Randgold Resources Limited is an Africa focused gold mining and exploration company with listings on the London Stock Exchange (RRS) and NASDAQ (GOLD).
Major discoveries to date include the 7.5Moz Morila deposit, the 7.2Moz Yalea deposit and the 5.9Moz Gounkoto deposit, in Mali, the 4.9Moz Tongon deposit in Côte d’Ivoire and the 3.7Moz Massawa deposit in eastern Senegal. Randgold Resources Limited (Randgold) financed and built the Morila mine which, since October 2000, has produced more than 6Moz of gold and distributed more than $2 billion to stakeholders. It also financed and built the Loulo operation which started as two open pit mines in November 2005. Since then, two underground mines have been developed at the Yalea and Gara deposits.
The company’s Tongon mine in Côte d’Ivoire poured its first gold in November 2010.
Production from the Gounkoto open pit operation, south of Loulo, began in 2011 and a recently completed feasibility study has confirmed the viability of an underground mine planned to start in 2018.
In 2009, Randgold acquired a 45% interest in the Kibali project in the Democratic Republic of Congo (DRC). Since the acquisition, Randgold’s geologists have been instrumental in more than doubling the mine’s ore reserves to 11Moz making it one of the largest gold deposits in Africa. The mine was developed and is being operated by Randgold. First gold was poured in the third quarter of 2013.
Randgold also has a major project at Massawa in Senegal and an extensive portfolio of organic growth prospects, supported by intensive exploration programmes in Côte d’Ivoire, DRC, Mali and Senegal.