Randgold Resources Ltd : RRS

News

• 28 Mar 2017 2 min read

  Randgold increases dividend by 52% after record year

  Randgold Resources has proposed an increase in its dividend for 2016 of 52%, to US$1.00 per share, based on a record year and its accumulated cash at the end of the period. The company has paid dividends each year since 2006. The increase comes after the company achieved record gold production in 2016 of 1.25Moz, […]

• 04 May 2016 1 min read

  Randgold Q1 profits up; dividend increased by 10%

  Randgold Resources has reported profits up 19% over the December 2105 quarter and 25% compared with Q1 2015. Earnings per share rose from US$0.52 in Q1 2015 to US$0.58. Revenue from gold sales, at US$345.8 million, was slightly up on the corresponding quarter of 2015, as gold production increased by 4% to 292.9 koz and […]

• 26 Apr 2016 1 min read

  Randgold commissions additional crushing capacity at Tongon

  Randgold Resources’ 89%-owned Tongon gold mine, in Côte d’Ivoire, has commissioned its fourth-stage crushing circuit, completing an extensive capital project designed to improve throughput and recovery. The new circuit is currently being optimised. 2015 gold production at Tongon was 243 koz, up 7% on 2014, and the company is targeting production of 290 koz this […]

• 31 Mar 2016 1 min read

  Randgold’s gold reserves at 14.6 Moz; 10% dividend rise proposed

  Randgold Resources has reported attributable gold reserves at the end of 2015 of 14.6 Moz, a 3.5% reduction after depletion from the previous year. The average grade of reserves remained at 3.6 g/t using a gold price of US$1,000/oz. The largest reserve base is at Kibali, (45%-owned) in DRC, where reserves were 4.7 Moz of […]

• 08 Feb 2016 1 min read

  Randgold’s gold production increases by 6% in 2015 to a new record

  Randgold Resources increased its gold production by 6% in 2015, to 1.21 Moz, from 1.15 Moz in 2014. Earnings per share, at US$2.03, were nevertheless down 20% as the company received a gold price of US$1,153/oz, US$112/oz lower than the previous year. The company managed to reduce its average cash costs slightly to US$679/oz. The […]

• 21 Dec 2015 1 min read

  Randgold decides not to invest in Obuasi

  Randgold Resources has decided not to proceed with a proposed investment in a joint venture with AngloGold Ashanti to redevelop and operate AngloGold’s Obuasi gold mine, in Ghana. In terms of an agreement announced on 16 September, Randgold planned to undertake due diligence on the mine and the redevelopment plan that is the subject of […]

• 05 Nov 2015 1 min read

  Earnings fall for Randgold despite record quarterly production

  Randgold Resources reported earnings of US$0.45/share in Q3 15, against EPS of US$0.63 in the corresponding quarter of 2014, despite record gold production of 305 koz. Attributable income fell 10% as the gold price received fell from US$1,277/oz to US$1,122/oz. Cash costs were marginally higher at US$699/oz. For the first nine months of 2015, the […]

• 26 Oct 2015 1 min read

  Randgold Resources’ Tongon mine pays off shareholders’ loans

  Randgold Resources’ Tongon gold mine has paid off its shareholders’ loans of US$448 million, used to partially fund the US$580 million capital investment in building the mine five years ago. The Tongon mine is located within the Nielle exploration permit in the north of Côte d’lvoire, 55 km south of the border with Mali. Randgold […]

• 14 Aug 2015 4 min read

  BlackRock World Mining outperforms falling market

  The continued slump in commodity markets weighed on the performance of BlackRock World Mining over the first half of 2015. the total return on net assets was -7.0% for the period and the return to shareholders was -2.8%. These figures are better than the return on the Euromoney Global mining Index however – this returned […]

• 06 Aug 2015 1 min read

  Randgold’s H1 earnings cut despite higher gold production

  Randgold Resources’ H1 2015 earnings were US$1.10/share, down 20% from the corresponding period of 2014 as the company received a gold price US$91/oz lower than 2014, and despite increasing gold production (and sales). Gold production rose to 580 koz for the half year, with Q2 2015 production reaching a record 300 koz. Total cash costs […]