSEPH KABILA KABANGE OF DRC AND REPRESENTATIVES OF MINING INDUSTRIES AT REQUEST​.SUPPORTS RANDGOLD RESOURCES, PARTNER AND OPERATOR IN KIBALI JOINT VENTURE.RANDGOLD RESOURCES WILL CONTINUE ENGAGEMENT WITH DRC GOVERNMENT REPRESENTATIVES NEXT WEEK.‍MINING OPERATORS AGREED TO CONTINUE DISCUSSIONS WITH GOVERNMENT ON ISSUES EXISTING IN AGREEMENT ONCE NEW MINING CODE HAS BEEN SIGNED.  Full Article

Randgold Says To Start Engagement With DRC Govt Next Week
Thursday, 8 Mar 2018 02:01am EST 

March 8 (Reuters) - Randgold Resources Ltd ::PRESS STATEMENT - KINSHASA.‍ON MARCH 7TH, 2018, A MEETING TOOK PLACE BETWEEN PRESIDENT OF DEMOCRATIC REPUBLIC OF CONGO AND REPRESENTATIVES OF MINING INDUSTRIES.‍PURPOSE OF MEETING WAS TO CLARIFY CERTAIN ASPECTS OF NEW MINING CODE ADOPTED BY TWO CHAMBERS OF CONGOLESE PARLIAMENT​.SAYS CHIEF EXECUTIVE MARK BRISTOW SAID COMPANY WOULD START ITS ENGAGEMENT WITH GOVERNMENT REPRESENTATIVES NEXT WEEK.  Full Article

Endeavour and Randgold form an exploration joint venture in Côte D'ivoire
Thursday, 2 Nov 2017 08:16am EDT 

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 03:00am EDT 

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

Randgold Resources says ‍operations in Mali set to exceed production targets for 2017​
Thursday, 26 Oct 2017 09:35am EDT 

Oct 26 (Reuters) - Randgold Resources Ltd :‍OPERATIONS IN MALI ARE PERFORMING ROBUSTLY AND LOOK SET TO EXCEED THEIR PRODUCTION TARGETS FOR 2017​.  Full Article

Randgold says cash costs for quarter was $192.4 mln, down 7 pct
Thursday, 3 Aug 2017 02:00am EDT 

Aug 3 (Reuters) - Randgold Resources Ltd ::TOTAL CASH COSTS FOR QUARTER OF $192.4 MILLION WAS DOWN 7% FROM PRIOR QUARTER AND DOWN 6% FROM CORRESPONDING QUARTER OF 2016.TOTAL CASH COST PER OUNCE OF $572/OZ DROPPED BY 8% QUARTER ON QUARTER AND BY 21% COMPARED TO CORRESPONDING QUARTER IN 2016.CEO MARK BRISTOW SAID Q2 HAD BEEN A GOOD ONE BOTH OPERATIONALLY AND ON EXPLORATION AND NEW BUSINESS FRONT.TONGON - PROFIT FROM MINING ACTIVITY INCREASED BY 6% TO $46.1 MILLION IN Q2 2017, MAINLY DUE TO HIGHER PRODUCTION AND 3% HIGHER GOLD SOLD.KIBALI - PROFIT FROM MINING ACTIVITY WAS LOWER AT $53.0 MILLION IN CURRENT QUARTER (Q1 2017: $58.1 MILLION).  Full Article

Randgold says HY profit up 53 pct
Thursday, 3 Aug 2017 02:00am EDT 

Aug 3 (Reuters) - Randgold Resources Ltd ::RANDGOLD RESOURCES: Q2 RESULTS AND UPDATES.Q2 PROFIT OF $102.8 MILLION WAS UP 21% ON PREVIOUS QUARTER.HALF-YEAR PROFIT OF $187.7 MILLION WAS UP 53% ON CORRESPONDING PERIOD IN 2016.PRODUCTION OF 341 316 OUNCES FOR Q2 AND 663 786 OUNCES FOR HALF-YEAR WERE 6% AND 16% HIGHER RESPECTIVELY.RANDGOLD RESOURCES - OUTLOOK IS POSITIVE, CO TRENDING TOWARDS TOP END OF ITS 2017 PRODUCTION GUIDANCE RANGE AT A TOTAL CASH COST BELOW $600 PER OUNCE​.  Full Article

UPDATE 1-UK Stocks-Factors to watch on Sept 25

Sept 25 Britain's FTSE 100 index is seen opening 11 points lower at 7,448 on Tuesday, according to financial bookmakers, with FTSE 100 futures down 0.07 percent ahead of the cash market open.