African gold mining and exploration concern, Randgold Resources, listed on the London Stock Exchange in 1997. Its major shareholder is Randgold & Exploration, a company created in 1992 to take over the gold interests of South Africas oldest mining house, Rand Mines. Randgold Resources is an international gold mining and exploration business, incorporated in the Channel Islands in 1995. It has to date discovered the 7 Moz Morila deposit in southern Mali, the plus 5 Moz Yalea deposit in western Mali and the 3 Moz Tongon deposit in the Ce dIvoire. The Company successfully developed the Morila deposit into one of the worlds largest and highest-margin gold mines. In February 2004 construction started on the new Loulo Gold Mine in Mali which is scheduled to come into production in third quarter of 2005, and a development study is underway on the underground operations. In addition, Randgold Resources has a portfolio of prospective exploration projects across Africa in Mali, Ce dIvoire, Senegal, Burkina Faso, Ghana and Tanzania.

Upper graph  = 12 month share price with 6 month MA (green) + 25 day MA (red)
Shaded area = Bollinger bands

Lower graph  = RSI

more company data here

Are you doing a school project or something ?

If youve had a good day please consider giving a donation to the lads dressed as Elvis racing 350 miles to the North Pole on behalf of Great Ormond Street Hospital It makes the London Marathon seem like a stroll in the park!
To donate or view how theyre getting on visit
http://www.elvispolarchallenge.co.uk/
thanks for your time

these shares look ok to me

No news on the wires I can see yet Randgold seem to be alone in the gold mines sector in taking a 12% hit, admittedly on a bad for the market, but the gold price remains above $700 and looks set to continue to rise so why the blood bath in this stock particularly when the fundamentals would suggest it should continue to be at least a hold if not a postive buy ?

Would suggest to watch this, as gold is creeping up steadily.
Posted pretty good set of results earlier this week which growth is progressing rapidly over the pass few years and there is still more to come, now started paying dividends. Looks set to grow. dyor

Just looking at the charts, does any chartist agree that a symmetrical triangle has been formed, and a possible breakout is on the cards?? Which way I dont know, however if the sp breaks the trend line which it is very close to now, I make it 1210 resistance, there is a chance of 3-5 rise. I welcome any comments, as this look particularly interesting to watch

Seems to be rather cheap at the moment - especially with gold at such a high price and the Asian 'buying season' about to begin.

It shouldn't be forgotten that, when buying this share, there is no stamp duty to pay. Quite a big plus point if trading regularly.

Is this going to be one to watch this year, considering the forecast of POG. Currently in a breakout next resistance 2500p?
Will there renew interest of gold miners. Does anyone know other gold miners that's worth watching?

How about you lot taking some profits (all at once ideally) so someone else can get In on the dip? -):

Stan,
Your wish has been granted. Is a 2 dip enough?

See what you mean FB, but was rather hoping for more than 1 on the day..still It's a start -):

To be serious though I can only see Gold going higher In general.

New article, click HERE

1462p... crumbs they were around 2000p when I last looked!

It seems that the gold companies have significantly underperformed the price of gold.Any views out there on the general outlook for future performance here?

I bought a few for the first time last week .




nice chart.

If the prediction of high inflation & a weakening dollar are correct, then gold is tipped to be a popular safe haven for investors in 2009, with RRS being at the top of the list. It just depends on whether it's inflation or deflation which hits the U.S. economy. (POG was also tipped, but that was before the possible ORE tie up.)

Not only that,but the outlook for the banking sector is looking increasingly frightening.
The question that is being asked is "why are the banks not lending?" However,to my way of thinking,the appropriate question ought to be,"Why are people not qualifying for loans?" The answer to that obviously lies in the lack of creditworthyness out there.Must be good for Gold,

Banks are bust time for gold.

The price of gold is up by $40. since Friday.
A good few are looking at prices of $2,000. and more.Taking inflation into account over many years,we are well below historical highs even at these figures.

Consider that the price of gold was just below $700. in the early 80's.And I am sure that most people would agree that the present instability is more worrying than the Cold War situation that existed then.

It soared to $800 on invasion of Afganistan .

Have they struck more gold..?

Preparing my short trigger, probably when gold hits 960

New broker target of 3600p.

My target is 6000p in 12 months time .

Chart above sending me a strong message may be got a little more to go to get RSI above 70 and price to the top of the channel and I'm a shorting ideally at 3500 nice round number!

This is a buy in Shares mag out today.

Exactly!

lol..

Break-out today.

Moneyam charts are not working however sp up 150p.

3500p is it any good..?

Hoping for another 250p rise this pm.

My short got triggered so will see how this plays out. PE is fairly stratospheric, rsi not quite over 70 due to that retrace. Looks like a bubble stock ie ludicrously overvalued(mail on Sunday) but gold feeding frenzy could project it to the moon no doubt. If indices rally I think it will tank and gold has to break through a 1000 which will put up a fight

Looking good today we should get to 4000p in the next couple of days in fact the chart suggests 4500p.

Gold $1000 today.

I think today is the best day for RRS for a while.

Chartwise certainly time to close short though I'm not buying in as unsure about gold in a deflationary environment

Gold the only decent play in these markets Falconthou.

Excellent move today chart wise.

I'll get my short ready for about 3750!

lol dont blame you..

Presumably that's when gold will be nudging the $1000 oz level then?

Gold is not a reflection of inflation but fear, a bit like the Vix! It's also an ETF bubble like oil last Summer! I can understand Gold going to $2000 when the dollar finally collapses but there is little sign of that at the moment with all this risk aversion

Gold is heading for $1500.

It hasn't crossed the $1000/oz yet!

Almost there Harry just thinking ahead..!

Could it touch 4000p in a late afternoon spike.

Getting my short ready Mitzy, though dollar does seem to be collapsing!

Its getting closer to 4000p lol.

Wait.

Short again!

According to Moneyam info, PE is 100!That's Dot com material surely?

mitzy - 23 Mar 2009 12:36 - 51 of 54

Its getting closer to 4000p lol.

..Certainly is -):

Bubble,bubble,toil and trouble!

Light as a feather stiff as a board.

mitzy still a long way to reach 4000p.

Right to the bottom of the channel,will all depend on gold.I expect a lot of shorts will close around here though and see if 3000 holds

Reading the CFD news, that particular analyst is short both gold & silver (short & long term). Target for gold is $600 ! I have no idea if he is correct & the article comes with lots of 'ifs' & 'buts'. I am wondering if the precious metals bubble is coming to an end though.

Everyones short of gold/silver for some reason I cant believe $600 thats too low it could go either way at the moment.

Hope you took profit at 38 ish, Mitzy & didn't try to squeeze 40? Sp went down pretty quickly.

Thanks Harry I got out just in time waiting for gold to rise which wont be long now..cheers .

Thanks Harry I got out just in time waiting for gold to rise which wont be long now..cheers .

Watching carefully.

200 DMA is down at 2600p, so don't jump in too quickly.

Up 9% today against a falling market.

Sell off's mean buy gold and gold miners, usd and yen, sell everything else!Did you buy in today?

Piece on Randgold.... http://www.tradinghelpdesk.com

No I missed it F..!

MITZY really!!!!

lol.

Holders should enjoy this new article and analysis!

Click HERE to access the article

Slightly off topic, but in direct competition to RRS, a floatation of AFRICAN BARRICK GOLD in march (estimated 2.4 bn market value) due to take place & it is suggested may be more attractive to investors, given the high price of RRS shares.
The deal, arranged by J.P. Morgan (JPM.N) and Morgan Stanley (MS.N), will run a bookbuilding between March 5 and March 18.

not a pretty sight with 200 dma now breached

A few miners down today, especially the precious one's like RRS and FRES.

Approaching good support level? They're a bit bl**dy expensive though! One for the s/betters.

support at 54.00, or at least that's my uneducated guess ..... hilary and gausie with their slide rules and inside-out t-cups and other exotica may tell us different

Gold sp headed south a bit today, after touching 14+ yesterday, could rand be telling us something.....

anyone know of reason for big drop today?

70,

More bad news from the Ivory Coast I expect, Cluff had problems yesterday.

I closed my short in RRS yesterday! "$^&**>?@*!"

Yes, that seems to be the case. Tongon mine in Ce D'Ivoire and new President elect is threatening to nationalise certain industries.
Apparently Tongon mine represents about 20% of RRS NPV.

SP down nearly 1/3 from its highs, yet gold hovering close to all time high prices.Most mining stocks are down today, though

Market update: Randgold continues slide on Ivorian concerns

http://www.whatinvestment.co.uk/trading/markets/market-updates/1608798/market-update-pm-randgold-continues-slide-on-ivorian-concerns.thtml

Bouncing up over 3% so far on today's news release.

http://moneyam.uk-wire.com/cgi-bin/articles/201103091231506262C.html

lol today...................
http://www.youtube.com/watch?v=7KNxcByCEkM&feature=related
http://www.youtube.com/watch?v=UoxHwOl2gN0&feature=related

http://www.youtube.com/watch?v=FKDZsCcvG1k&feature=list_related&playnext=1&list=MLGxdCwVVULXdCqxbcbZlcHnq8S04acxLv

rrl up after whoops dip

Wonder how long the squatter can remain? http://www.bbc.co.uk/news/world/africa/

I wonder what's behind the rise this morning?

See post 89.

Up 9% so far.

http://www.moneyam.com/action/news/showArticle?id=4197674&epic=

Good trading update today and SP up again tomorrow I expect as being in gold is one of the best places to be at the moment.

London, 28 November 2011 - Randgold Resources ('Randgold') today reported a series of setbacks at its Tongon mine in Ce d'Ivoire which will have a negative impact on its production for the fourth quarter of this year.

Could be a down day for this one today then.

Finals out today.

Down 14%???? No immediate reason why.

Have you not heard of the coup in Mali?

Nope.
But I have now, thank you.

"(Reuters) - Renegade Malian soldiers went on state television on Thursday to declare they had seized power in a coup after the government's failure to quell a nomad-led rebellion in the north.

The soldiers of the newly formed National Committee for the Restoration of Democracy and State (CNRDR) read out a brief statement after heavy weapons fire rang out around the presidential palace in the capital Bamako throughout the night.

The CNRDR ... has decided to assume its responsibilities by putting an end to the incompetent regime of Amadou Toumani Toure," said Amadou Konare, spokesman for the National Committee for the Restoration of Democracy and State (CNRDR).

"We promise to hand power back to a democratically elected president as soon as the country is reunified and its integrity is no longer threatened," said Konare, flanked by about two dozen soldiers. A subsequent statement declared an immediate curfew "until further notice".

The statements made no reference to the whereabouts of Toure, who for the past decade has presided over one of the more stable governments in West Africa and was due in any case to step down after elections scheduled for late next month.

However the gold- and cotton-producing nation has struggled to contain a northern rebellion launched late last year by local Tuareg nomads joined by heavily armed fellow Tuaregs returning from Libya after fighting for ousted leader Muammar Gaddafi.

The rebellion, in which dozens have been killed and nearly 200,000 civilians have fled their homes, has added a new layer of insecurity to a region where al Qaeda allies have carried out a spate of kidnappings of Westerners and other crimes.

U.N. Secretary-General Ban Ki-moon called for calm and for grievances to be settled democratically in a statement hours before the soldiers said they had seized power.

Jean Ping, head of the commission of the African Union continental grouping, said he was "deeply concerned by the reprehensible acts currently being perpetrated by some elements of the Malian army".

This coup is for the better of Mali.

I don't see why you say it is for the better.

http://www.guardian.co.uk/world/2012/mar/22/mali-coup-soldiers-loot-palace

Questor/Telegraph: Buy

http://www.telegraph.co.uk/finance/markets/questor/9161209/Questor-share-tip-Randgold-falls-create-entry-point.html

http://seekingalpha.com/article/455401-what-does-mali-s-coup-mean-for-miners?source=yahoo

2 April: Nomura: Neutral - TP down from 9850p to 7115p.

Good read:

http://seekingalpha.com/article/486251-randgold-and-the-secret-to-successful-contrarian-investing?source=yahoo

Questor (Telegraph) Buy:

http://www.telegraph.co.uk/finance/markets/questor/9292249/Questor-share-tip-Randgold-Resources-expansion-plans-should-lead-to-a-significant-rise-in-profits.html


RRS does perform over time. Had Mali not caused
the recent blip it would be much higher, I think, unlike
POG which doesn't seem to need any excuses
to keep falling.

5500 may be the point at which this starts getting exciting
again. With Wall St open next week when we are
closed, it should get even more interesting, if the economic
vibes from the US and Europe don't improve. Traded with the
ticker GOLD in NY.

Gone past 5500 even as I was typing.

Good read and RRS one of four gold picks. I always
get better and more rewards from RRS than POG. Must remember that.

http://seekingalpha.com/article/640481-4-gold-stocks-for-the-bear-market?source=yahoo

25 June: Nomura reiterates: Reduce - TP down to 6,815p from 6970p.

25 June: Investec Securities, however, upgrades to: Buy - TP held at 6,962p.

http://www.moneyam.com/action/news/showArticle?id=4424338

Up over 3% on early trading.

Finished up 4.5% on average volume at the death.

I bought these the Day before the Mali invasion/war (how unlucky is that?) and watched them go as low as £52 so much relieved to see them back into profit today.

Chief Executive sells 45,000 http://www.moneyam.com/action/news/showArticle?id=4484432

Re previous post CEO Sold @ 6799p on 13 November

Taken a bit of a slapping today after that news, down over 5%.

Nov 29: Morgan Stanley Overweight reiteration - TP maintained at 7900p.

Black Rock reduce by a few http://www.moneyam.com/action/news/showArticle?id=4500018

FIRE AT TONGON PLANT

Tongon, Côte d'Ivoire, 26 December 2012 - Randgold Resources said today production at its Tongon gold mine in Côte d'Ivoire had been impacted by a fire in the mill section.

FMR LLC. Increase above 5%.

BlackRock, Inc. go above 14%.

RRS suffer from lower gold price, -4.50% so far http://www.moneyam.com/action/news/showArticle?id=4587226

Black Rock Holding has gone above 15% today

Black Rock Holding has gone below 15% today, a successful trade I assume.

Kibali prepares to pour first gold.

Results and Update http://www.moneyam.com/action/news/showArticle?id=4646410

Ivory Coast major opportunity for gold investors http://www.moneyam.com/action/news/showArticle?id=4694094

3rd Q. Results http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11766356

Gold hedging and RRS

Oct 9: Numis: Buy - TP: 5100p (down from 5800p on 1 Octobaer).

.

On the up and no messing this one.

SP come has come off a bit lately but some more news here http://www.moneyam.com/action/news/showArticle?id=4969219

Profits slip http://www.moneyam.com/action/news/showArticle?id=4973709

Tongon passes major milestone http://www.moneyam.com/action/news/showArticle?id=5138906

Third Qrt. Results and Updates http://www.moneyam.com/action/news/showArticle?id=5146678

Morgan Stanley on gold & RRS:
"FCF of gold producers is at an inflection point. Benefits of improved capital discipline and declining unit costs have become more visible as most companies have shifted their focus from producing more ounces to harvesting returns on existing ounces. This trend has become evident as capital expenditures continue to decline (6-10% YoY decline across our coverage universe). We also see a lower risk of returning to the “old ways” (as discussed in this recent Global Gold Insight Note Global Gold Insight Note) as companies appear to have changed their behaviour by altering management incentives (increased focus on returns) and enshrining capital discipline in dividend policies that link dividend payments either to the gold price or cash generation after maintenance capex. This reduces the likelihood of capital destruction, in our view.
Little exposure to China slowdown, benefits from mining-wide cost deflation. Furthermore, the attraction of gold equities is supported by (1) lower exposure to Chinese demand as compared to industrial metals, and (2) margin resilience due to mining-wide cost deflation especially for mines located in countries with non-USD functional currencies. Our price outlook for gold remains flat in 2016-17, broadly in-line with current spot, while costs are set to decline by c. 10% p.a. across our coverage. We should therefore start to see margin expansion and return improvement across the sector.
Randgold stands out. Within our European coverage, Overweight-rated Randgold Resources is best positioned to take advantage in this environment. While acknowledging the valuation premium as compared to other gold producers, the company has an all-in cash cost estimated fcf yield of greater than on spot in maintains a net cash balance sheet and is well-positioned to benefit from investment opportunities as they arise the current environment."

Ashanti terminated http://www.moneyam.com/action/news/showArticle?id=5180047

Black Rock go below 10% http://www.moneyam.com/action/news/showArticle?id=5207754

Randgold Resources was in a surprisingly robust position in its end-of-year-results on Monday, despite lower gold prices pushing the company's profit down in the 12 months to 31 December 2015.

Production and costs were in line with the company's annual guidance, with the FTSE 100 company setting a new production record of more than 1.2m ounces - up 6% on the previous year.

Group total cash cost per ounce was down 3% to $679 (£467.60) per ounce.

The firm reported strong cash flows from operations, boosting cash on hand by 158% to $213.4m, though profits for the year were down due to lower gold prices - to $212.8m from $271.2m a year earlier.

Nevertheless, Randgold's board proposed a 10% increase in the annual dividend, which the board said reflected the strong cash flows generated by the business.

"It's easy to achieve when the stars are all aligned but it's a lot more difficult in a market as challenged as this one, which makes these results even more pleasing", said chief executive Mark Bristow.

Black Rock Inc. go above 10% http://www.moneyam.com/action/news/showArticle?id=5245430

PROGRESSIVE DIVIDEND MAINTAINED AS RANDGOLD BUILDS CASH FOR FUTURE GROWTH

London, 31 March 2016 - In its annual report for 2015, published today, Randgold Resources reaffirmed its intention to continue to pay a progressive ordinary dividend that will increase or at least be maintained annually. The board has proposed a 10% increase in the 2015 dividend to $0.66 per share for approval at its annual general meeting on 3 May 2016.

Commenting on this statement, financial director Graham Shuttleworth said that at a time when the gold mining industry was focused on survival, Randgold was able to maintain its dividend policy on the back of last year's strong performance. He confirmed that the company still intended to build its net cash position to approximately $500 million to provide financing flexibility for future new mine developments and other growth opportunities.

Panmure Gordon today reaffirms its hold investment rating on Randgold Resources Ltd (LON:RRS) and raised its price target to 6000p (from 4300p).

Credit Suisse today reaffirms its neutral investment rating on Randgold Resources Ltd (LON:RRS) and raised its price target to 6700p (from 6400p).

StockMarketWire.com
Randgold Resources has hiked its March-quarter pretax profit to USD85.3m, from USD60.98m. Revenue totalled USD267.56m, from USD231.23m. Shareholders have approved a 10% rise in annual dividend to USD0.66 a share.

The company's flagship operation, the Loulo-Gounkoto complex in Mali, delivered a robust performance in the quarter to March when its Kibali and Tongon mines were impacted by commissioning and other technical issues. This enabled the company to post a profit increase for the first quarter compared to the previous quarter and comparative prior year quarter.

"The group also posted a significant improvement in safety with three out of five operations reporting zero lost time injuries for the quarter. Likewise the ongoing fight against malaria delivered another step decrease in incidence rate and all operations retained their international safety certifications with only Kibali still working towards certification, planned for this year," Randgold said in a statement.

"While production was down 11% from the previous record quarter at 291 912 ounces, the profit of $63.9 million was 19% higher than that of the previous quarter and 25% up on the corresponding quarter in 2015.

"This reflected Randgold's tightened focus on the profitability of its mines and a 9% increase in the average gold price received for the period.

"Total cash costs of $189.0 million were down 8% on the previous quarter, thanks mainly to Loulo, where the transition from contract mining to owner mining started paying off in terms of improved efficiencies and lower operating costs.

"At Kibali in the Democratic Republic of Congo, the two mill circuits, usually split between sulphide and oxide ores, were both campaigned on sulphides for an extended period in preparation for the ramp-up in underground ore.

"Interruptions associated with this process before its successful completion, compounded by a week-long breakdown of one of the ball mills, negatively affected production and costs.

"In Cote d'Ivoire, commissioning of Tongon's fourth crushing stage, which completes the mine's flotation upgrade and crushing extension project, took longer than expected, and the operation was also hit again by the recurring instability of the power supply from the national grid.

"Tongon continues to engage with the government and the power utility on this issue and is also expanding its own generating capacity.

"Morila in Mali remained profitable even while milling material with a head grade of 0.7g/t showing a significant improvement in cost and profitability compared to last quarter.

"Preparations for the transition to the treatment of tailings are well underway while discussions with the government and the local community regarding the Domba project are still continuing."

HIGHLIGHTS:
* Production down 11% quarter on quarter but up 4% on corresponding quarter of prior year

* Total cash cost/oz up 3% quarter on quarter but down 8% on corresponding quarter of prior year

* Cash increases 19% to $253.8 million on the back of reduced total cash costs and higher gold price

* Solid quarter from Loulo-Gounkoto with production in line with plan and significant decrease in total cash cost/oz

* Morila delivers steady performance with lower costs

* Tongon production impacted by quaternary crushers commissioning and power supply interruptions

* Kibali completes challenging quarter including optimising 100% sulphide feed, compounded by mill downtime

* New Moku JV adds 1 275km2 to Randgold exploration portfolio in same greenstone belt as Kibali

* West African exploration programmes deliver positive borehole and trench results

Jefferies International today upgrades its investment rating on Randgold Resources Ltd (LON:RRS) to buy (from hold) and raised its price target to 10500p (from 6000p).

StockMarketWire.com
Randgold Resources has improved its H1 pretax profit to $165.3m, from $132.9m, with revenue for the period firming to $522.4m, from $478.8m.

It said gold sales for the half totalled $700.2m, from $699.4m, with group total cash cost per ounce at $687, from $695. It produced 573,406 ounces, from 579,570 ounces.

The company said its production and costs were hit in the quarter to June by a long mill downtime at Tongon and the Kibali plant's continuing transition to a mixed-ore feed.

It added that the improvement expected in H2 should boost its 2016 results to within its market guidance.

CEO Mark Bristow described the Rangold's Q2 as one of the toughest in years, but said in June and July both Tongon and Kibali had made significant progress.

"Looking ahead at the rest of the year, all our teams have been reworking and optimising their mine plans to ensure that we end 2016 within guidance," he said in a statement.

"In addition, we're intensifying our focus on critical operational issues to ensure that we deliver a substantial second-half improvement," he said.

Bristow said in addition to another strong performance by the Loulo-Gounkoto complex, the quarter's highlight was the significant advances made by its exploration teams. "The quality and scope of our exploration portfolio continue to grow and there is a solid pipeline of projects being developed through our resource triangle, from grassroots and generative work to resource definition.

"I believe we have at least three advanced targets, already scheduled for drill test campaigns, with real potential to become important assets," he said."

HIGHLIGHTS:
- Profit down 8% quarter on quarter but up 11% on corresponding 6 months of prior year

- earnings per share for the 6 months of $1.10 in line with corresponding 6 months of prior year

- Production down 4% quarter on quarter and in line with corresponding 6 months of prior year

- Total cash cost/oz up 12% quarter on quarter but down 1% on corresponding 6 months of prior year

- Net cash generated from operations increases 6% and cash up 7% to $272.7 million

- Another solid quarter from Loulo-Gounkoto with production ahead of guidance

- Morila delivers steady performance with Domba not yet permitted

- Tongon production down 7% quarter on quarter as a result of extended mill downtime

- Tongon joins Gounkoto as it pays its maiden dividend to shareholders

- Kibali production down 6% quarter on quarter as it builds ore feed flexibility

- Lost time injury frequency rate improves by 7% from 0.59 to 0.55 year on year

- Gara extension drilling identifies significant potential to extend Life of Mine

- Greenfields exploration bolsters resource triangle and delivers 3 advanced targets

- BoyzonBikes raises $2.7 million to support NVEP Foundation

Nice rebound off £70.

Now £55 to buy.

Price of gold still dropping. Not sure this is a good time to buy any of the gold stocks.

Price of gold still dropping. Not sure this is a good time to buy any of the gold stocks.

It looks oversold to me Harry...gold that is.

Looks good here.

Berenberg today upgrades its investment rating on Randgold Resources Ltd (LON:RRS) to buy (from hold) and raised its price target to 7400p (from 7190p).

Credit Suisse today (31/01/17) downgrades its investment rating on Randgold Resources Ltd (LON:RRS) to neutral (from outperform) and cut its price target to 6970p (from 9200p)

Blackrock go below 10%.

StockMarketWire.com
Randgold Resources has hiked its FY profit to $294.2m, up 38% on the year, and proposed lifting its FY dividend by 52% to $1 a share after improving production for a sixth consecutive year.

It said flagship Loulo-Gounkoto in Mali set a blistering pace to exceed its annual guidance by 37000 ounces at its lowest ever total cash cost per ounce, and solid performances from the other mines contributed to the record group production of 1.25m ounces (2015: 1.21m ounces).

The group's total cash cost per ounce of $639 was down 6% on the previous year.

Randgold added that, in spite of the high level of activity at its operations, it broke another record by reducing its lost time injury frequency rate by 22% to a lowest ever 0.46.

CEO Mark Bristow confirmed Randgold had passed its net cash target of $500m, with $516.3m in the bank at the end of 2016, and no debt.

He said Tongon in Cote d'Ivoire had achieved its revised production guidance and reduced its total cash cost per ounce while Kibali in the Democratic Republic of Congo came back strongly after a slow first half and upped quarter-on-quarter production by 21% in Q4.

"The shaft development of Kibali is scheduled for completion by the end of this year with the integration of its underground mine's decline and vertical shaft systems," Bristow said.

"Kibali's second hydropower station has just started commissioning while the third station is currently being built by an all-Congolese contracting team."

Randgold's first mine, Morila in Mali, was now a tailings retreatment operation but continued to make a contribution towards its rehabilitation costs.

"As it heads for closure in 2019, Morila has advanced its plans for an agribusiness centre -- which will encompass the wide range of agribusiness projects it initiated over the years -- to the point where this qualifies for government support as an agripole.

"The development of this project is in line with Randgold's policy that its host communities should benefit from its activities, even after mine closures," Bristow added.

"We have shared with the market our 10-year plan, which shows how we plan to sustain our profitability over the next decade at a gold price of $1 000 per ounce. It also envisages -- but does not depend on -- the development of three new mines over the next five years," Bristow said.

He added that directors had now given the go-ahead for the Gounkoto super pit and the technical and financial study on the Massawa-Sofia project in Senegal had demonstrated that this has the potential to meet the company's investment criteria.

"In the meantime, our exploration programmes have continued to add reserves at Loulo-Gounkoto and Sofia and to expand our portfolio in Cote d'Ivoire. As reported earlier, we have also increased our presence in our target areas through a number of early-stage joint ventures."

I don't hold but VG results today.

Cracking share to hold.

Back to £80 with the rising gold price.

Ye hah! In yesterday and out this morning +5% most satisfying.

Jersey, Channel Islands, 28 March 2017 - After its record-breaking performance last year, Randgold Resources is strongly positioned to sustain profitable production, and continue delivering value to all stakeholders, well into the future, says chief executive Mark Bristow in the company's 2016 annual report published today.

Bristow notes that after a slow start to the year, Randgold increased production to a new high of 1.25 million ounces to achieve its annual guidance. All the operations contributed to this effort, with its flagship Loulo-Gounkoto complex in Mali posting particularly good results.

"We achieved, and exceeded our net cash target of $500 million and remained debt-free. We drove down our total cash cost per ounce of production and our profit rose by 38%. We completed or advanced our capital projects. We reduced our lost time injury frequency rate to its lowest level ever. We continued to replenish our attributable group reserves and made significant progress towards our goal of identifying three new potential projects that fit our investment criteria in the next five years," he says.

Bristow says the immediate future is already taking shape with Kibali in the Democratic Republic of Congo on track for completion of the underground shaft facility this year, the development of a super pit at the Gounkoto mine in Mali going ahead, and the Massawa project in Senegal looking increasingly viable as the next Randgold mine.

The company's 10-year business plan, shared with the market last year, shows a business which will remain profitable at a long term gold price of $1 000/oz while producing at an average annual rate of approximately 1.2 million ounces and generating cash that will support continued investment in the future as well as dividends.

"It is worth noting that with our big capital projects nearing completion and a cost profile trending down, Randgold is a truly profitable business capable of delivering value to all stakeholders," he says.

Foremost among these stakeholders are the governments and people of Randgold's host countries.

"It is their support and cooperation that makes it possible for us to build and operate mines in some of the remotest parts of the world. We have proved over the years that we are there not to exploit these countries but to unlock the value of their mineral resources so that all may benefit."

Also in the annual report, chairman Christopher Coleman says Randgold continues to place a strong emphasis on the entrenchment of its social licence, which it regards as an essential requirement for business success in Africa.

Its extensive social responsibility initiatives include Nos Vies en Partage, the independent charitable foundation Randgold established to support quality of life improvement programmes in Africa, particularly those which support women and children.

"In his latest fundraising motorcycle safari through Africa last year, Mark Bristow and his team raised a further $2.5 million for the foundation," Coleman says.

1st Q results out today, looks decent.

Black Rock go above 10% http://www.moneyam.com/action/news/showArticle?id=5551660

Black Rock go below 10% http://www.moneyam.com/action/news/showArticle?id=5559497

RANDGOLD SCHEDULES MASSAWA PROJECT FOR FEASIBILITY FINALISATION

Dakar, Senegal, 28 June 2017 - The feasibility study on Randgold Resources' Massawa gold project in Senegal is scheduled for completion by the middle of next year, when a final decision on its development will be made, chief executive Mark Bristow said here today.

Speaking at a media briefing to mark the start of the annual three week review of Randgold's exploration projects in Senegal, Mali, Côte d'Ivoire and the DRC, Bristow said the company's recent discovery of the nearby Sofia deposit, which has been incorporated in the project, had significantly increased Massawa's viability, as its low-cost, high-recovery ore would enhance the overall economics.

"As things stand today, Massawa has a mineable reserve of 2.6 million ounces and the project has an internal rate of return of 18% at a gold price of $1 000 per ounce, which is a little short of our investment criteria of a 3 million ounce reserve and a 20% IRR (internal rate of return). The detailed drilling required for the feasibility study as well as our continuing exploration of extensions to and satellites around the known orebodies should get the project across the line," he said.

"In that case, Massawa will become the sixth mine Randgold has developed and our first in Senegal. It will also be the first of the three new projects we plan to deliver over the next five years."

Bristow pointed to Massawa as a further example of Randgold's long-term planning and perseverance. The company started exploring in Senegal in 1995, the year Randgold was established, discovered Massawa in 2004 and then spent a long time getting to grips with the geological and metallurgical complexities of the orebody and has spent $85 million to date evaluating and advancing its Senegal portfolio. While developing Loulo, Tongon, Gounkoto and Kibali, Randgold kept the work on Massawa going as well, and the project finally moved to centre stage with the discovery of Sofia in 2016.

"We are also looking beyond Massawa with our sights set on expanding our exploration portfolio and continuing our search for additional discoveries and development opportunities in Senegal."

RANDGOLD ENQUIRIES:
Chief Executive
Mark Bristow
+44 788 071 1386
+223 66 75 01 22

Group Exploration Manager
Joel Holliday
+44 778 619 1523

Investor & Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: randgold@dpapr.com

Website: www.randgoldresources.com

Tongon sustains performance improvement: http://www.moneyam.com/action/news/showArticle?id=5597322

Q2 results and updates http://www.moneyam.com/action/news/showArticle?id=5612764

Looking decent today with the price of gold soaring.

Absolutely Mitzy.

Randgold Resources posted a drop in profit and production for the third quarter, but said it was on track to meet its 2017 guidance. Profit fell 41% to $602m, with production down 9% to 310,618 ounces, as total cash cost per ounce rose 17% to $667.

4th Q results look http://http://www.moneyam.com/action/news/showArticle?id=5842612

Barclays Capital today reaffirms its overweight investment rating on Randgold Resources Ltd (LON:RRS) and cut its price target to 6350p (from 7000p).

http://www.moneyam.com/action/news/showArticle?id=6138878 Garrick Gold to merge with RRS.

An Upgrade...of sorts http://www.moneyam.com/action/news/showArticle?id=6141213

From buy to buy -);

...and there's more from Numis this time http://www.moneyam.com/action/news/showArticle?id=6141395

Randgold Resources and Barrick Gold have increased their dividends ahead of shareholder votes on their proposed combination to form the world's biggest gold mining corporation. The companies said in September that Barrick, of Canada, would buy the London-listed Randgold for $6 billion in an all-share deal, creating a Canadian-listed group worth about $18 billion. - The Times

Merger clearance from SA Competition Tribunal https://www.moneyam.com/action/news/showArticle?id=6189886