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Rand Gold Stock

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Are Gold Miners Like Randgold Resources Bargains? | Stock News ...
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Randgold Resources is a gold mining business operating mainly in Mali. Headquartered in Jersey, Channel Islands, it is listed on the London and the NASDAQ stock exchanges. Its London-traded shares are a constituent of the FTSE 100 Index and its NASDAQ-traded shares are a constituent of the NASDAQ-100 index.


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History

The company was established in 1995 and was first listed on the London Stock Exchange in 1997. In 2000 it commissioned the Morila mine and in 2005 commissioned the Loulo mine.


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Operations

The company's activities are concentrated on the following mines:

  • Morila Gold Mine, Mali
  • Loulo-Gounkoto mine complex, Mali
  • Tongon Mine, Côte d'Ivoire
  • Kibali Gold Mine, Democratic Republic of Congo (DRC)

Additional projects are Massawa in Senegal but exploration operations are predominantly undertaken in Mali and the Democratic Republic of Congo. Although registered in Saint Helier, Jersey, Mark Bristow, the CEO, operates mainly out of offices in London, England and the administrative functions are based in Johannesburg, South Africa. Bristow has urged caution about investing in South Africa while the present regime there remains in government.

Source of the article : Wikipedia



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